Automotive Service and Retail
906 N Breazeale Ave Mount Olive, NC 28365
906 N Breazeale Ave, Mount Olive, NC, 28365
$500,000
For Sale
$500,000
Flex-style automotive building on a .82-acre lot with concrete paving, reception/offices, and three rear roll-up bays.
Property Size3,118 SF
Lot Size0.82 Acres
Price / SF$160.36
Days on Market73
Property Features for 906 N Breazeale Ave
General Information
- Standard status
- Active
- Size
- 3,118 SF
- Lot size
- 0.82 Acres
Listing agency
Kornegay Realty
(919) 738-3982
Listed by
David Kornegay · License #165118
(919) 738-3982
Source
Exprealty
Added: May 11 Updated: Jul 21 at 8:59PM Checked: Jul 22 at 6:57AM
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 Kornegay Realty
Investment Insights
Based on property information with market context.
This for-sale flex-style automotive building includes a reception area, several offices, and two bathrooms inside. The rear provides three bays with roll-up garage doors for vehicle/service access. Built in 1987, the property sits on a .82-acre lot with substantial concrete paving.
The site is located on Breazeale Ave and is described as being in the busiest part of Mount Olive, NC, with approximately 11,500 cars per day passing the property. The prior use is noted as a car lot, and the layout may support other commercial uses depending on requirements.
The building totals 1,456 square feet of finished area plus 1,662 square feet of bay area, giving it a practical combination of front-office space and rear service bays.
The site is located on Breazeale Ave and is described as being in the busiest part of Mount Olive, NC, with approximately 11,500 cars per day passing the property. The prior use is noted as a car lot, and the layout may support other commercial uses depending on requirements.
The building totals 1,456 square feet of finished area plus 1,662 square feet of bay area, giving it a practical combination of front-office space and rear service bays.
Key Highlights
- .82‑acre commercial lot on Breazeale Ave with concrete paving and high traffic location in Mount Olive, NC
- Approx. 1,456 SF finished space with a reception area, several offices, and 2 bathrooms
- Three rear roll‑up garage bays for access from the rear
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 | $56.1k | $18.00 |
| − Vacancy | −$1.5k | −$0.47 |
| EGI | $54.7k | $17.53 |
| − OpEx | −$16.4k | −$5.26 |
| NOI | $38.3k | $12.27 |
3,118 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$2.03M
$1.78M – $2.37M
NOI $142,085 @ 7.0% cap · market cap 28.42%
Second Best
Retail
$546.6K
$478.3K – $637.8K
NOI $38,265 @ 7.0% cap · market cap 7.65%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,474 @ 7.0% cap · market cap 35.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex-style automotive building on a .82-acre lot with concrete paving, reception/offices, and three rear roll-up bays.
Where is this flex space located?
The property is located at 906 N Breazeale Ave Mount Olive, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: .82‑acre commercial lot on Breazeale Ave with concrete paving and high traffic location in Mount Olive, NC; Approx. 1,456 SF finished space with a reception area, several offices, and 2 bathrooms; Three rear roll‑up garage bays for access from the rear
