Property profile

5574 Caratoke Hwy Poplar Branch, NC 27965

FOR SALE
Auto shops
Property ID
US53-0956391
2,360 SF 0.92 ac lot Built 1988
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The automotive property is located on Caratoke Highway and has road frontage providing high roadside visibility. The site covers approximately 0.92 acres and includes a main shop constructed in 2003 plus an original structure built in 1989. Combined, the structures provide approximately 4,240 square feet of usable shop space, with the 1989 building configured for additional garage and storage use. The shop layout includes multiple service bays and a dedicated office area. The property includes automotive service equipment in place, including two vehicle lifts, two wheel balancers, two tire changers, and a wheel bearing press.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1988
Total area 2,360 SF
Lot 0.92 ac (40,075 SF)
Zoning code GB
APN 0084000029A0000
UPID US53-0956391

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

5574 Caratoke Hwy Poplar Branch, NC 27965
Poplar Branch metro Census 110404 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

GB · Poplar Branch, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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