Building Details

Year Built 1982

Listing Agency: Coldwell Banker Preferred Properties

Listed By: Beverly McFayden · License #231643 Show Phone

Source: Barefootbrokers

Added: Aug 25 Changed: Oct 7 Last Checked: Oct 7 at 3:43PM

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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 Coldwell Banker Preferred Properties

Investment Insights

Based on property information with market context.

Built in 1982, this 2,746-square-foot commercial kitchen property includes an 8-door walk-in cooler, commercial food-preparation area with a sink and countertops, and a separate 600-square-foot storage room. The building also contains an electrical room, two restrooms, and security cameras.

The property occupies a corner lot at 1522 W Wall Street in Wadesboro, North Carolina. Two former fuel tanks remain outside and may be returned to service subject to required inspections and permits.

Key Highlights

• 2,746‑square‑foot commercial building constructed in 1982
• 8‑door walk‑in cooler and commercial kitchen with sink and countertops
• Separate 600‑square‑foot storage room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,092

Cap Rate

7.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,840 $361.8K

Cap Rate 7%

$258,457 $258.5K

Cap Rate 9%

$201,022 $201.0K

Market Conditions

NOI Build-Up for 2,746 SF

Gross rent

$27.4K $9.96/SF

− Vacancy

−$1.5K −$0.55/SF

EGI

$25.8K $9.41/SF

− OpEx

−$7.8K −$2.82/SF

NOI

$18.1K $6.59/SF

Area

Anson County, NC

Vacancy

5.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,840

Cap Rate 7%

$258,457

Cap Rate 9%

$201,022

Alternative Uses

Best Use

Specialty Retail

$577.7K

$505.5K – $674.0K (±1% cap)

NOI $40,438 @ 7.0% cap · market cap 17.59%

Second Best

Retail

$481.6K

$421.4K – $561.9K (±1% cap)

NOI $33,712 @ 7.0% cap · market cap 14.66%

Theoretical Best

Office A

$864.3K

$756.3K – $1.01M (±1% cap)

NOI $60,500 @ 7.0% cap · market cap 26.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial kitchens

Suggested Use

Top Pick Hair Salon Daycare Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 28170, NC

10,337

Population

4,768

Households

2.2

Avg Household Size

45

Median Age

13%

College-Educated

84%

High-School Grad

177.9 sq mi

ZIP Area

58

Density / Sq Mi

$36,139

Median Household Income

$27,144

Median Earnings

$825

Median Rent

$109,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this commercial kitchens located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial kitchen - Corner commercial building with food-service infrastructure, storage, restrooms, and an existing walk-in cooler.

Where is this commercial kitchen located?

The property is located at 1522 W Wall St Wadesboro, NC.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: 2,746‑square‑foot commercial building constructed in 1982; 8‑door walk‑in cooler and commercial kitchen with sink and countertops; Separate 600‑square‑foot storage room