Renovated Auto Shop with Tenant
For Sale
Contact for pricing
6213 Wilkinson Blvd, Belmont, NC 28012
Renovated facility configured for non-retail fleet body work.
Property Size22,674 SF
Price / SF$121.28
Days on Market8
Property Features for 6213 Wilkinson Blvd
General Information
Standard status
Active
Size
22,674 SF
Property subtype
INDUSTRIAL
Building Details
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
Whiteside Properties
(704) 763-9855
Listed By:
Brooks Whiteside
(704) 763-9855
Source:
Moodyscre
Added: Aug 24
Changed: Aug 30
Last Checked: Aug 30 at 7:31PM
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 Whiteside Properties
Investment Insights
Based on property information with market context.
Located at 6213 Wilkinson Blvd in Belmont, North Carolina, this 22,674-square-foot automotive facility was renovated in 2019 for Dent Wizard’s fleet-services body-work operations. The improvements support a non-retail automotive use and provide a purpose-built setting for vehicle service work.
The current lease runs through May 31, 2027, with one option extending the term through May 31, 2028. The property is offered with an existing tenant occupying the renovated facility.
The current lease runs through May 31, 2027, with one option extending the term through May 31, 2028. The property is offered with an existing tenant occupying the renovated facility.
Key Highlights
- 22,674‑square‑foot automotive facility
- Renovated in 2019 for Dent Wizard fleet‑services body work
- Configured for non‑retail automotive operations
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
$149,389
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
5.43%
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%
$2,987,780
$3.0M
Cap Rate 7%
$2,134,129
$2.1M
Cap Rate 9%
$1,659,878
$1.7M
Market Conditions
NOI Build-Up for 22,674 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
$225.8K $9.96/SF
− Vacancy
−$12.4K −$0.55/SF
EGI
$213.4K $9.41/SF
− OpEx
−$64.0K −$2.82/SF
NOI
$149.4K $6.59/SF
Area
Gaston County, NC
Vacancy
5.50%
Lease Rate
$9.96 /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%
$2,987,780
Cap Rate 7%
$2,134,129
Cap Rate 9%
$1,659,878
Alternative Uses
Best Use
Retail
$3.98M
$3.48M – $4.64M
NOI $278,360 @ 7.0% cap · market cap 10.12%
Second Best
Industrial
$2.13M
$1.87M – $2.49M
NOI $149,389 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$7.14M
$6.24M – $8.33M
NOI $499,554 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28012, NC
26,202
Population
11,511
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
92%
High-School Grad
27.3 sq mi
ZIP Area
960
Density / Sq Mi
$81,057
Median Household Income
$48,901
Median Earnings
$1,288
Median Rent
$324,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Renovated facility configured for non-retail fleet body work.
Where is this auto shop located?
The property is located at 6213 Wilkinson Blvd Belmont, NC.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 22,674‑square‑foot automotive facility; Renovated in 2019 for Dent Wizard fleet‑services body work; Configured for non‑retail automotive operations
