Automotive Service and Storage
For Sale
$1,200,000
Pending
365 S Mckinley St, Coats, NC 27521
Block-scale facility with mini storage units, mechanic service bays, and a touchless car wash.
Property Size15,505 SF
Lot Size1.64 Acres
Days on Market168
Property Features for 365 S Mckinley St
General Information
Standard status
Pending
Size
15,505 SF
Lot size
1.64 Acres
Additional Details
Business Included
Yes
Road Access
Yes
Service Bays
13
Listing Agency:
Turlington Real Estate Group
(919) 697-6905
Listed By:
Lucia Turlington · License #265256
(919) 697-6905
Source:
Exprealty
Added: Feb 12
Changed: Jul 10
Last Checked: Jul 30 at 11:26AM
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 Turlington Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale property combines self-storage and automotive services on a single site. It includes 80 mini storage units, 13 service bays with a mechanic shop, and a touchless car wash system identified as a LaserWash G5. Additional wash amenities include car wash vending, five vacuums, and three self-service wash bays. Most mechanic equipment is included in the sale, supporting a ready-to-operate automotive services footprint.
The property is an entire block in Coats, North Carolina with 300 feet of road frontage on McKinley St, with both sides road-facing. The road frontage length provides straightforward access for customers and tenants tied to both storage and wash/service activity.
For an owner-operator or buyer seeking an integrated automotive and storage setup, the existing mix of storage units and service bays can support day-to-day service and ancillary customer needs alongside the car wash operations. The combination of a fully described touchless system, self-service bays, vacuums, and included mechanic equipment helps reduce barriers to continuing automotive operations from the existing improvements.
The property is an entire block in Coats, North Carolina with 300 feet of road frontage on McKinley St, with both sides road-facing. The road frontage length provides straightforward access for customers and tenants tied to both storage and wash/service activity.
For an owner-operator or buyer seeking an integrated automotive and storage setup, the existing mix of storage units and service bays can support day-to-day service and ancillary customer needs alongside the car wash operations. The combination of a fully described touchless system, self-service bays, vacuums, and included mechanic equipment helps reduce barriers to continuing automotive operations from the existing improvements.
Key Highlights
- 1.64‑acre block‑scale commercial property with 300 ft road frontage on McKinley St, with road‑facing frontage on each side
- 80 mini storage units on site
- 13 service bays plus a mechanic shop, with most mechanic equipment included in the sale
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.9k | $7.80 |
| − Vacancy | −$6.3k | −$0.41 |
| EGI | $114.7k | $7.39 |
| − OpEx | −$34.4k | −$2.22 |
| NOI | $80.3k | $5.18 |
15,505 SF · lease $7.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.66M
$2.32M – $3.10M
NOI $185,868 @ 7.0% cap · market cap 15.49%
Second Best
Retail
$1.96M
$1.72M – $2.29M
NOI $137,347 @ 7.0% cap · market cap 11.45%
Theoretical Best
Office A
$3.38M
$2.95M – $3.94M
NOI $236,266 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 27521, NC
6,345
Population
2,896
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
80%
High-School Grad
26.0 sq mi
ZIP Area
244
Density / Sq Mi
$57,540
Median Household Income
$40,742
Median Earnings
$912
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Block-scale facility with mini storage units, mechanic service bays, and a touchless car wash.
Where is this self storage facility located?
The property is located at 365 S Mckinley St Coats, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1.64‑acre block‑scale commercial property with 300 ft road frontage on McKinley St, with road‑facing frontage on each side; 80 mini storage units on site; 13 service bays plus a mechanic shop, with most mechanic equipment included in the sale
