Midtown Automotive Shop For
1212 Battleground Ave Greensboro, NC 27408
1212 Battleground Ave, Greensboro, NC, 27408
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For Sale
Contact for pricing
4,800 SF Midtown automotive shop with office space.
Property Size4,800 SF
Price / SF$260.42
Days on Market711
Property Features for 1212 Battleground Ave
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Retail
Listing agency
Joubran Commercial Properties
Listed by
JJ Joubran, CCIM, SIOR · License #NC 198904
Source
Crexi
Added: Aug 12, 2024 Updated: Jul 6 at 8:22AM Checked: Jul 22 at 8:25AM
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 Joubran Commercial Properties
Investment Insights
Based on property information with market context.
Located in Midtown on Battleground Avenue, this 4,800 square-foot property includes 800 square feet of office space and 4,000 square feet of automotive shop space. The property is accessible from both Battleground Avenue and Grecade Street. It features visibility and signage opportunities and is located minutes from Downtown.
Key Highlights
- Excellent access and great visibility due to location on Battleground Avenue.
- 4,000 sf of automotive shop space.
- Convenient Midtown location with access off Battleground and Grecade.
Local Financial Insights For Office B
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 | $96.2k | $20.04 |
| − Vacancy | −$8.7k | −$1.80 |
| EGI | $87.5k | $18.24 |
| − OpEx | −$21.9k | −$4.56 |
| NOI | $65.7k | $13.68 |
4,800 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$937.9K
$820.6K – $1.09M
NOI $65,651 @ 7.0% cap · market cap 5.25%
Second Best
Retail
$775.0K
$678.1K – $904.2K
NOI $54,251 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,509 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grooming by Heather
Pet Grooming Service
Dirty Dogs Self ...
Pet Grooming Service
Similar For Sale Nearby
Similar Off Market Nearby
- Jeepguys.Com — 419 battleground ave, greensboro, nc 27401
- Cockman's Garage II — 418 Battleground Ave B, Greensboro, NC 27401
- Above All Towing Service — 253 N Greene St, Greensboro, NC 27401
- McCain Automotive — 300 Prescott St, Greensboro, NC 27401
- McCain Auto Glass — 300 Prescott St, Greensboro, NC 27401
FAQs
What type of property is this?
Auto shop - 4,800 SF Midtown automotive shop with office space.
Where is this auto shop located?
The property is located at 1212 Battleground Ave Greensboro, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Excellent access and great visibility due to location on Battleground Avenue.; 4,000 sf of automotive shop space.; Convenient Midtown location with access off Battleground and Grecade.
