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    2986 Hendricks Mill Rd Ebony, VA 23845

    Sponsored
    For Sale
    $750,000

    Retail,Food Service,Other - Ebony, VA

    Lot size:
    1.56 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 20 at 12:06 am

    Property Features for 2986 Hendricks Mill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Interior features
    Fixtures/Furniture, Other-see Remarks
    Lot size
    1.56 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Flooring type
    Laminate
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Bishop

    NextHome 1st Choice (434) 774-0945

    Listing agent Susan Bishop (434) 636-6398

    Listing date Dec 29, 2025

    MLS# 140384 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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.

    Learn more

    Property Insight Report

    Overview

    Ebony General Store at Lake Gaston

    The Ebony General Store is situated on a large corner lot, offering road frontage on two sides and high visibility on a well-traveled road. This established business, described as a local favorite, features a full kitchen and baked goods, along with 18 beverage coolers. It includes both indoor and exterior dining areas, with room for expansion. The store also serves gas and propane. Located close to I-85 and the Eaton's Ferry Area, in the heart of Lake Gaston, this income-producing property presents a business opportunity. The property is 1.56 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marathon Gas Station Ebony General Store Gas Station LibertyX Bitcoin ATM Atm

    Suggested Use

    Restaurant Electrical Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ebony
    County
    Brunswick
    State
    Virginia
    Longitude
    -77.9943576
    Latitude
    36.5754197

    Nearby Similar for Sale

    • $750,000
      1.56 Acres

      Ebony General Store For Sale

      Thriving business opportunity at Lake Gaston with high visibility.
      2986 Hendricks Mill Rd, Ebony, VA 23845
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Thriving business opportunity at Lake Gaston with high visibility.
    Where is this grocery and convenience store located?
    The property is located at 2986 Hendricks Mill Rd Ebony, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Thriving business opportunity in a prime location at Lake Gaston.; - High visibility corner lot with road frontage on two sides.; - Full kitchen and **18 beverage coolers included**.
    (434) 636-3999
    Request Owner's contact information
    2986 Hendricks Mill Rd Ebony, VA 23845
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    Ebony, VA 23845
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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
    2986 Hendricks Mill Rd Ebony, VA 23845
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    We can help!
    Listing Contact
    Susan Bishop
    Real Estate License ID: 0225063017,PersonLicenseNumber
    (434) 636-3999
    Learn more
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