2208 Dixon Blvd Shelby, NC 28152-8934
Property profile & analytics
2208 Dixon Blvd Shelby, NC 28152-8934
- Auto shops
- 11,550 SF
- 2.53 lot acres
Property ID
US53-2702462
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
- Bowen Collision Center Inc / Auto Repair Shop
- Absolute Collision / Auto Repair Shop
Property Details for 2208 Dixon Blvd
- Year built
- 2001
- Lot size
- 2.53 lot acres
- Property size
- 11,550 SF
- Zone code
- GB
- Property type
- Auto shops
- APN
- 50981
- APU
- 50981
Description
This exceptional investment opportunity presents a 11,550-square-foot auto shop located at 2208 E Dixon Blvd, Shelby, NC 28152. The property boasts a brand new 10-year net-net lease with Classic Collision, a reputable company operating over 310 locations. The lease commenced October 1, 2024, and includes a remaining term of 9.9 years with annual rent increases of 2%, effectively hedging against inflation. The property sits on a 2.49-acre lot and was built in 2001. The current occupancy is 100%, generating a strong net operating income (NOI) of $168,000 and a compelling 7.00% capitalization rate. The asking price is $2,400,000, translating to a price per square foot of $207.79. The property benefits from its strategic location on highly trafficked US-74 (40,500+ vehicles per day), near major dealerships, a regional shopping mall, national retailers, and Cleveland Community College. Furthermore, a significant development project, Blanton Farm, is underway, adding hundreds of residential units and commercial spaces to the area, promising future growth and increased property value. The lease includes three 5-year renewal options, providing long-term stability and investment security. This is a rare opportunity to acquire a high-performing, well-located asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,500,000
- ML approach
- $1,560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,169,000
Market price range: $431k - $2.39M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,420,000 Current use
- RESTAURANT
- $2,285,000 Change: +61% Conversion: Difficult
- MEDICAL BUILDING
- $1,585,000 Change: +12% Conversion: Difficult
- OFFICE BUILDING
- $1,535,000 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
- -81.4741
- Latitude
- 35.2635
- 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
$7,025
$173,424
$409,549
$582,973
-
$173,424
$409,549
$582,973
