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    946 Chapman St Greensboro, NC 27403

    Sponsored
    For Sale
    $767,676

    High-Cap Rate Auto Shop, Greensboro, NC

    Property size:
    4,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This Greensboro, NC commercial property presents a compelling investment opportunity. Located at 946 S Chapman St, this single-tenancy auto shop boasts 4,218 square feet on a 0.25-acre lot. The building, constructed in 1950, features a 2,898 square foot conditioned warehouse and a 1,320 square foot office/showroom area, complete with two convenient drive-in doors. The property is situated in a prime location between Gate City Blvd and Spring Garden Rd, offering excellent proximity to I-40 for easy access. Its strategic location also places it within walking distance of the Greensboro Coliseum and Aquatic Center, ensuring high visibility and accessibility. Currently operating under a NNN lease expiring December 30, 2027, the property offers a strong 8.00% cap rate with a Net Operating Income (NOI) of $61,414 and an asking price of $767,676. This Class C retail property represents a solid investment for discerning buyers seeking a well-located, established business in a thriving area. The one-story building provides ample space for a variety of automotive-related businesses or adaptable uses. This is a rare opportunity to acquire a well-positioned property with a proven track record in a high-traffic area of Greensboro.

    Property Features for 946 Chapman St

    General Information

    Property type
    Automotive properties
    Square Feet
    4,218 SF
    Class
    C
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1950
    Stories
    1

    HighLights

    • $767,676 asking price for this Greensboro, NC retail property.
    • 4,218 square foot auto shop with a 8.00% cap rate.
    • Property features 2,898 sq ft warehouse and 1,320 sq ft office/showroom; two drive‑in doors.
    • Located between Gate City Blvd and Spring Garden Rd, near I‑40, Greensboro Coliseum, and Aquatic Center.
    • Class C, single‑tenant, NNN lease expiring 12/30/2027; $61,414 NOI.
    • 0.25‑acre lot; 1‑story building built in 1950.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hot Rides & Cool ... Auto Repair Shop KeySource, Inc. Locksmith Next Gen Automotive ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.82379873
    Latitude
    36.06236213

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    FAQs

    What type of property is this?
    Automotive property - High-Cap Rate Auto Shop, Greensboro, NC
    Where is this automotive property located?
    The property is located at 946 Chapman St Greensboro, NC.
    What is the asking price?
    The asking price for this property is $767,676.
    What are key features of this property?
    This property features: $767,676 asking price for this Greensboro, NC retail property.; 4,218 square foot auto shop with a 8.00% cap rate.; Property features 2,898 sq ft warehouse and 1,320 sq ft office/showroom; two drive-in doors.
    (919) 888-1285
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    946 Chapman St Greensboro, NC 27403
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