Listing Agency: Cottonwood Commercial LLC Show Phone

Listed By: Chad Dunham · License #0225266331 Show Phone

Source: Raycaddellrealestate

Added: Jul 16 Changed: Oct 19 Last Checked: Oct 20 at 8:21PM

Report an Issue

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 Cottonwood Commercial LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This auto shop includes approximately 3,730 square feet of building area configured for mechanical service, repair, maintenance, woodworking, storage, and related workshop functions. Improvements include a 3-ton hoist, two-beam hoist lifts, a mechanic service pit measuring 5 feet 5 inches deep, and 14-foot-7-inch clear height. Vehicle access is provided by one 14-foot-tall by 14-foot-wide door and two 14-foot-tall by 16-foot-wide ground-level doors.

The building has three-phase electrical service and limited parking. Water and electric service are identified as included with the gross lease structure described in the property information. Additional space may be available, and some equipment and materials may be available for separate purchase.

Key Highlights

• Approximately 3,730 SF auto shop building
• 3‑ton hoist and two‑beam hoist lifts
• One 14’ tall x 14’ wide door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,491

Suggested Prices Based on Cap Rates

Cap Rate 5%

$429,820 $429.8K

Cap Rate 7%

$307,014 $307.0K

Cap Rate 9%

$238,789 $238.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,730 SF

Gross rent

$34.9K $9.36/SF

− Vacancy

−$1.9K −$0.50/SF

EGI

$33.1K $8.86/SF

− OpEx

−$11.6K −$3.10/SF

NOI

$21.5K $5.76/SF

Area

Rockingham County, VA

Vacancy

5.30%

Lease Rate

$9.36 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$429,820

Cap Rate 7%

$307,014

Cap Rate 9%

$238,789

Alternative Uses

Best Use

Retail

$687.7K

$601.7K – $802.3K (±1% cap)

NOI $48,138 @ 7.0% cap · market cap 4,813,800.00%

Second Best

Industrial

$320.6K

$280.5K – $374.0K (±1% cap)

NOI $22,442 @ 7.0% cap · market cap 2,244,200.00%

Theoretical Best

Office A

$1.12M

$983.6K – $1.31M (±1% cap)

NOI $78,688 @ 7.0% cap · market cap 7,868,800.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Restaurant Hotel & Motel Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

1

Drive-in doors

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 22840, VA

4,524

Population

3,642

Households

1.2

Avg Household Size

44

Median Age

45%

College-Educated

92%

High-School Grad

31.4 sq mi

ZIP Area

144

Density / Sq Mi

$93,580

Median Household Income

$52,134

Median Earnings

$1,536

Median Rent

$355,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Medical Office Space with Exam Rooms

9982 SPOTSWOOD TRL, Mcgaheysville, VA 22840

Contact for pricing

3,300 SF

View details

Bank Space with Drive-Through Access

9972 SPOTSWOOD TRL, Mcgaheysville, VA 22840

Contact for pricing

3,000 SF

View details

Frequently Asked Questions

What type of property is this?

Auto shop - Workshop property with multiple vehicle-access doors, three-phase power, and a mechanic service pit.

Where is this auto shop located?

The property is located at 9875 CAVE HILL RD Unit Old Farm Shop Old Farm Shop Mcgaheysville, VA.

What are key features of this property?

This property features: Approximately 3,730 SF auto shop building; 3‑ton hoist and two‑beam hoist lifts; One 14’ tall x 14’ wide door