2025-Updated
For Sale
$875,000
3400 Us 1 Highway, Vass, NC 28394
Commercial Sale, Vass, NC
Property Size2,756 SF
Lot Size0.62 Acres
Price / SF$317.49
Days on Market226
Property Features for 3400 Us 1 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC
Subdivision
Vass
Directions
US 1 N to US 1 Business North - Property on left
Standard status
Active
APN
00039848
Size
2,756 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Miller's Restaurant
Tax Annual Amount
2583
Legal Description
Miller's Restaurant
Utilities
Utilities
Water Available
Heating system
Heat Pump (Heating), Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1994
Flooring type
Concrete
Building materials
Block, Wood Siding, Wood Frame
Roof type
Membrane, Composition
Listing Agency:
Taproot Realty Group LLC
(910) 690-4986
Listed By:
Blake Webb · License #284938
(910) 690-4986
Added: Jan 7
Changed: Aug 19
Last Checked: Aug 21 at 2:06AM
MLS# 100548361
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 2,756-square-foot restaurant occupies a 0.62-acre site and was built in 1994. A 2025 renovation added kitchen equipment, replaced the water heater, gas line, dishwasher, refrigeration compressor, equipment junction boxes, shelving, flooring, ceiling tiles, and bathroom finishes. LED dimmable lighting, a Toast POS system with kitchen display, patio furniture, and a newly constructed stage are also included. The sale includes the restaurant’s FF&E, flatware, smallware, and other operating fixtures.
The property is positioned at a signalized intersection along US 1 Business and Union Church Road in Vass. Interior seating accommodates 80 guests, while the patio seats 40. The property carries HC zoning, has public water, and includes central air with electric forced-air heat pump service.
The property is positioned at a signalized intersection along US 1 Business and Union Church Road in Vass. Interior seating accommodates 80 guests, while the patio seats 40. The property carries HC zoning, has public water, and includes central air with electric forced-air heat pump service.
Key Highlights
- 2,756 SF restaurant on 0.62 acres
- 2025 updates include kitchen equipment, plumbing‑related replacements, lighting, flooring, ceilings, and bathrooms
- Kitchen equipment package includes Southbound, Imperial & Pitco units
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
$36,761
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
4.20%
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%
$735,220
$735.2K
Cap Rate 7%
$525,157
$525.2K
Cap Rate 9%
$408,456
$408.5K
Market Conditions
NOI Build-Up for 2,756 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
$52.3K $18.96/SF
− Vacancy
−$3.2K −$1.18/SF
EGI
$49.0K $17.78/SF
− OpEx
−$12.3K −$4.45/SF
NOI
$36.8K $13.34/SF
Area
Moore County, NC
Vacancy
6.20%
Lease Rate
$18.96 /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%
$735,220
Cap Rate 7%
$525,157
Cap Rate 9%
$408,456
Alternative Uses
Best Use
Specialty Retail
$525.2K
$459.5K – $612.7K
NOI $36,761 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$236.6K
$207.1K – $276.1K
NOI $16,564 @ 7.0% cap · market cap 1.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Groceries 24%
Dining 6%
Circle K
Shops & Services
18,367 visits/mo
0.1 miles
Piggly Wiggly
Groceries
9,722 visits/mo
0.0 miles
Dollar General
Shops & Services
4,407 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,353 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
2,652 visits/mo
0.1 miles
Demographics for 28394, NC
5,559
Population
2,383
Households
2.3
Avg Household Size
40
Median Age
35%
College-Educated
86%
High-School Grad
41.3 sq mi
ZIP Area
135
Density / Sq Mi
$87,407
Median Household Income
$41,213
Median Earnings
$1,130
Median Rent
$275,300
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 - Restaurant with refreshed kitchen systems, indoor and patio seating, and equipment included in the sale.
Where is this conventional restaurant located?
The property is located at 3400 Us 1 Highway Vass, 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: 2,756 SF restaurant on 0.62 acres; 2025 updates include kitchen equipment, plumbing‑related replacements, lighting, flooring, ceilings, and bathrooms; Kitchen equipment package includes Southbound, Imperial & Pitco units
