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    1105 Gum Branch Rd Jacksonville, NC 28540

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    Former restaurant with drive-thru, outdoor dining, and ample parking.

    Property Features for 1105 Gum Branch Rd

    General Information

    Zoning
    CB District

    Building Details

    Year built
    1983

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    Listing Contact
    Frank Efird Jr
    Source: Svnefird

    Listing Agent: Frank Efird Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Move-In Ready Restaurant with Drive-Thru

    This property at 1105 Gum Branch Road, Jacksonville, NC, presents a retail leasing opportunity suitable for restaurants, drive-through restaurants, and turn-key restaurant concepts. The former Smithfield's Chicken 'N Bar-B-Q restaurant is move-in ready and features 74 feet of frontage on Gum Branch Road, along with a drive-thru window and monument building signage. A re-paved parking lot offers 40 spaces, resulting in a parking ratio of 14.65 per 1,000 square feet. The location benefits from high traffic, with an anticipated 27,203 average daily traffic count in 2025 at Gum Branch Road and Nottingham Rd NW. The property includes kitchen equipment, an outdoor dining area measuring 12 ft X 35 ft, a fire suppression system, and ADA-compliant restrooms. It also features a walk-in cooler measuring 11'5" ft X 19 ft, floor drains throughout the kitchen with 4 stainless steel built-in sinks, and three Rinnai hot water heaters. A detached 12 ft X 10 ft storage building and a gated trash enclosure are also present. The surrounding area has a strong customer base, with a total population of over 130,000 within a 10-mile radius and over 40,000 households within the same radius. Average household incomes in the immediate vicinity range from $73,000 to $75,000. The property has two curb cuts.
    Location Intelligence

    Current Use by Public Records

    The Grazing Tray Cafe Coffee Shop

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.414344
    Latitude
    34.7769585

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant with drive-thru, outdoor dining, and ample parking.
    Where is this restaurant located?
    The property is located at 1105 Gum Branch Rd Jacksonville, NC.
    What are key features of this property?
    This property features: - Move-in ready former restaurant space with existing kitchen equipment and infrastructure.; - **High visibility location** with 74 feet of frontage on Gum Branch Road, drive-thru window, and monument building signage.; - High traffic count of 27,203 average daily traffic (2025 projection) at Gum Branch Road & Nottingham Rd NW.
    (910) 200-0037
    Request Owner's contact information
    1105 Gum Branch Rd Jacksonville, NC 28540
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    Jacksonville, NC 28540
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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
    1105 Gum Branch Rd Jacksonville, NC 28540
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    We can help!
    Listing Contact
    Frank Efird Jr
    Real Estate License ID: NC #106541
    (910) 200-0037
    Learn more
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