Stanley Commercial Opportunity For
For Sale
$699,900
119 N Main Street, Stanley, NC 28164
Commercial property in Stanley, formerly a restaurant, high visibility.
Property Size2,364 SF
Price / SF$296.07
Days on Market383
Property Features for 119 N Main Street
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Commercial
Amenities
Corner Lot
Cleared
Composition Roof
Door Width 32 Inches or More
Forced Air Heating
Handicap Parking
Level
Parking Lot
Ramp(s)-Main Level
Vinyl Flooring
Wood Flooring
Building Details
Year Built
1979
Listing Agency:
APPLE REALTY OF LINCOLNTON
(704) 736-9559
Listed By:
MARSHA JORDAN · License #67614
Source:
Corcoran
Added: Aug 4, 2025
Changed: Aug 18
Last Checked: Aug 20 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APPLE REALTY OF LINCOLNTON
Investment Insights
Based on property information with market context.
This commercial property in Stanley, North Carolina, presents a business opportunity with high visibility. The property, formerly a restaurant, offers 2364 square feet of space. Natural gas and other utilities are available at the property, making it suitable for various restaurant or retail uses.
Key Highlights
- High visibility location in Stanley.
- Commercial/business opportunity.
- Formerly a restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,260
$696.3K
Cap Rate 7%
$497,329
$497.3K
Cap Rate 9%
$386,811
$386.8K
Market Conditions
NOI Build-Up for 2,364 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.6K $21.00/SF
− Vacancy
−$3.2K −$1.37/SF
EGI
$46.4K $19.64/SF
− OpEx
−$11.6K −$4.91/SF
NOI
$34.8K $14.73/SF
Area
Gaston County, NC
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,260
Cap Rate 7%
$497,329
Cap Rate 9%
$386,811
Alternative Uses
Best Use
Specialty Retail
$497.3K
$435.2K – $580.2K
NOI $34,813 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$744.1K
$651.1K – $868.1K
NOI $52,084 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Dollar Tree
Shops & Services
13,934 visits/mo
0.5 miles
Wendy's
Dining
11,242 visits/mo
0.4 miles
Shell
Shops & Services
6,487 visits/mo
0.4 miles
Domino's Pizza
Dining
2,556 visits/mo
0.3 miles
South State Bank
Shops & Services
2,519 visits/mo
0.4 miles
Demographics for 28164, NC
14,903
Population
6,387
Households
2.3
Avg Household Size
45
Median Age
24%
College-Educated
91%
High-School Grad
41.0 sq mi
ZIP Area
363
Density / Sq Mi
$82,661
Median Household Income
$51,238
Median Earnings
$1,161
Median Rent
$268,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chef Lashun — 811 N Buckoak St, Stanley, NC 28164
Frequently Asked Questions
What type of property is this?
Restaurant - Commercial property in Stanley, formerly a restaurant, high visibility.
Where is this restaurant located?
The property is located at 119 N Main Street Stanley, NC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High visibility location in Stanley.; Commercial/business opportunity.; Formerly a restaurant.
