Net-Lease Auto Parts
507 West State Street Black Mountain, NC 28711
New
507 West State Street, Black Mountain, NC, 28711
Contact for pricing
For Sale
Contact for pricing
Investment-grade net lease property occupied by O'Reilly Auto Parts.
Property Size6,349 SF
Price / SF$142.54
Days on Market7
Property Features for 507 West State Street
General Information
- Standard status
- Active
- Size
- 6,349 SF
- Property subtype
- Retail
Listing Agency
Matthews
Listed by
Connor Knauer · License #413436
Source
Crexi
Added: Jul 15 Updated: Jul 20 at 4:12 am Checked: Jul 20 at 4:12 am
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 Matthews
Investment Insights
Based on property information with market context.
This single-tenant, net-leased automotive retail building is occupied by O'Reilly Auto Parts. The offering is structured as an investment-grade net lease, designed for buyers seeking a long-term, income-focused asset.
The property is located at 507 West State Street in Black Mountain, North Carolina.
The property is located at 507 West State Street in Black Mountain, North Carolina.
Key Highlights
- Investment‑grade net lease property occupied by O'Reilly Auto Parts
- Offered with a 6.75% cap rate (as stated in the remarks)
Local Financial Insights For Retail
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 | $108.2k | $17.04 |
| − Vacancy | −$1.8k | −$0.29 |
| EGI | $106.3k | $16.75 |
| − OpEx | −$31.9k | −$5.03 |
| NOI | $74.4k | $11.73 |
6,349 SF · lease $17.04/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$930.5K – $1.24M
NOI $74,443 @ 7.0% cap · market cap 8.23%
Second Best
Industrial
$632.1K
$553.1K – $737.4K
NOI $44,244 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,535 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
O'Reilly Auto Parts
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Shifty's Transmissions — 410 Blue Ridge Rd, Black Mountain, NC 28711
- Clements Automotive — 561 Blue Ridge Rd, Black Mountain, NC 28711
- Hall's Towing & Recovery — 410 Blue Ridge Rd, Black Mountain, NC 28711
- Koppinger Euro Service — 1196 Old US Hwy 70, Black Mountain, NC 28711
- German Motor Performance — 8 Julian Dr, Black Mountain, NC 28711
FAQs
What type of property is this?
Auto shop - Investment-grade net lease property occupied by O'Reilly Auto Parts.
Where is this auto shop located?
The property is located at 507 West State Street Black Mountain, NC.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: Investment‑grade net lease property occupied by O'Reilly Auto Parts; Offered with a 6.75% cap rate (as stated in the remarks)
