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    30 Lockville Road Moncure, NC 27559

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    Claim this Listing
    For Sale
    $775,000

    COMMERCIAL - Moncure, NC

    Property size:
    3,000 SF
    Lot size:
    4.49 Acres
    Price / SF:
    $258/SF
    Added:
    Aug 12, 2022
    Days on Market:
    1359
    Last Refresh:
    May 1 at 7:06 pm

    Property Features for 30 Lockville Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Paved or Surfaced
    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

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Well

    Building Details

    Year built
    1987
    Building materials
    MetalSiding, Steel
    Roof type
    Metal

    We can help!

    Listing Contact
    CELIS O'QUINN

    Listing agent CELIS O'QUINN License #118309

    Listing office ADCOCK REAL ESTATE SERVICES 1101 S HORNER BLVD., SANFORD, NC

    Listing date Aug 12, 2022

    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.

    Overview

    Moncure Automotive Repair Shop

    Located on Old US #1, also known as Deep River Road, this commercial property spans over 4.4 acres in Moncure, NC. The property features a 50 x 60 workshop, which has been operated as an automotive repair shop for several years. The site benefits from over 600 feet of road frontage and is zoned Commercial/Light Industrial. It neighbors a hydro-electric plant. The workshop is equipped with true III Phase electricity, without a high-leg pole. It includes three roll-up bay doors (two facing the front and one side garage bay door), two man doors, and one restroom. The property is currently occupied by a tenant, and the seller requires 90 days to allow the tenant to remove equipment and vehicles either before or after closing. The workshop has 3,000 square feet of space. The property is located in Chatham County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ramsey's Mill Tour Operator Gunter Automotive Auto Repair Shop

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Food Market Grocery & Convenience Store Storage Facility Electrical Service Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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

    Location Insight

    • Map
    • Local Demand
    City
    Moncure
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.088109
    Latitude
    35.619417

    FAQs

    What type of property is this?
    Auto shop - Commercial property with workshop, suitable for automotive or retail use.
    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: Large 50x60 workshop featuring 3 roll‑up bay doors, formerly a successful automotive repair shop.; Boasting over 600 feet of road frontage on a major road (Old US #1/Deep River Road).; Zoned Commercial/Light Industrial on over 4.4 acres.
    (919) 775-9526
    We can help!
    Listing Contact
    CELIS O'QUINN
    Real Estate License ID: 118309
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    30 Lockville Road, Moncure, NC 27559

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