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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Auto shops
1105 Spartanburg Hwy Hendersonville, NC 28792-5826
Entity Owned
19-yr Hold
Free & Clear
Property ID
US53-1288084
Property summary
AI-generated overview
This 8,610-square-foot retail building, currently configured as an auto shop, sits on a 1.28-acre lot in Hendersonville, North Carolina. Located at 1105 Spartanburg Highway (US 176), this property enjoys high visibility on a five-lane road serving as a major gateway to downtown Hendersonville, connecting to I-26, Upward Road, and Flat Rock. The property features abundant parking at both the front and rear, eight roll-up bays, four detail bays, a showroom, and offices. The level lot is outside the floodplain. The building was constructed in 1967 and is zoned C-3. The property consists of two commercial lots (APN: 9578320864 & 9578229765) in Henderson County. Fixtures are not included in the sale but are negotiable. Credit qualification is required, and lease terms are flexible. The property is currently offered for sale at $1,850,000 and will be transferred to M and M Travels, LLC (a Montana LLC) via a partnership agreement prior to closing. Note that the adjacent property (Slide 2005-5590) is not included in this offering. A current tenant occupies the space rent-free until the property is sold or leased.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1967
Total area
8,550 SF
Lot
0.85 ac (37,026 SF)
Zoning code
9906370~C-3
APN
9578320864
UPID
US53-1288084
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Scot King Auto Sales & Service Center Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$385k
Owner & transaction history
Cars America LLC · 19 yrs held
Cars America LLC
since 2007
1 recorded transaction
Zoning & alternative use
9906370~C-3 · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,135,000
Current use
INDUSTRIAL (GENERAL)
$1,055,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$385k
Range $347k – $424k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$45 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$766,100
Assessed 2024
Previous assessed
$766,100
+0.0% YoY
Assessed land
$444,300
Assessed improvement
$321,800
Land market value
$444,300
Improvement market value
$321,800
Total market value
$766,100
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1967
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
8,550 SF
Lot
0.85 ac (37,026 SF)
Zoning code
9906370~C-3
APN
9578320864
UPID
US53-1288084
Jurisdiction
HENDERSON
Zoning & alternative use
9906370~C-3 · Hendersonville, NCZoning 9906370~C-3 · permitted uses
9906370~C-3 · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Cars America LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1105 SPARTANBURG HWY, HENDERSONVILLE, NC 28792-5826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2007
—
Cars America LLC
Grose,p H
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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