Freestanding Automotive Service
New
For Sale
$339,000
4143 Duff Drive, Hudson, NC 28638
Highway business zoning supports automotive repair use in a freestanding service facility.
Property Size4,000 SF
Price / SF$84.75
Days on Market6
Property Features for 4143 Duff Drive
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Zoning
Highway business
Property Condition
Severity
Minor
Evidence
in need of repair
Amenities
office
bathroom
lift
Cleared
Concrete Flooring
Building Details
Year Built
1974
Buildings
2
Construction
steel framed
Listing Agency:
BAKER REALTY
(828) 726-0003
Listed By:
JULIAN BAKER · License #103327
Source:
Corcoran
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 19 at 8:30AM
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 BAKER REALTY
Investment Insights
Based on property information with market context.
Built in 1974, this steel-framed automotive service building provides approximately 4,000 square feet for repair-related operations. The main structure includes four 12-by-14-foot garage doors, an office, and a bathroom. A lift and heating system are present; the heat requires connection to gas, according to the tenant. An additional building is located on the property and requires repair.
The property is in the Sawmills area, with proximity to Hudson, Lenoir, and Hickory, North Carolina. Highway business zoning allows automotive repair business use, and the site includes parking described as adequate for a large operation.
The property is in the Sawmills area, with proximity to Hudson, Lenoir, and Hickory, North Carolina. Highway business zoning allows automotive repair business use, and the site includes parking described as adequate for a large operation.
Key Highlights
- Approximately 4,000‑square‑foot steel‑framed automotive service building
- Four 12 x 14 garage doors in the main building
- Highway business zoning allows automotive repair business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,240
$441.2K
Cap Rate 7%
$315,171
$315.2K
Cap Rate 9%
$245,133
$245.1K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$32.2K $8.04/SF
− Vacancy
−$643 −$0.16/SF
EGI
$31.5K $7.88/SF
− OpEx
−$9.5K −$2.36/SF
NOI
$22.1K $5.52/SF
Area
Caldwell 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,240
Cap Rate 7%
$315,171
Cap Rate 9%
$245,133
Alternative Uses
Best Use
Retail
$574.8K
$503.0K – $670.6K
NOI $40,236 @ 7.0% cap · market cap 11.87%
Second Best
Industrial
$315.2K
$275.8K – $367.7K
NOI $22,062 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,686 visits/mo
0.3 miles
Discount Tire Store
Shops & Services
1,555 visits/mo
0.3 miles
Demographics for 28638, NC
11,880
Population
4,961
Households
2.4
Avg Household Size
44
Median Age
19%
College-Educated
84%
High-School Grad
20.0 sq mi
ZIP Area
594
Density / Sq Mi
$58,914
Median Household Income
$36,330
Median Earnings
$693
Median Rent
$174,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Bolick's Tire — 4010 US 321-A Alt, Hudson, NC 28638
- Speedway Small Engine — 4409 sawmills school rd, granite falls, nc 28630
- Buchanan Auto Center — 4407 Sawmills School Rd, Granite Falls, NC 28630
- Impressive Auto Collision Repair Center — 1956 Jody Dr, Hudson, NC 28638
- J&D Autoworx — 4472 Rual Dr, Granite Falls, NC 28630
Frequently Asked Questions
What type of property is this?
Auto shop - Highway business zoning supports automotive repair use in a freestanding service facility.
Where is this auto shop located?
The property is located at 4143 Duff Drive Hudson, NC.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Approximately 4,000‑square‑foot steel‑framed automotive service building; Four 12 x 14 garage doors in the main building; Highway business zoning allows automotive repair business
