Automotive Services and Storage
For Sale
$1,200,000
Pending
365 S Mckinley Street, Coats, NC 27521
COMMERCIAL - Coats, NC
Property Size15,505 SF
Lot Size1.64 Acres
Days on Market176
Property Features for 365 S Mckinley Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Corner Lot
Standard status
Pending
APN
0690-71-8578.000, 0690-71-7577.000, .31 AC HWY 55
Size
15,505 SF
Lot size
1.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1 LT 300X150 R M COATS LDBY DEED, PARCEL B CSX RAILROAD PC #C/165-D, .31 AC HWY 55 CSX RR PC C/165-D
Tax Annual Amount
8722
Legal Description
1 LT 300X150 R M COATS LDBY DEED, PARCEL B CSX RAILROAD PC #C/165-D, .31 AC HWY 55 CSX RR PC C/165-D
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Shingle, Metal
Listing Agency:
Turlington Real Estate Group
(910) 892-0463
Listed By:
Lucia Turlington · License #265256
(919) 697-6905
Added: Feb 11
Changed: Aug 4
Last Checked: Aug 6 at 5:06AM
MLS# 10145921
Copyright © 2026 Doorify MLS. 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 commercial property is offered as an entire block in Coats, featuring 80 mini storage units and 13 service bays with an on-site mechanic shop. It also includes a touchless car wash (LaserWash G5), car wash vending, five vacuums, and three self-service wash bays. The listing indicates that most mechanic equipment is included in the sale.
The site totals 1.64 acres and provides approximately 300 feet of road frontage on McKinley St, with each side road-facing.
The property combines storage and automotive service components within a single block, supporting a unified layout for mixed operations on the same site.
The site totals 1.64 acres and provides approximately 300 feet of road frontage on McKinley St, with each side road-facing.
The property combines storage and automotive service components within a single block, supporting a unified layout for mixed operations on the same site.
Key Highlights
- Own an entire block in Coats, NC with 1.64 acres and 300 ft of road frontage on McKinley St (both sides road facing)
- Includes 80 mini storage units
- Mechanic shop setup with 13 service bays
Financial Insights For Warehouse
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 | $126.5k | $8.16 |
| − Vacancy | −$6.1k | −$0.39 |
| EGI | $120.4k | $7.77 |
| − OpEx | −$18.1k | −$1.17 |
| NOI | $102.4k | $6.60 |
15,505 SF · lease $8.16/SF/yr · vacancy 4.80% · expense 15.00%
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
80
Residential units
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 - Commercial property on McKinley St with mini storage units, service bays, and a touchless car wash setup.
Where is this self storage facility located?
The property is located at 365 S Mckinley Street 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: Own an entire block in Coats, NC with 1.64 acres and 300 ft of road frontage on McKinley St (both sides road facing); Includes 80 mini storage units; Mechanic shop setup with 13 service bays
