Updated Corner-Lot
For Sale
$650,000
2146 Nc 102 E, Ayden, NC 28513
Restaurant property with included kitchen equipment and furnishings, updated building systems, and a corner-lot setting.
Property Size2,222 SF
Lot Size1.59 Acres
Price / SF$292.53
Days on Market40
Property Features for 2146 Nc 102 E
General Information
Standard status
Active
Size
2,222 SF
Total Parking Spaces
40
Lot size
1.59 Acres
Restaurant
Seating Capacity
75
Equipment Included
Yes
Additional Details
Furnished
Yes
Building Details
Year Built
1968
Year Renovated
2021
Listing Agency:
Tyre Realty Group Inc.
(252) 327-0514
Listed By:
Homer Tyre · License #209081
Source:
Barefootbrokers
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 11:55AM
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 Tyre Realty Group Inc.
Investment Insights
Based on property information with market context.
This restaurant property encompasses 2,222 square feet on a 1.59-acre corner lot. Improvements completed in 2021 included a new septic system, kitchen equipment, siding, windows and doors, and HVAC. Kitchen equipment and furnishings are included with the sale. The restaurant is approved by the health department for 75 seats and provides 40 parking spots.
Located at 2146 NC 102 E in Ayden, the property offers additional land area described as available for expansion. The building was constructed in 1968 and is configured for restaurant operations with existing equipment and furnishings in place.
Located at 2146 NC 102 E in Ayden, the property offers additional land area described as available for expansion. The building was constructed in 1968 and is configured for restaurant operations with existing equipment and furnishings in place.
Key Highlights
- 2,222‑square‑foot restaurant on a 1.59‑acre corner lot
- 2021 updates include septic, kitchen equipment, siding, windows and doors, and HVAC
- Health department approval for 75 seats
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
$28,737
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
4.42%
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%
$574,740
$574.7K
Cap Rate 7%
$410,529
$410.5K
Cap Rate 9%
$319,300
$319.3K
Market Conditions
NOI Build-Up for 2,222 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
$40.0K $18.00/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$38.3K $17.24/SF
− OpEx
−$9.6K −$4.31/SF
NOI
$28.7K $12.93/SF
Area
Pitt County, NC
Vacancy
4.20%
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%
$574,740
Cap Rate 7%
$410,529
Cap Rate 9%
$319,300
Alternative Uses
Best Use
Specialty Retail
$410.5K
$359.2K – $479.0K
NOI $28,737 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$269.0K
$235.3K – $313.8K
NOI $18,827 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$483.7K
$423.2K – $564.3K
NOI $33,859 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28513, NC
10,006
Population
4,855
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
88.9 sq mi
ZIP Area
113
Density / Sq Mi
$54,534
Median Household Income
$38,818
Median Earnings
$778
Median Rent
$150,500
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?
Conventional restaurant - Restaurant property with included kitchen equipment and furnishings, updated building systems, and a corner-lot setting.
Where is this conventional restaurant located?
The property is located at 2146 Nc 102 E Ayden, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,222‑square‑foot restaurant on a 1.59‑acre corner lot; 2021 updates include septic, kitchen equipment, siding, windows and doors, and HVAC; Health department approval for 75 seats
