Restaurant Building with Full
For Sale
Contact for pricing
140 E Davis Street, Burlington, NC 22701
Vacant commercial building configured for restaurant operations and potential retail use in a downtown setting.
Property Size2,042 SF
Price / SF$244.86
Days on Market124
Property Features for 140 E Davis Street
General Information
Standard status
Active
Size
2,042 SF
Property subtype
Retail
Investment Type
Owner/User
Property Condition
Severity
Repairs Needed
Evidence
minimal renovation
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
NAI Piedmont Triad
(336) 901-3452
Listed By:
Phil Tockman · License #NC
Source:
Crexi
Added: Apr 29
Changed: Aug 30
Last Checked: Aug 30 at 12:12AM
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 NAI Piedmont Triad
Investment Insights
Based on property information with market context.
This vacant 2,042-square-foot commercial building is configured with a full restaurant build-out, providing an existing framework for food and beverage operations. The property may also accommodate other retail uses, subject to applicable requirements and approvals.
Located on E Davis Street in downtown Burlington, the building offers a commercial setting for an owner-user or investor evaluating restaurant and retail applications. Its existing configuration provides a defined starting point for occupancy and future use planning.
Located on E Davis Street in downtown Burlington, the building offers a commercial setting for an owner-user or investor evaluating restaurant and retail applications. Its existing configuration provides a defined starting point for occupancy and future use planning.
Key Highlights
- 2,042‑square‑foot vacant commercial building
- Full restaurant build‑out in place
- Located in downtown Burlington
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
$40,185
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
8.04%
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%
$803,700
$803.7K
Cap Rate 7%
$574,071
$574.1K
Cap Rate 9%
$446,500
$446.5K
Market Conditions
NOI Build-Up for 2,042 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
$61.3K $30.00/SF
− Vacancy
−$3.9K −$1.89/SF
EGI
$57.4K $28.11/SF
− OpEx
−$17.2K −$8.43/SF
NOI
$40.2K $19.68/SF
Area
Alamance County, NC
Vacancy
6.29%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$803,700
Cap Rate 7%
$574,071
Cap Rate 9%
$446,500
Alternative Uses
Best Use
Retail
$574.1K
$502.3K – $669.8K
NOI $40,185 @ 7.0% cap · market cap 8.04%
Second Best
Specialty Retail
$206.7K
$180.8K – $241.1K
NOI $14,466 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$673.2K
$589.1K – $785.5K
NOI $47,127 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Speedway
Shops & Services
8,300 visits/mo
0.5 miles
SUBWAY
Dining
4,514 visits/mo
0.2 miles
Exxon
Shops & Services
2,365 visits/mo
0.3 miles
Mr. Tire
Shops & Services
704 visits/mo
0.3 miles
Ace Cash Express
Shops & Services
616 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant commercial building configured for restaurant operations and potential retail use in a downtown setting.
Where is this conventional restaurant located?
The property is located at 140 E Davis Street Burlington, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,042‑square‑foot vacant commercial building; Full restaurant build‑out in place; Located in downtown Burlington
