Four-Bay Auto Repair
7139 Wright Rd Thomasville, NC 27360
7139 Wright Rd, Thomasville, NC, 27360
$350,000
Pending
For Sale
$350,000
Pending
Newly renovated four-bay garage on 8.15 acres, suited for towing and repair operations.
Property Size2,220 SF
Lot Size8.15 Acres
Days on Market51
Property Features for 7139 Wright Rd
General Information
- Standard status
- Pending
- Size
- 2,220 SF
- Lot size
- 8.15 Acres
Listing agency
KEARNS & ASSOCIATES INC
(336) 798-3570
Listed by
Edward Kearns
(336) 798-3570
Source
Exprealty
Added: Jun 2 Updated: Jul 21 at 9:36PM Checked: Jul 21 at 9:36PM
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 KEARNS & ASSOCIATES INC
Investment Insights
Based on property information with market context.
The property is a newly renovated auto repair facility featuring a four-bay garage and a total of 2,220 square feet. The offering includes additional related items and a separate storage building, supporting day-to-day vehicle storage and equipment needs.
The site sits on 8.15 acres and is located about 2.7 miles from an I-85 exit in Thomasville, NC, providing convenient regional access for automotive and towing activities.
The seller is offering the property for sale, with willingness to lease and to consider owner financing as well.
The site sits on 8.15 acres and is located about 2.7 miles from an I-85 exit in Thomasville, NC, providing convenient regional access for automotive and towing activities.
The seller is offering the property for sale, with willingness to lease and to consider owner financing as well.
Key Highlights
- 4‑bay, newly renovated garage with 2,220 SF, set up for towing and repair operations
- Located on 8.15 acres for room to operate on‑site
- Separate storage building included with the property
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 | $40.0k | $18.00 |
| − Vacancy | −$1.1k | −$0.50 |
| EGI | $38.8k | $17.50 |
| − OpEx | −$11.7k | −$5.25 |
| NOI | $27.2k | $12.25 |
2,220 SF · lease $18.00/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$388.4K
$339.9K – $453.2K
NOI $27,189 @ 7.0% cap · market cap 7.77%
Second Best
Industrial
$184.0K
$161.0K – $214.7K
NOI $12,881 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$563.2K
$492.8K – $657.1K
NOI $39,427 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
C & D Woodworking
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Auto shop - Newly renovated four-bay garage on 8.15 acres, suited for towing and repair operations.
Where is this auto shop located?
The property is located at 7139 Wright Rd Thomasville, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4‑bay, newly renovated garage with 2,220 SF, set up for towing and repair operations; Located on 8.15 acres for room to operate on‑site; Separate storage building included with the property
