Building Details

Year Built 1960

Listing Agency: Keller Williams Pinehurst

Listed By: Angela Thompson Group · License #269056 Show Phone

Source: Augustaaikenhomefinder

Added: Oct 29 Changed: Nov 1 Last Checked: Nov 1 at 3:21PM

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Investment Insights

Based on property information with market context.

Configured for automotive use, this 1,984-square-foot property includes retail or office space and a one-bedroom living area. A detached garage provides two service bays, an automotive lift, and an overhead door with additional height. The building dates to 1960 and is zoned B-1.

The property is along Highway 690 in Vass, North Carolina. Its mix of customer-facing space, living quarters, and automotive service features brings several functions together on one site.

Key Highlights

• 1,984‑square‑foot building, constructed in 1960
• Zoned B‑1
• Retail or office space and a 1‑bedroom living area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,281

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,620 $325.6K

Cap Rate 7%

$232,586 $232.6K

Cap Rate 9%

$180,900 $180.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,984 SF

Gross rent

$27.9K $14.04/SF

− Vacancy

−$4.6K −$2.32/SF

EGI

$23.3K $11.72/SF

− OpEx

−$7.0K −$3.52/SF

NOI

$16.3K $8.21/SF

Area

Moore County, NC

Vacancy

16.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,620

Cap Rate 7%

$232,586

Cap Rate 9%

$180,900

Alternative Uses

Best Use

Retail

$232.6K

$203.5K – $271.4K (±1% cap)

NOI $16,281 @ 7.0% cap · market cap 5.43%

Second Best

Industrial

$170.3K

$149.1K – $198.7K (±1% cap)

NOI $11,924 @ 7.0% cap · market cap 3.97%

Theoretical Best

Specialty Retail

$378.0K

$330.8K – $441.1K (±1% cap)

NOI $26,463 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

B & L Auto ... Auto Parts Store

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Hair Salon (Bike/Boat/Book/etc) Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

6k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,675 visits/mo 0.2 miles

Demographics for 28394, NC

5,559

Population

2,383

Households

2.3

Avg Household Size

40

Median Age

35%

College-Educated

86%

High-School Grad

41.3 sq mi

ZIP Area

135

Density / Sq Mi

$87,407

Median Household Income

$41,213

Median Earnings

$1,130

Median Rent

$275,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Rail-Adjacent Industrial Building

340 Seaboard Street, Vass, NC 28394

$595,000

20,000 SF

View details

Vass Mixed-Use Commercial Property

3737 US-1, Vass, NC 28394

Contact for pricing

23,000 SF

View details

Similar Off Market Nearby

• Gibson's Auto Body & Paint — 1040 McPherson Rd, Vass, NC 28394

Frequently Asked Questions

What type of property is this?

Auto shop - Retail and office areas accompany a one-bedroom living space and a separate service garage.

Where is this auto shop located?

The property is located at 4420 Lobelia Rd Vass, NC.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 1,984‑square‑foot building, constructed in 1960; Zoned B‑1; Retail or office space and a 1‑bedroom living area