Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fully Leased Automotive Center Title is generated by Realmo AI

    8940 S Tryon St, Charlotte, NC 28273

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Single-tenant retail automotive center in Charlotte, North Carolina.

    Type:Retail
    Property size:
    4,685 SF
    Added:
    Aug 14, 2024
    Days on Market:
    660
    Last Refresh:
    May 12 at 9:37 pm

    Property Features for 8940 S Tryon St

    General Information

    Standard status
    Active
    Size
    4,685 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Roosevelt Saint Louis

    Listing agent Roosevelt Saint Louis License #NC 278074

    Listing office Saint Louis Properties Carolinas, LLC

    Listing date Aug 14, 2024

    Source Crexi

    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 Saint Louis Properties Carolinas, LLC

    HighLights

    • Fully leased property provides immediate and stable income.
    • Long‑term tenant (Eurofed Automotive) ensures consistent revenue stream.
    • Recent significant renovation in 2024 enhances property value and appeal.
    • Located on high‑traffic Tryon Street in Charlotte, offering excellent visibility.
    • Tenant is an established auto repair center with multiple locations.
    • Property is a well‑constructed single‑tenant retail automotive center.

    Overview

    The property at 8940 South Tryon Street, Charlotte, North Carolina, is a 4,685 square foot inline center. It is located on Tryon Street, near retailers such as Dunkin Donuts and QuikTrip. The property is fully leased to Eurofed Automotive, an auto repair center specializing in high-quality auto repair services and maintenance for European cars, including Mercedes Benz, Porsche, Audi, and BMW. Eurofed Automotive has three locations in the Charlotte Region and over 20 locations throughout the United States. The property underwent a significant renovation in 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eurofed Automotive Auto Repair Shop NTB-National Tire & Battery (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Andino's Tire Services — 2226 W Arrowood Rd, Charlotte, NC 28217
    • Walmart Auto Care Centers — 8180 S Tryon St, Charlotte, NC 28273
    • Terry's A1 Auto Repairs — 2217 Contemporary Pl, Charlotte, NC 28217
    • Mobile 24 Hour Truck Repair — 2610 w arrowood rd, charlotte, nc 28273
    • Silver Express — 7705 S Tryon St STE A, Charlotte, NC 28217

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.938629
    Latitude
    35.136434

    Nearby Similar for Sale

    • $523,900

      University City Office Investment Package

      Tenant-occupied office condos in University City, great investment opportunity.
      1913 J N Pease Place, Charlotte, NC 28262
      View Details
    • $579,000
      1,650 SF

      South Charlotte Office/Warehouse Space

      End-unit office/warehouse near HWY-77 & HWY-485 interchange.
      362 Crompton Street, Charlotte, NC 28273
      View Details
    • $1,150,000

      Versatile Condo in Prime Location

      Two-level commercial space suitable for various professional or medical uses.
      5808 Monroe Road, Charlotte, NC 28212
      View Details
    • $2,500,000
      3,126 SF

      Retail Buildings in Charlotte, NC

      Two retail buildings on 0.733 acres in Charlotte, NC.
      2934 & 2938 Shamrock Drive, Charlotte, NC 28205
      View Details
    • $440,000
      1,800 SF

      East Charlotte Duplex Investment Opportunity

      Well-maintained duplex in East Charlotte with income potential.
      2929 Amity Garden Court, Charlotte, NC 28205
      View Details
    • $899,000

      Corner Lot Duplex Townhomes

      Two townhouse-style units each offer rear yard space and separate driveways on a corner lot.
      1301 Bywood Lane, Charlotte, NC 28209
      View Details
    • $794,900
      4,010 SF

      New Construction Duplex in Charlotte

      New construction duplex with modern amenities and convenient location.
      339 & 343 Gray Drive, Charlotte, NC 28213
      View Details
    • $525,000

      Commercial Opportunity Near Uptown Charlotte

      Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
      738 Pierson Drive, Charlotte, NC 28205
      View Details
    • $375,000
      1,078 SF

      Charlotte Commercial Unit For Sale

      Commercial unit in Charlotte business park, suitable for office/commercial use.
      2915 Robin Road, Charlotte, NC 28211
      View Details
    • $349,900

      Acre Lot Multifamily Opportunity

      Multifamily property on a large lot backing Ribbonwalk Park.
      4019 Durham Lane, Charlotte, NC 28269
      View Details
    • $650,000

      New Construction Duplex Near Uptown

      New construction ranch-style duplex, ideal for investment or owner-occupancy.
      6016/6020 Paw Creek Road, Charlotte, NC 28214
      View Details
    • $549,900

      All-Brick Duplex with Privacy Yard

      All-brick two-unit duplex with separate patios, a privacy-fenced yard, and one fully remodeled unit.
      1735-1737 Herrin Avenue, Charlotte, NC 28205
      View Details

    FAQs

    What type of property is this?
    Auto shop - Single-tenant retail automotive center in Charlotte, North Carolina.
    Where is this auto shop located?
    The property is located at 8940 S Tryon St Charlotte, NC.
    What are key features of this property?
    This property features: Fully leased property provides immediate and stable income.; Long‑term tenant (Eurofed Automotive) ensures consistent revenue stream.; Recent significant renovation in 2024 enhances property value and appeal.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roosevelt Saint Louis
    Real Estate License ID: NC 278074
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    8940 S Tryon St, Charlotte, NC 28273
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!