Automotive Repair Shop with Three
For Sale
$775,000
30 Lockville Road, Moncure, NC 27559
CommercialSale, Moncure, NC
Property Size3,000 SF
Lot Size4.49 Acres
Price / SF$258.33
Days on Market1512
Property Features for 30 Lockville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
IL - Light Industrial
Parking features
Paved or Surfaced, Parking Lot
Lot features
Three To Five Acres, Partially Cleared, Rolling Slope
Directions
From US Highway US # 1 take Deep River/ Moncure Exit. Turn north to head towards Moncure, cross Deep River Bridge from Lee into Chatham County. Property will be on your left. From Pittsboro/Moncure Road towards Moncure, a stop sign turn right towards Deep River and Lee county and property will be on your right.
Standard status
Active
APN
0067178
Size
3,000 SF
Lot size
4.49 Acres
Taxes and HOA fees
Tax Description
PIN: 9678-00-30-8310 N9-175A
Legal Description
PIN: 9678-00-30-8310 N9-175A
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas, Forced Air
Water source
Well
Amenities
3 roll-up bay doors
2 man doors
1 restroom
three-phase power
Building Details
Year built
1987
Building materials
MetalSiding, Steel
Roof type
Metal
Listing Agency:
ADCOCK REAL ESTATE SERVICES
(919) 775-5444
Listed By:
CELIS O'QUINN · License #118309
(919) 775-9526
Added: Aug 12, 2022
Changed: Sep 12
Last Checked: Oct 1 at 11:06AM
MLS# 690723
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property includes a 3,000-square-foot metal-sided workshop on 4.49 acres. Built in 1987, the building has three roll-up bay doors, two man doors, one restroom, a metal roof, natural gas heat, and forced-air heating. The shop has been used for automotive repair and includes three-phase electrical service without a high-leg pole.
The property is located in Moncure, North Carolina, along Old US #1, also identified as Deep River Road, with more than 600 feet of road frontage. It adjoins a hydroelectric plant and has a paved parking area. Water is supplied by a well, and the property uses a private sewer system.
The property is located in Moncure, North Carolina, along Old US #1, also identified as Deep River Road, with more than 600 feet of road frontage. It adjoins a hydroelectric plant and has a paved parking area. Water is supplied by a well, and the property uses a private sewer system.
Key Highlights
- 3,000‑square‑foot automotive workshop built in 1987
- 4.49‑acre property with more than 600 feet of road frontage
- Three roll‑up bay doors, two man doors, and one restroom
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
$39,643
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
5.12%
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%
$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
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
$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 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%
$792,860
Cap Rate 7%
$566,329
Cap Rate 9%
$440,478
Alternative Uses
Best Use
Industrial
$566.3K
$495.5K – $660.7K
NOI $39,643 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$499.5K
$437.1K – $582.8K
NOI $34,965 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$968.7K
$847.6K – $1.13M
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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Open Analytics
Current Use
Lease Details
3
Service bays
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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 Road Moncure, NC.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,000‑square‑foot automotive workshop built in 1987; 4.49‑acre property with more than 600 feet of road frontage; Three roll‑up bay doors, two man doors, and one restroom
