Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2517 Us Highway 158 Reidsville, NC 27320

    Sponsored
    For Sale
    $695,000

    Vacant 6,600 SF Auto Shop, NC

    Property size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This 6,600-square-foot vacant auto shop in Reidsville, North Carolina, is available for $695,000. Built in 2005, this fee-simple property sits on a 1.71-acre lot and features twelve service bays equipped with vehicle lifts, ideal for a full-service auto repair business. The building also includes office space and restrooms. The front area offers potential for conversion into showroom space or administrative offices. Located on US-158 (a future Interstate 785), this property benefits from its position in the Greensboro MSA, approximately 30 miles south. The area is known as an industrial hub, home to several major corporations. The property's previous owner operated a successful auto service business for seventeen years. While a lease is considered, a sale is preferred. The permitted zoning is commercial. The building is a single-unit structure with a metal construction. The asking price per square foot is $105.30.

    Property Features for 2517 Us Highway 158

    General Information

    Property type
    Automotive properties
    Square Feet
    6,600 SF
    Lot Size
    74,488 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Units
    1

    We can help!

    Listing Contact
    Donald Gilchrist
    Donald Gilchrist

    Learn more

    HighLights

    • 17‑year operational history.
    • Suitable for auto repair, oil changes, brakes, tire & auto sales.
    • Twelve service bays, two for larger vehicles.
    • Metal building construction.
    • Estate sale; lease possible, sale preferred.
    • Greensboro MSA location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.696048752184
    Latitude
    36.333723922686

    Nearby Similar for Sale

    • $569,500
      10.29 Acres

      Two Homes on 10 Acres

      Two homes on 10+ acres in Bethany community.
      613 Barker Rd, Reidsville, NC 27320
      View Details
    • $349,900
      Pending

      Downtown Reidsville Investment Opportunity

      Unique grandfathered apartments in revitalizing downtown Reidsville, near new casino.
      101 S Scales St, Reidsville, NC 27320
      View Details
    • $197,500
      0.23 Acres

      Four-Unit Property in Reidsville

      Four-unit property near downtown and major roadways, ideal for investors.
      105 N Franklin St, Reidsville, NC 27320
      View Details
    • $255,900
      9,730 SF

      Downtown Reidsville Office Investment

      Office building in revitalizing downtown Reidsville, near upcoming casino.
      220 S Scales St, Reidsville, NC 27320
      View Details
    • $289,900
      3,258 SF

      Reidsville Quadruplex Investment Opportunity

      Quadruplex in Reidsville with rental income potential.
      604 Wentworth St, Reidsville, NC 27320
      View Details
    • $269,900
      Pending

      Reidsville Quadplex with Rental History

      Quadplex in Reidsville, NC with strong rental income potential.
      510 Piedmont St, Reidsville, NC 27320
      View Details
    • $899,000
      11,870 SF

      Prime Commercial Corner in Reidsville

      High-traffic corner lot ideal for redevelopment in Reidsville, NC.
      524 S Scales St, Reidsville, NC 27320
      View Details
    • $325,000
      14,000 SF

      Reidsville Commercial Warehouse Opportunity

      Commercial warehouse in Reidsville with space for storage and operations.
      103 Harris St, Reidsville, NC 27320
      View Details
    • $225,000
      0.36 Acres

      Downtown Reidsville Office Building

      Versatile office/commercial building in downtown Reidsville with excellent street presence.
      112 S Main St, Reidsville, NC 27320
      View Details
    • $360,000

      Established RV Park Investment Opportunity

      10+ acre farm with permitted RV sites near major cities.
      Little Birds Ln, Reidsville, NC 27320
      View Details
    • $449,000

      Fully Leased Commercial Investment Property

      Brick-and-mortar commercial investment with excellent visibility and long-term market value.
      1315 Freeway Dr, Reidsville, NC 27320
      View Details
    • $795,000

      Reidsville Multifamily Investment Opportunity

      Multifamily property with long-term tenants, generating consistent returns.
      1404 Front St, Reidsville, NC 27320
      View Details

    FAQs

    What type of property is this?
    Automotive property - Vacant 6,600 SF Auto Shop, NC
    Where is this automotive property located?
    The property is located at 2517 Us Highway 158 Reidsville, NC.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 17-year operational history.; Suitable for auto repair, oil changes, brakes, tire & auto sales.; Twelve service bays, two for larger vehicles.
    Request Owner's contact information
    2517 Us Highway 158 Reidsville, NC 27320
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2517 Us Highway 158
    Reidsville, NC 27320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2517 Us Highway 158 Reidsville, NC 27320
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Donald Gilchrist
    Donald Gilchrist
    Real Estate License ID: NC 241055
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.