Lobby-Level Resort
For Sale
$875,000
2000 New River Inlet Road U1g7, Sneads Ferry, NC 28460
Operating bar-and-grill space with hood and air-conditioning equipment in place.
Property Size1,975 SF
Price / SF$443.04
Days on Market8
Property Features for 2000 New River Inlet Road U1g7
General Information
Standard status
Active
Size
1,975 SF
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Floor
Lobby
Utilities to Site
Yes
Amenities
water
sewer
trash
master insurance policy
cable
internet
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Ocean Life Realty
(910) 382-1390
Listed By:
Tenley E. Grazioli · License #213144
Source:
Bradberrygarnerrealestate
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 30 at 1:41AM
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 Ocean Life Realty
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. The space currently operates as a casual bar and grill and includes an existing hood system and A/C units. Additional equipment may be purchased separately from the seller.
The restaurant serves the 240-unit St. Regis complex, with customer activity generated by resort owners and guests. The property was built in 1985 and is located at 2000 New River Inlet Road, Unit U1G7, in Sneads Ferry, North Carolina.
The restaurant serves the 240-unit St. Regis complex, with customer activity generated by resort owners and guests. The property was built in 1985 and is located at 2000 New River Inlet Road, Unit U1G7, in Sneads Ferry, North Carolina.
Key Highlights
- 1,975‑square‑foot restaurant unit within the St. Regis oceanfront resort
- Located on the lobby level of Building 1
- Currently operating as a casual bar and grill
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
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating bar-and-grill space with hood and air-conditioning equipment in place.
Where is this conventional restaurant located?
The property is located at 2000 New River Inlet Road U1g7 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 within the St. Regis oceanfront resort; Located on the lobby level of Building 1; Currently operating as a casual bar and grill
