Automotive Garage and Office
For Sale
$850,000
928 S Battleground Avenue, Kings Mountain, NC 28086
Four-bay garage with 2-post lifts, serviced air lines, fenced yard, and office support for automotive service operations.
Property Size2,264 SF
Lot Size1.00 Acre
Price / SF$375.44
Days on Market55
Property Features for 928 S Battleground Avenue
General Information
Standard status
Active
Size
2,264 SF
Lot size
1.00 Acre
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Service Bays
4
Amenities
Corner Lot
Metal Roof
Concrete Flooring
Natural Gas Heating
Building Details
Year Built
2014
Listing Agency:
DIANE LEDBETTER REAL ESTATE
(704) 481-7523
Listed By:
DIANE LEDBETTER · License #181896
Source:
Corcoran
Added: Jun 25
Changed: Aug 15
Last Checked: Aug 18 at 5:22AM
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 DIANE LEDBETTER REAL ESTATE
Investment Insights
Based on property information with market context.
The property includes a main automotive garage with four bays, three of which are equipped with automotive two-post lifts, including two newly installed lifts. The building is insulated and features gas heat, city sewer, city water, and Duke Energy for electric service. Inside, there is a full bath with a walk-in shower and a kitchen area with only a refrigerator. The garage is supported by air infrastructure to each bay, including the air compressor that remains, air hose reels, and an outside air hose reel, along with a large exhaust fan. Operational equipment includes a tire balancer and tire changer. Lighting is LED with dusk-to-dawn fixtures.
The site is improved with fencing around the building, new gravel in the parking lot and along the sides of the building, and recent exterior updates including new gutters and exterior doors. Outside water is provided at both ends of the building, with exterior lighting and cameras. A separate small office-type building is included, with a wall-mounted air unit and no heat. The property is located at 928 S Battleground Avenue in Kings Mountain, NC. A railroad easement runs behind the building, and the deed reflects 2.77 acres with a 200-foot right of way for the railroad; the seller indicates approximately 1 acre remains, with construction restricted from easement areas.
This configuration is well suited to an automotive repair, maintenance, or tire service operation that benefits from lift capacity, ready-to-use compressed air distribution, and an exhaust setup already in place. The fenced site, updated exterior finishes, and outside water access support day-to-day servicing activities, while the separate office building can accommodate administrative needs for the business. Any expansion plans should account for the railroad easement restrictions noted by the seller.
The site is improved with fencing around the building, new gravel in the parking lot and along the sides of the building, and recent exterior updates including new gutters and exterior doors. Outside water is provided at both ends of the building, with exterior lighting and cameras. A separate small office-type building is included, with a wall-mounted air unit and no heat. The property is located at 928 S Battleground Avenue in Kings Mountain, NC. A railroad easement runs behind the building, and the deed reflects 2.77 acres with a 200-foot right of way for the railroad; the seller indicates approximately 1 acre remains, with construction restricted from easement areas.
This configuration is well suited to an automotive repair, maintenance, or tire service operation that benefits from lift capacity, ready-to-use compressed air distribution, and an exhaust setup already in place. The fenced site, updated exterior finishes, and outside water access support day-to-day servicing activities, while the separate office building can accommodate administrative needs for the business. Any expansion plans should account for the railroad easement restrictions noted by the seller.
Key Highlights
- 2014‑built four‑bay garage with 2‑post automotive lifts; 3 bays have lifts and 2 lifts are new
- Serviced with air lines to each bay plus air hose reels and an outside air hose reel; includes air compressor
- Includes automotive equipment: tire balancer, tire changer, and a large exhaust fan
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
$27,129
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
3.19%
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%
$542,580
$542.6K
Cap Rate 7%
$387,557
$387.6K
Cap Rate 9%
$301,433
$301.4K
Market Conditions
NOI Build-Up for 2,264 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
$40.8K $18.00/SF
− Vacancy
−$2.0K −$0.88/SF
EGI
$38.8K $17.12/SF
− OpEx
−$11.6K −$5.14/SF
NOI
$27.1K $11.98/SF
Area
Cleveland County, NC
Vacancy
4.90%
Lease Rate
$18.00 /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%
$542,580
Cap Rate 7%
$387,557
Cap Rate 9%
$301,433
Alternative Uses
Best Use
Retail
$387.6K
$339.1K – $452.2K
NOI $27,129 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$196.2K
$171.7K – $228.9K
NOI $13,735 @ 7.0% cap · market cap 1.62%
Theoretical Best
Office A
$575.0K
$503.1K – $670.8K
NOI $40,247 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28086, NC
27,641
Population
11,307
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
83%
High-School Grad
90.5 sq mi
ZIP Area
305
Density / Sq Mi
$56,079
Median Household Income
$37,758
Median Earnings
$879
Median Rent
$181,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mr. Tire Auto Service Centers — 407 S Battleground Ave, Kings Mountain, NC 28086
- Ronald's Garage — 904 S Battleground Ave, Kings Mountain, NC 28086
- Kitts Towing and Recovery — 114 raven cir, kings mountain, nc 28086
- Kitts Mobile Mechanic™️ — 114 raven cir, kings mountain, nc 28086
Frequently Asked Questions
What type of property is this?
Auto shop - Four-bay garage with 2-post lifts, serviced air lines, fenced yard, and office support for automotive service operations.
Where is this auto shop located?
The property is located at 928 S Battleground Avenue Kings Mountain, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2014‑built four‑bay garage with 2‑post automotive lifts; 3 bays have lifts and 2 lifts are new; Serviced with air lines to each bay plus air hose reels and an outside air hose reel; includes air compressor; Includes automotive equipment: tire balancer, tire changer, and a large exhaust fan
