Commercial Kitchen
New
For Sale
$229,900
1522 W Wall St, Wadesboro, NC 28170
Corner commercial building with food-service infrastructure, storage, restrooms, and an existing walk-in cooler.
Property Size2,746 SF
Price / SF$83.72
Days on Market6
Property Features for 1522 W Wall St
General Information
Standard status
Active
Size
2,746 SF
Property subtype
Business Opportunity
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker Preferred Properties
(910) 206-2207
Listed By:
Beverly McFayden · License #231643
Source:
Barefootbrokers
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 25 at 5:59AM
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.
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 = 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
$18,092
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
7.87%
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%
$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
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
$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 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%
$361,840
Cap Rate 7%
$258,457
Cap Rate 9%
$201,022
Alternative Uses
Best Use
Specialty Retail
$577.7K
$505.5K – $674.0K
NOI $40,438 @ 7.0% cap · market cap 17.59%
Second Best
Retail
$481.6K
$421.4K – $561.9K
NOI $33,712 @ 7.0% cap · market cap 14.66%
Theoretical Best
Office A
$864.3K
$756.3K – $1.01M
NOI $60,500 @ 7.0% cap · market cap 26.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
