Automotive
New
For Sale
$1,299,000
810 E Dixie Dr, Asheboro, NC 27203
Automotive property offered for sale at an Asheboro commercial address.
Property Size8,296 SF
Price / SF$156.58
Days on Market2
Property Features for 810 E Dixie Dr
General Information
Standard status
Active
Size
8,296 SF
Property subtype
Auto Parts
Lease Type
NN
Additional Details
Cap Rate
6.25%
Amenities
Top Performing Store Nationally
Long Operational History
Minimal Landlord Responsibilities
Building Details
Building Size
8,296 SF
Listed By:
Cohen Brown · License #License(s): NY: 10401397573
(212) 430-5100
Source:
Marcusmillichap
Added: Sep 16
Last Checked: Sep 16 at 2:07PM
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 Cohen Brown
Investment Insights
Based on property information with market context.
This automotive property is offered for sale at 810 E Dixie Dr in Asheboro, North Carolina. The property information identifies the asset as a national store with a reported property size of 8,296.
Key Highlights
- National store property
- 8,296 reported property size
- 810 E Dixie Dr, Asheboro, NC 27203
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
$107,242
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
8.26%
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%
$2,144,840
$2.1M
Cap Rate 7%
$1,532,029
$1.5M
Cap Rate 9%
$1,191,578
$1.2M
Market Conditions
NOI Build-Up for 8,296 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
$157.3K $18.96/SF
− Vacancy
−$4.1K −$0.49/SF
EGI
$153.2K $18.47/SF
− OpEx
−$46.0K −$5.54/SF
NOI
$107.2K $12.93/SF
Area
Randolph County, NC
Vacancy
2.60%
Lease Rate
$18.96 /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%
$2,144,840
Cap Rate 7%
$1,532,029
Cap Rate 9%
$1,191,578
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.79M
NOI $107,242 @ 7.0% cap · market cap 8.26%
Second Best
Industrial
$472.1K
$413.1K – $550.8K
NOI $33,045 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,763 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 26%
Apparel 6%
Home Improvements & Furnishings 3%
Cook Out
Dining
30,575 visits/mo
0.2 miles
Dunkin' Donuts
Dining
17,563 visits/mo
0.4 miles
Truliant Federal Credit Union
Shops & Services
11,230 visits/mo
0.5 miles
Hardee's
Dining
10,667 visits/mo
0.4 miles
Dollar General
Shops & Services
9,980 visits/mo
0.4 miles
Demographics for 27203, NC
21,869
Population
9,937
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
22.5 sq mi
ZIP Area
972
Density / Sq Mi
$47,506
Median Household Income
$32,900
Median Earnings
$852
Median Rent
$141,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Enterprise Rent-A-Car — 901 E Dixie Dr, Asheboro, NC 27203
Frequently Asked Questions
What type of property is this?
Automotive property - Automotive property offered for sale at an Asheboro commercial address.
Where is this automotive property located?
The property is located at 810 E Dixie Dr Asheboro, NC.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: National store property; 8,296 reported property size; 810 E Dixie Dr, Asheboro, NC 27203
