Listing Agency: Sell It Realty, LLC. a***@gmail.com Show Phone

Listed By: Adi Gal · License #A12013523

Source: Mymiahomes

Added: Jul 20 Changed: Aug 23 Last Checked: Aug 22 at 6:49AM

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Investment Insights

Based on property information with market context.

For sale: a free-standing commercial building totaling 10,000 square feet in Avon, North Carolina, combining real estate and an operating business. The property includes a 3,000 square foot arcade and a 7,000 square foot retail clothing store, each described as established components of the overall income-producing operation.

The offering is presented as turnkey, including the real estate plus full inventory and machinery, intended to support immediate operations upon acquisition. Public remarks note the location is in a high-traffic tourist area with heavy foot traffic.

This is a single, free-standing asset that can suit an investor seeking an income-producing property or an owner-operator looking to run the existing operations. Remarks also indicate the business/investor visa eligibility may apply, with the buyer to verify.

Key Highlights

• Free‑standing 10,000 SF commercial building for sale in a high‑traffic North Carolina tourist destination
• 3,000 SF arcade with consistent cash‑flow income
• 7,000 SF retail clothing store with an established operation

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

$146,832

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

2.94%

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%

$2,936,640 $2.9M

Cap Rate 7%

$2,097,600 $2.1M

Cap Rate 9%

$1,631,467 $1.6M

Market Conditions

NOI Build-Up for 10,000 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

$228.0K $22.80/SF

− Vacancy

−$18.2K −$1.82/SF

EGI

$209.8K $20.98/SF

− OpEx

−$62.9K −$6.29/SF

NOI

$146.8K $14.68/SF

Area

Dare County, NC

Vacancy

8.00%

Lease Rate

$22.80 /SF/Yr

Expense Ratio

30.00%

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%

$2,936,640

Cap Rate 7%

$2,097,600

Cap Rate 9%

$1,631,467

Alternative Uses

Best Use

Retail

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $146,832 @ 7.0% cap · market cap 2.94%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.41M

$2.11M – $2.82M (±1% cap)

NOI $168,960 @ 7.0% cap · market cap 3.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Retail space

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

173

Businesses Nearby

979

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

SUBWAY Dining

979 visits/mo 0.4 miles

Demographics for 27915, NC

832

Population

1,727

Households

0.5

Avg Household Size

55

Median Age

43%

College-Educated

97%

High-School Grad

8.2 sq mi

ZIP Area

101

Density / Sq Mi

$33,725

Median Earnings

$292,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Free-standing commercial building with arcade and established retail clothing store, sold turnkey with inventory and machinery.

Where is this retail space located?

The property is located at 40194 Tuna Ter Avon, NC.

What is the asking price?

The asking price for this property is $5,000,000.

What are key features of this property?

This property features: Free‑standing 10,000 SF commercial building for sale in a high‑traffic North Carolina tourist destination; 3,000 SF arcade with consistent cash‑flow income; 7,000 SF retail clothing store with an established operation