Property profile

23122 Nc Hwy 109 Denton, NC 27239

OFF-MARKET
Other commercial real estate
Property ID
US53-0925814
7,800 SF 5.02 ac lot Built 1968
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a rustic event venue in Denton, North Carolina, formerly operating under the name Willow Falls, and is configured with both indoor and outdoor spaces. Interior accommodations include a bar area, a large kitchenette area, separate men’s and women’s restrooms, a bridal room, and a groom room. The venue has new epoxy flooring and includes a patio area, and it is equipped with heating and air conditioning for year-round use. The layout and amenity set are suitable for a range of business or event-oriented operations.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Construction FRAME
Total area 7,800 SF
Lot 5.02 ac (218,671 SF)
Zoning code HC
APN 02-005-0-000-0026
UPID US53-0925814

Cap rate & NOI

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

Location

23122 Nc Hwy 109 Denton, NC 27239-7869
Denton metro Census 62002 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2025
Last sale
$495,000
6 recorded transactions
2025
$495,000
2023
$390,000
2021
$205,000
2014
$48,000
2013
$42,000
2006
$85,000

Zoning & alternative use

HC · Denton, 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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