Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Automotive Repair Shop For Sale Title is generated by Realmo AI

    4001 Hicone Road, Greensboro, NC 27405

    View on Map
    Claim this Listing
    For Sale
    $849,900

    Turnkey automotive repair shop with loyal customer base and reputation.

    Type:Commercial
    Added:
    Nov 4, 2025
    Days on Market:
    215
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 4001 Hicone Road

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    MICHAEL JONES

    Listing agent MICHAEL JONES

    Listing office HOWARD HANNA ALLEN TATE SUMMERFIELD

    Listing date Nov 4, 2025

    Source Corcoran

    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 HOWARD HANNA ALLEN TATE SUMMERFIELD

    HighLights

    • Turnkey automotive repair shop with established loyal customer base and excellent reputation.
    • High‑traffic corner lot location with high visibility and surrounding commercial development.
    • Excellent opportunity to expand services and increase revenue.
    • New highways and transportation projects offer huge potential.
    • City water and sewer connections with county taxes.
    • Centrally located in Greensboro, NC, with great accessibility via I‑85 and I‑40.

    Overview

    This established automotive repair shop is available for sale on a high-traffic corner lot, offering high visibility and surrounded by commercial development. The business has an established and loyal customer base, along with an excellent reputation and reviews. This is a turnkey operation, presenting an opportunity to expand services and increase revenue. The property is located in Greensboro, North Carolina, which is centrally located and approximately 1.5 hours northeast of Charlotte. Situated at the intersection of Interstate-85 and Interstate-40, Greensboro provides accessibility throughout the state and the eastern seaboard. New highways and transportation projects are planned. The property has city water and sewer connections, but only pays county taxes. The owner is retiring, presenting an opportunity for a seasoned mechanic to own their own shop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robinson's Service Center Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Robinson's Service Center — 4001 Hicone Rd, Greensboro, NC 27405
    • Tello Tires — 5617 Summit Ave, Browns Summit, NC 27214

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7394
    Latitude
    36.1508

    Nearby Similar for Sale

    • $1,100,000
      4,800 SF

      Established Childcare Facility For Sale

      Long-established childcare facility in Greensboro with excellent visibility.
      1501 Upland Drive, Greensboro, NC 27405
      View Details
    • $725,000
      7,000 SF

      Greensboro Industrial Building with Offices

      7,000 SF industrial building with office and warehouse space.
      145 S Walnut Circle, Greensboro, NC 27409
      View Details
    • $475,000
      2,224 SF

      Downtown Greensboro Office Building For Sale

      Stand-alone office building in historic Fisher Park, Greensboro.
      510 Church Street, Greensboro, NC 27401
      View Details
    • $392,500
      2,772 SF

      Remodeled Medical Office Facility

      Move-in ready facility with flexible layout, multiple workspaces, and ample parking for professional and healthcare-related uses.
      2425 Randleman Road, Greensboro, NC 27406
      View Details
    • $280,000
      2,054 SF

      Greensboro Commercial Property For Sale

      Two-unit commercial property in Greensboro, ideal for office or retail.
      4929 W Market Street, Greensboro, NC 27407
      View Details
    • $274,900
      2,171 SF

      Unique Greensboro Commercial Property

      Unique property with industrial zoning and residential character.
      4316 Burlington Road, Greensboro, NC 27405
      View Details
    • $499,000
      2,008 SF

      Renovated Downtown Greensboro Commercial Building

      Rare opportunity for urban work space or residential conversion.
      312 Church Court, Greensboro, NC 27401
      View Details
    • $1,500
      1,009 SF

      Greensboro Office Space For Sale

      Mini office space with three offices and reception area.
      2606 Branchwood Drive, Greensboro, NC 27408
      View Details
    • $500
      162 SF

      Private Office Space Available

      Private office spaces available, utilities included, ideal for small businesses.
      2606 Branchwood Drive, Greensboro, NC 27408
      View Details
    • $600,000

      Car Lot with LI Zoning

      Zoned LI and currently operating as a car lot, offering a straightforward automotive yard setup on a high-traffic corridor.
      5216 Market Street, Greensboro, NC 27409
      View Details
    • $159,000
      1,625 SF

      Commercial Property on Bessemer Avenue

      Versatile commercial property with customization options and great visibility.
      3200 E Bessemer Avenue, Greensboro, NC 27405
      View Details
    • Sponsored
      $1,625,000
      5,270 SF

      1018 North Elm Street

      Three commercial properties for sale near Cone Health Hospital.
      1018 North Elm St, Greensboro, NC 27401
      View Details

    FAQs

    What type of property is this?
    Auto shop - Turnkey automotive repair shop with loyal customer base and reputation.
    Where is this auto shop located?
    The property is located at 4001 Hicone Road Greensboro, NC.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Turnkey automotive repair shop with established loyal customer base and excellent reputation.; High‑traffic corner lot location with high visibility and surrounding commercial development.; Excellent opportunity to expand services and increase revenue.
    (336) 485-1881
    We can help!
    Listing Contact
    MICHAEL JONES
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4001 Hicone Road, Greensboro, NC 27405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!