946 Chapman St Greensboro, NC 27403
- Commercial real estate
- 4,218 SF
- 0.25 lot acres
Current Use by Public Records
- Hot Rides & Cool Cars / Auto Repair Shop / Auto Body Shop
- KeySource, Inc. / Locksmith / Auto Parts Store
- Next Gen Automotive LLC / Auto Repair Shop
Property Details for 946 Chapman St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Property size
- 4,218 SF
- Zone code
- C-M
- Property type
- Commercial real estate
- APN
- 15738
- APU
- 15738
Description
This Greensboro, NC commercial property presents a compelling investment opportunity. Located at 946 S Chapman St, this single-tenancy auto shop boasts 4,218 square feet on a 0.25-acre lot. The building, constructed in 1950, features a 2,898 square foot conditioned warehouse and a 1,320 square foot office/showroom area, complete with two convenient drive-in doors. The property is situated in a prime location between Gate City Blvd and Spring Garden Rd, offering excellent proximity to I-40 for easy access. Its strategic location also places it within walking distance of the Greensboro Coliseum and Aquatic Center, ensuring high visibility and accessibility. Currently operating under a NNN lease expiring December 30, 2027, the property offers a strong 8.00% cap rate with a Net Operating Income (NOI) of $61,414 and an asking price of $767,676. This Class C retail property represents a solid investment for discerning buyers seeking a well-located, established business in a thriving area. The one-story building provides ample space for a variety of automotive-related businesses or adaptable uses. This is a rare opportunity to acquire a well-positioned property with a proven track record in a high-traffic area of Greensboro.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $475,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $505,000
- Geo Method
- $525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $485,000
- Mixed-Use
- $460,000
- Hospitality
- $400,000
- Educational
- $525,000
- Residential Income
- $515,000
- Energy
- $490,000
- Income-Based Land
- $480,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8241
- Latitude
- 36.0624
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
