Building Details

Year Built 1987

Listed By: Celis O'Quinn Show Phone

Added: Aug 12, 2022 Changed: Aug 26

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,643

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,860 $792.9K

Cap Rate 7%

$566,329 $566.3K

Cap Rate 9%

$440,478 $440.5K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$60.1K $20.04/SF

− Vacancy

−$3.5K −$1.16/SF

EGI

$56.6K $18.88/SF

− OpEx

−$17.0K −$5.66/SF

NOI

$39.6K $13.21/SF

Area

Chatham County, NC

Vacancy

5.80%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,860

Cap Rate 7%

$566,329

Cap Rate 9%

$440,478

Alternative Uses

Best Use

Industrial

$566.3K

$495.5K – $660.7K (±1% cap)

NOI $39,643 @ 7.0% cap · market cap 5.12%

Second Best

Retail

$499.5K

$437.1K – $582.8K (±1% cap)

NOI $34,965 @ 7.0% cap · market cap 4.51%

Theoretical Best

Office A

$968.7K

$847.6K – $1.13M (±1% cap)

NOI $67,811 @ 7.0% cap · market cap 8.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Ramsey's Mill Tour Operator Gunter Automotive Auto Repair Shop

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop Grocery & Convenience Store Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 27559, NC

2,412

Population

1,246

Households

1.9

Avg Household Size

47

Median Age

27%

College-Educated

91%

High-School Grad

50.6 sq mi

ZIP Area

48

Density / Sq Mi

$63,750

Median Household Income

$40,611

Median Earnings

$1,341

Median Rent

$347,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Gunter Automotive — 30 Lockville Rd, Moncure, NC 27559
• Kitty’s Mobile Repair — 196 Jordan Dam Rd Suite 607, Moncure, NC 27559

Frequently Asked Questions

What type of property is this?

Auto shop - Metal-sided commercial building with paved parking, multiple overhead doors, and Commercial/Light Industrial zoning.

Where is this auto shop located?

The property is located at 30 Lockville Rd Moncure, NC.

What is the asking price?

The asking price for this property is $775,000.