Resort Lobby-Level
For Sale
$875,000
2000 New River Inlet Road, Sneads Ferry, NC 28460
Commercial Sale, Sneads Ferry, NC
Property Size1,975 SF
Price / SF$443.04
Days on Market48
Property Features for 2000 New River Inlet Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-5
Parking features
Parking Lot
Subdivision
St. Regis
Lot features
Oceanfront, Ocean Side, Water Access Comm
Directions
Follow NC Hwy 210 from Sneads Ferry, over high rise bridge towards North Topsail Beach. Left on New River inlet Road. Follow for 4.4 miles. St. Regis will be on right, Building 1.
Standard status
Active
APN
779f-1c7
Size
1,975 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
U1/34 St. Regis Bldg 1 Lot 7
Tax Annual Amount
3498
HOA Fee
$5,813 Annually
Legal Description
U1/34 St. Regis Bldg 1 Lot 7
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1985
Building materials
Concrete, Stucco
Listing Agency:
Ocean Life Realty
(910) 741-4545
Listed By:
Tenley E. Grazioli · License #213144
(910) 382-1390
Added: Aug 18
Changed: Aug 19
Last Checked: Oct 4 at 4:06PM
MLS# 100597363
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,975-square-foot restaurant unit occupies the lobby level of Building 1 within the St. Regis oceanfront resort. It is currently configured as a casual bar and grill, with an existing hood system and A/C units included in the sale. The property has concrete and stucco construction, electric heating, and access to a parking lot. Built in 1985, the space is classified under R-5 zoning.
The restaurant serves the 240-unit St. Regis complex, placing it within a resort environment used by owners and guests. Monthly HOA dues cover water, sewer, trash, the master insurance policy, cable, internet, and additional services. The remaining equipment may be negotiated separately with the seller.
The restaurant serves the 240-unit St. Regis complex, placing it within a resort environment used by owners and guests. Monthly HOA dues cover water, sewer, trash, the master insurance policy, cable, internet, and additional services. The remaining equipment may be negotiated separately with the seller.
Key Highlights
- 1,975‑square‑foot restaurant unit in the St. Regis oceanfront resort
- Lobby‑level position in Building 1
- Serves the 240‑unit St. Regis complex
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
$25,329
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
2.89%
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%
$506,580
$506.6K
Cap Rate 7%
$361,843
$361.8K
Cap Rate 9%
$281,433
$281.4K
Market Conditions
NOI Build-Up for 1,975 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
$35.6K $18.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$33.8K $17.10/SF
− OpEx
−$8.4K −$4.27/SF
NOI
$25.3K $12.83/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$18.00 /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%
$506,580
Cap Rate 7%
$361,843
Cap Rate 9%
$281,433
Alternative Uses
Best Use
Specialty Retail
$361.8K
$316.6K – $422.2K
NOI $25,329 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.0K
$375.4K – $500.6K
NOI $30,033 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28460, NC
12,591
Population
9,134
Households
1.4
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
451
Density / Sq Mi
$86,180
Median Household Income
$50,061
Median Earnings
$1,544
Median Rent
$310,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Operating restaurant unit with hood system, A/C units, and access to resort-generated customer traffic.
Where is this conventional restaurant located?
The property is located at 2000 New River Inlet Road Sneads Ferry, NC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,975‑square‑foot restaurant unit in the St. Regis oceanfront resort; Lobby‑level position in Building 1; Serves the 240‑unit St. Regis complex
