Auto Shop with Drive-In
New
For Sale
Contact for pricing
2030 Boyer Street, Charlotte, NC 28208
ML-1-zoned facility with automotive service equipment and fenced outdoor parking.
Property Size7,200 SF
Price / SF$243.06
Days on Market6
Property Features for 2030 Boyer Street
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Industrial
Zoning
ML-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
5
Amenities
paint booth
car lift
air compressor
480 SF shed
LED lighting
2 bathrooms
5 drive-in doors
Building Details
Buildings
1
Building Size
7,200 SF
Listing Agency:
MECA Commercial Real Estate
Listed By:
Bryan Butler · License #241017
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 7:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MECA Commercial Real Estate
Investment Insights
Based on property information with market context.
Configured for automotive and industrial operations, this approximately 7,200-SF building has 5 drive-in doors, clear heights of 14 feet at the peak and 11 feet at the eave, LED lighting, and 2 bathrooms. Equipment includes a paint booth, car lift, and air compressor; a 480-SF shed provides additional space.
At 2030 Boyer Street in Charlotte, the fully fenced property includes approximately 6,534 SF of parking and is near I-85, Highway 74, and Highway 29. ML-1 zoning and the existing equipment support automotive, fabrication, equipment service, or general industrial uses.
At 2030 Boyer Street in Charlotte, the fully fenced property includes approximately 6,534 SF of parking and is near I-85, Highway 74, and Highway 29. ML-1 zoning and the existing equipment support automotive, fabrication, equipment service, or general industrial uses.
Key Highlights
- Approximately 7,200 SF industrial building with 5 drive‑in doors
- Clear heights of 14' at the peak and 11' at the eave
- Includes paint booth, car lift, air compressor, and 480 SF shed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,411,000
$2.4M
Cap Rate 7%
$1,722,143
$1.7M
Cap Rate 9%
$1,339,444
$1.3M
Market Conditions
NOI Build-Up for 7,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$177.1K $24.60/SF
− Vacancy
−$4.9K −$0.68/SF
EGI
$172.2K $23.92/SF
− OpEx
−$51.7K −$7.18/SF
NOI
$120.5K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,411,000
Cap Rate 7%
$1,722,143
Cap Rate 9%
$1,339,444
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,550 @ 7.0% cap · market cap 6.89%
Second Best
Industrial
$1.05M
$918.9K – $1.23M
NOI $73,513 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,833 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Charlotte, NC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Truck Service of Charlotte TSC — 4517 Wilkinson Blvd, Charlotte, NC 28208
- Automotive Digital Solutions — 4927 Wilkinson Blvd, Charlotte, NC 28208
- BLVD KUSTOMS AND COLLISION CENTER — 4911 Wilkinson Blvd, Charlotte, NC 28208
- Corvettes Etc — 4927 Wilkinson Blvd, Charlotte, NC 28208
- BLVD KUSTOMS 2 — 4911 Wilkinson Blvd, Charlotte, NC 28208
Frequently Asked Questions
What type of property is this?
Auto shop - ML-1-zoned facility with automotive service equipment and fenced outdoor parking.
Where is this auto shop located?
The property is located at 2030 Boyer Street Charlotte, NC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 7,200 SF industrial building with 5 drive‑in doors; Clear heights of 14' at the peak and 11' at the eave; Includes paint booth, car lift, air compressor, and 480 SF shed
