Building Details

Building Size 4,908 SF

Buildings 2

Stories 1

Tenancy Single

Listed By: Brandon LaVallee Show Phone

Source: Reedycommercial

Added: Jun 25 Changed: Oct 2 Last Checked: Oct 16 at 6:43AM

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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 Brandon LaVallee

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Investment Insights

Based on property information with market context.

This auto shop property comprises two single-story buildings with approximately 4,908 SF of combined area. The improvements sit on a 0.63-acre parcel and carry Light Industrial (LI) zoning, with an auto service tenant already in place.

The property is positioned on US Highway 311, also identified as Main St, in Walkertown, North Carolina. Highway frontage and exposure provide a direct presence along the corridor. The combination of two buildings, existing automotive occupancy, site acreage, and LI zoning defines the asset’s current commercial configuration.

Key Highlights

• Two single‑story buildings totaling approximately 4,908 SF
• 0.63 AC site
• Light Industrial (LI) zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,937

Cap Rate

5.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$518,740 $518.7K

Cap Rate 7%

$370,529 $370.5K

Cap Rate 9%

$288,189 $288.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,908 SF

Gross rent

$39.5K $8.04/SF

− Vacancy

−$2.4K −$0.49/SF

EGI

$37.1K $7.55/SF

− OpEx

−$11.1K −$2.26/SF

NOI

$25.9K $5.28/SF

Area

Forsyth County, NC

Vacancy

6.10%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$518,740

Cap Rate 7%

$370,529

Cap Rate 9%

$288,189

Alternative Uses

Best Use

Retail

$767.9K

$671.9K – $895.9K (±1% cap)

NOI $53,753 @ 7.0% cap · market cap 10.77%

Second Best

Industrial

$370.5K

$324.2K – $432.3K (±1% cap)

NOI $25,937 @ 7.0% cap · market cap 5.20%

Theoretical Best

Specialty Retail

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,754 @ 7.0% cap · market cap 17.79%

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

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Furniture & Home Goods Building Supply HVAC Service

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

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

8k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

BP Shops & Services

5,755 visits/mo 0.4 miles

Quality Mart Shops & Services

1,825 visits/mo 0.4 miles

Demographics for 27051, NC

8,195

Population

3,365

Households

2.4

Avg Household Size

42

Median Age

25%

College-Educated

88%

High-School Grad

18.3 sq mi

ZIP Area

448

Density / Sq Mi

$70,825

Median Household Income

$42,900

Median Earnings

$1,151

Median Rent

$193,900

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 Off Market Nearby

• Summit Automotive, LLC — 2414 Old Hollow Rd, Walkertown, NC 27051
• Stoltz Automotive & Tire — 4861 New Walkertown Rd, Walkertown, NC 27051
• ATM (Beroth Oil 4-Brothers) — 5115 Main St, Walkertown, NC 27051
• Bobby Williams Automotive — 5298 Main St, Walkertown, NC 27051
• B & B Auto Services — 5298 Main St, Walkertown, NC 27051

Frequently Asked Questions

What type of property is this?

Auto shop - The property includes an in-place auto service tenant and Light Industrial zoning.

Where is this auto shop located?

The property is located at 5326 Main St Walkertown, NC.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Two single‑story buildings totaling approximately 4,908 SF; 0.63 AC site; Light Industrial (LI) zoning