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    9610 Us Hwy 70 E Princeton, NC 27569

    View on Map
    Pending
    $985,000

    COMMERCIAL - Princeton, NC

    Property size:
    3,536 SF
    Lot size:
    3.53 Acres
    Added:
    Aug 15, 2025
    Days on Market:
    230
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 9610 Us Hwy 70 E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Interior features
    Storage
    Exterior features
    Lighting
    Standard status
    Pending
    APN
    265200-61-6826
    Size
    3,536 SF
    Lot size
    3.53 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    L4 5&6 EDMUNDSON 265200-49
    TaxAnnualAmount
    5111

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1977
    Flooring type
    Concrete
    Building materials
    Brick, Brick Veneer
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Beth Hines
    Beth Hines

    Listing agent Beth Hines License #192858

    Listing office RE/MAX SOUTHLAND REALTY II 5160 Veterans Parkway, Garner, NC

    Listing date Aug 15, 2025

    MLS# 10116032

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Princeton Commercial Property For Sale

    This commercial property in Princeton, North Carolina, encompasses 3.53 acres and features two distinct business spaces: a gas station with a convenience mart and a restaurant. The property is located along Highway 70/Interstate 42, benefiting from substantial daily traffic. The gas station, operating under the Citgo brand, offers both diesel and regular fuel sales managed by the tenant. The convenience store has served the community for many years. The combined space of both businesses exceeds 3,800 square feet and includes a full kitchen, wash area, walk-in coolers, a dining area, storage, office space, outbuildings, and a canopy. Ample tractor-trailer parking is available. The property is currently leased and offers continued rental income potential. It is positioned in a rapidly developing area of Princeton, with convenient access to Goldsboro, Raleigh, and surrounding markets. The zoning is C2. This property presents an investment opportunity in one of Johnston County's fastest-growing corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Paso Mexican ... Restaurant LibertyX Bitcoin ATM Atm Amazon Hub Locker ... (Bike/Boat/Book/etc) Store Country Mart Gas Station Pay Depot Bitcoin ... Crypto Atm

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Food Market HVAC Service Grocery & Convenience Store Electrical Service Garden Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.138547
    Latitude
    35.455864

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Gas station - High-visibility commercial property with gas station and restaurant spaces.
    Where is this gas station located?
    The property is located at 9610 Us Hwy 70 E Princeton, NC.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: High‑visibility 3.53‑acre commercial property on busy Highway 70/Interstate 42.; Two separate leased business spaces: a gas station/convenience mart and a restaurant, providing immediate rental income.; Significant upside potential in a rapidly developing area of Princeton.
    (919) 868-6316
    We can help!
    Listing Contact
    Beth Hines
    Beth Hines
    Real Estate License ID: 192858
    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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