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    Truck Stop Diner For Sale Title is generated by Realmo AI

    2301 Alt US 220 Highway Unit C, Stokesdale, NC 27357

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    Diner/restaurant in busy truck stop on major highway.

    Type:Retail
    Added:
    Jul 15, 2021
    Days on Market:
    1786
    Last Refresh:
    May 13 at 8:21 pm

    Property Features for 2301 Alt US 220 Highway Unit C

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Pat Flanagan

    Listing agent Pat Flanagan

    Listing office Century 21 Triangle Group

    Listing date Jul 15, 2021

    Source Xome

    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 Century 21 Triangle Group

    HighLights

    • High traffic location on major highway (AADT 26,000 per NCDOT).
    • Established diner/restaurant setup with indoor seating.
    • Existing customer base of 1500‑2000 per day (owner stated).
    • Lease includes equipment (FF&E) in working order and CAM.
    • End unit location within the truck stop.
    • Central air conditioning.

    Overview

    This end unit is located within a busy truck stop situated on a major highway with an Average Annual Daily Traffic count of 26,000 according to NCDOT. The property is set up as a diner or restaurant with indoor seating. The current customer count is stated by the owner to be between 1500 and 2000 per day. The lease includes equipment, with a FF&E list forthcoming, in working order, and CAM.
    Location Intelligence

    Current Use by Public Records

    Truck stops

    Map

    City
    Stokesdale
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9724
    Latitude
    36.2579

    Nearby Similar for Sale

    • $279,000

      Stokesdale Commercial Property For Sale

      High-visibility commercial property in Stokesdale, suitable for various professional uses.
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    • $5,500

      Truck Stop End Unit QSR

      Quick service restaurant with drive-through in busy truck stop.
      2301 Alt US 220 Highway Unit A, Stokesdale, NC 27357
      View Details

    FAQs

    What type of property is this?
    Truck stop - Diner/restaurant in busy truck stop on major highway.
    Where is this truck stop located?
    The property is located at 2301 Alt US 220 Highway Unit C Stokesdale, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High traffic location on major highway (AADT 26,000 per NCDOT).; Established diner/restaurant setup with indoor seating.; Existing customer base of 1500‑2000 per day (owner stated).
    (919) 249-5515
    We can help!
    Listing Contact
    Pat Flanagan
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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