Auto Shop with Service
New
For Sale
Contact for pricing
414 Herring Avenue E, Wilson, NC 27893
A freestanding commercial property with outdoor space and road frontage supports automotive service use.
Property Size1,682 SF
Days on Market5
Property Features for 414 Herring Avenue E
General Information
Standard status
Active
Size
1,682 SF
Property subtype
COMMERCIAL
Additional Details
Service Bays
1
Taxes and HOA fees
Annual Taxes
$1,399
Building Details
Building Size
1,682 SF
Year Built
1941
Listing Agency:
Green Valley Realty
Listed By:
Tracey Barnes · License #287705
(252) 218-6924
Source:
Dustinbennett
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:10PM
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 Green Valley Realty
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Investment Insights
Based on property information with market context.
This freestanding auto shop includes one service bay and outdoor space. Built in 1941, the property is located at 414 Herring Avenue E in Wilson, North Carolina.
Road frontage provides direct exposure along Herring Avenue E. The standalone configuration and exterior area are additional physical features of the property.
Road frontage provides direct exposure along Herring Avenue E. The standalone configuration and exterior area are additional physical features of the property.
Key Highlights
- One service bay
- Built in 1941
- Freestanding property with outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,277
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,540
$185.5K
Cap Rate 7%
$132,529
$132.5K
Cap Rate 9%
$103,078
$103.1K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$13.5K $8.04/SF
− Vacancy
−$270 −$0.16/SF
EGI
$13.3K $7.88/SF
− OpEx
−$4.0K −$2.36/SF
NOI
$9.3K $5.52/SF
Area
Wilson County, NC
Vacancy
2.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,540
Cap Rate 7%
$132,529
Cap Rate 9%
$103,078
Alternative Uses
Best Use
Retail
$249.3K
$218.2K – $290.9K
NOI $17,453 @ 7.0% cap · market cap 872.65%
Second Best
Industrial
$132.5K
$116.0K – $154.6K
NOI $9,277 @ 7.0% cap · market cap 463.85%
Theoretical Best
Office A
$403.7K
$353.2K – $471.0K
NOI $28,259 @ 7.0% cap · market cap 1,412.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Service bays
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Whites Tire Services of Wilson Inc — 501 Goldsboro St S, Wilson, NC 27893
- Quick Fix Tire & Auto Repair — 501 Mercer St SW, Wilson, NC 27893
- Well's Auto Repair — Wilson, NC 27893
- Public Tire Warehouse — 900 U.S. Hwy 301 N, Wilson, NC 27893
- Cox Body Shop of Wilson — 1501 Lipscomb Rd E, Wilson, NC 27893
Frequently Asked Questions
What type of property is this?
Auto shop - A freestanding commercial property with outdoor space and road frontage supports automotive service use.
Where is this auto shop located?
The property is located at 414 Herring Avenue E Wilson, NC.
What are key features of this property?
This property features: One service bay; Built in 1941; Freestanding property with outdoor space
