1863 Dixon Blvd Shelby, NC 28152-6901
Property profile & analytics
1863 Dixon Blvd Shelby, NC 28152-6901
- Auto shops
- 4,640 SF
- 1.35 lot acres
Property ID
US53-3298312
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Innovative Diagnostic Solutions / Auto Repair Shop / Vehicle Inspection Center
Property Details for 1863 Dixon Blvd
- Year built
- 1968
- Lot size
- 1.35 lot acres
- Property size
- 4,640 SF
- Zone code
- GB
- Property type
- Auto shops
- APN
- 22267
- APU
- 22267
Description
Exceptional investment opportunity: a 4,600 square foot auto shop in Shelby, NC, boasting a strong 7.00% cap rate and a brand new 10-year lease with Classic Collision, a reputable company operating over 310 locations. The property, located at 1863 E Dixon Blvd, sits on a 1.3-acre lot and benefits from a prime location on highly trafficked US-74 (40,500+ vehicles per day), ensuring high visibility and accessibility. The lease, commencing October 1, 2024, and expiring October 1, 2034, includes a corporate guarantee and built-in 2% annual rent increases, providing excellent protection against inflation. The asking price is $943,000, translating to $205 per square foot. The property's Net Operating Income (NOI) is $66,000. Built in 1968, this single-tenant property requires minimal landlord responsibilities. The lease includes three 5-year renewal options. The property enjoys excellent proximity to numerous dealerships (Renaldo Honda, Kia, Discovery Nissan, Classic Ford Lincoln, Marburger Chrysler Dodge Jeep RAM), a regional shopping mall, and national retailers (McDonald's, Sunbelt Rentals, Hobby Lobby, Advance Auto Parts, Sherwin Williams, Harbor Freight), as well as Cleveland Community College. Furthermore, a significant development project, Blanton Farm, is underway, adding hundreds of residential units and commercial/industrial spaces along US-74, promising future growth and increased property value. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $960,000
- ML approach
- $865,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $543,000
Market price range: $173k - $960k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $570,000 Current use
- COMMERCIAL (GENERAL)
- $1,105,000 Change: +94% Conversion: Moderate
- MEDICAL BUILDING
- $640,000 Change: +12% Conversion: Difficult
- OFFICE BUILDING
- $615,000 Change: +8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.4877
- Latitude
- 35.2696
- CBSA code
- 43140
- CBSA name
- SHELBY, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,264
$191,727
$79,180
$270,907
-
$191,727
$79,180
$270,907
