Listing Agency: Sell It Realty, LLC.

Listed By: Adi Gal · License #A12066869 Show Phone

Source: Mymiahomes

Added: Jul 20 Changed: Oct 26 Last Checked: Oct 7 at 1:12PM

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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 / Yr

$146,832

Cap Rate

2.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,936,640 $2.9M

Cap Rate 7%

$2,097,600 $2.1M

Cap Rate 9%

$1,631,467 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

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 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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

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