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    100 Colingwood Lane Kill Devil Hills, NC 27948

    View on Map
    For Sale
    $695,000

    Restaurant - Kill Devil Hills, NC

    Lot size:
    17,000.00 Acres
    Added:
    Jul 2, 2025
    Days on Market:
    274
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 100 Colingwood Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot, Paved or Surfaced
    Security features
    Security Alarm
    Interior features
    Security Alarm, Public Restroom (s), Equip. Conveys, Inventory Convey, Handicap Features
    Exterior features
    Handicap Features, Dumpster, Load Dock/Grade, Pole Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Lot size
    17,000.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    2486

    Utilities

    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump

    Building Details

    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    The Myatt Group Team

    Listing agent The Myatt Group Team License #See Brokers Notes

    Listing office Keller Williams - Outer Banks 5595 N Croatan Hwy, Southern Shores, NC

    Listing date Jul 2, 2025

    MLS# 129788 Listing URL

    Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Pub Opportunity

    This casual restaurant pub is situated along one of Colington’s most visible, high-traffic corridors. The property features a mix of exposure, smooth operation, and a welcoming atmosphere. The fully equipped and carefully maintained space allows new owners to begin operations immediately without renovations. The property offers an inviting indoor-outdoor setting, suitable for family dinners, game-day gatherings, or casual relaxation. The interior includes a dining space with multiple TVs, a bar, and a menu featuring pizza, wings, burgers, and sandwiches. The outdoor area offers picnic tables in a casual, summertime beach-style environment. A small platform stage hosts local musicians, creating a lively atmosphere. The property includes on-site parking, strong road visibility, and a customer base. This property combines location, turnkey condition, and laid-back charm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harbor Grill & Pizza Restaurant

    Suggested Use

    Real Estate Agency Restaurant Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm Big Box & Wholesale Store Daycare Center Kitchen & Bath Showroom Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kill Devil Hills
    County
    Dare
    State
    North Carolina
    Longitude
    -75.7076841
    Latitude
    36.0090905

    Nearby Similar for Sale

    • $775,000

      Kill Devil Hills Retail Site

      Centrally located commercial site with a 3,000 SF building.
      502 S Croatan Highway, Kill Devil Hills, NC 27948
      View Details
    • $7,421,818
      48,226 SF

      Kill Devil Hills Retail Opportunity

      Large retail building in popular Outer Banks tourist destination.
      2012 S Croatan Hwy, Kill Devil Hills, NC
      View Details
    • $2,450,000

      Kill Devil Hills Multifamily Complex

      Eight-unit condo complex with ocean views in Kill Devil Hills.
      1711 Bobby Lee Trail, Kill Devil Hills, NC 27948
      View Details
    • Contact for pricing
      4,800 SF

      Meineke Car Care Center

      NNN leased auto shop in Kill Devil Hills, NC.
      1800 S Croatan Hwy, Kill Devil Hills, NC
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Fully equipped restaurant and pub in Kill Devil Hills, NC.
    Where is this bar & pub located?
    The property is located at 100 Colingwood Lane Kill Devil Hills, NC.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime location in a high‑traffic area of Colington with strong road visibility and a proven customer base.; Turnkey condition: fully equipped and carefully maintained, allowing for immediate operation without renovations.; Inviting indoor‑outdoor setting with a casual, beach‑style atmosphere, appealing to families, tourists, and locals.
    (252) 207-6588
    We can help!
    Listing Contact
    The Myatt Group Team
    Real Estate License ID: See Brokers Notes
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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