Freestanding Coffee Shop
For Sale
$324,900
1277 E Salisbury St, Asheboro, NC 27203
Brick-and-block commercial building with flexible space, paved parking, signage, and B2 (CZ) zoning.
Property Size1,632 SF
Lot Size0.81 Acres
Price / SF$199.08
Days on Market10
Property Features for 1277 E Salisbury St
General Information
Standard status
Active
Size
1,632 SF
Lot size
0.81 Acres
Zoning
B2 (CZ)
Additional Details
Road Access
Yes
Amenities
central heat and air
two bathrooms
existing signage
Building Details
Buildings
1
Building Size
1,632 SF
Construction
brick and block
Listing Agency:
RE/MAX Central Realty
(336) 953-8818
Listed By:
Robert Moran · License #185749
(336) 953-8818
Source:
Exprealty
Added: Aug 11
Changed: Aug 19
Last Checked: Aug 20 at 9:20AM
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 RE/MAX Central Realty
Investment Insights
Based on property information with market context.
This freestanding brick-and-block building at 1277 E Salisbury St in Asheboro provides 1,632 SF of commercial space. The improvements include a metal roof, central heat and air, two bathrooms, existing signage, and paved parking. The configuration supports coffee shop operations, professional offices, or a drive-through package store, subject to applicable requirements.
The property is being subdivided to include approximately .813 acres, with final acreage to be established by a new survey supplied by the seller. Additional acreage is available. Ingress and egress access is already in place, providing practical site circulation for commercial use.
The property is being subdivided to include approximately .813 acres, with final acreage to be established by a new survey supplied by the seller. Additional acreage is available. Ingress and egress access is already in place, providing practical site circulation for commercial use.
Key Highlights
- 1,632 SF freestanding brick‑and‑block commercial building
- B2 (CZ) zoning supports coffee shop, office, and drive‑through package store uses
- Approximately .813 acres included in the subdivision
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
$29,398
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
9.05%
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%
$587,960
$588.0K
Cap Rate 7%
$419,971
$420.0K
Cap Rate 9%
$326,644
$326.6K
Market Conditions
NOI Build-Up for 1,632 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
$45.6K $27.96/SF
− Vacancy
−$6.4K −$3.94/SF
EGI
$39.2K $24.02/SF
− OpEx
−$9.8K −$6.00/SF
NOI
$29.4K $18.01/SF
Area
Randolph County, NC
Vacancy
14.10%
Lease Rate
$27.96 /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%
$587,960
Cap Rate 7%
$419,971
Cap Rate 9%
$326,644
Alternative Uses
Best Use
Office B
$420.0K
$367.5K – $490.0K
NOI $29,398 @ 7.0% cap · market cap 9.05%
Second Best
Retail
$301.4K
$263.7K – $351.6K
NOI $21,097 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$561.4K
$491.2K – $655.0K
NOI $39,298 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27203, NC
21,869
Population
9,937
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
22.5 sq mi
ZIP Area
972
Density / Sq Mi
$47,506
Median Household Income
$32,900
Median Earnings
$852
Median Rent
$141,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Starbucks — 1505E E Dixie Dr, Asheboro, NC 27203
- Taste and See — 1318 E Dixie Dr, Asheboro, NC 27203
- The Coffee Xchange on 42 — 191 E, NC-42, Asheboro, NC 27203
Frequently Asked Questions
What type of property is this?
Coffee shop - Brick-and-block commercial building with flexible space, paved parking, signage, and B2 (CZ) zoning.
Where is this coffee shop located?
The property is located at 1277 E Salisbury St Asheboro, NC.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,632 SF freestanding brick‑and‑block commercial building; B2 (CZ) zoning supports coffee shop, office, and drive‑through package store uses; Approximately .813 acres included in the subdivision
