Quick Serve Food Stand
For Sale
$215,000
415 John St, Goldsboro, NC 27530
415 S John St. Quick Serve Food stand fully equipped
Property Size572 SF
Lot Size0.53 Acres
Price / SF$375.87
Days on Market128
Property Features for 415 John St
General Information
Standard status
Active
Property type
Other retail properties, Retail properties & Spaces
Size
572 SF
Lot size
0.53 Acres
Building Details
Year Built
1964
Year Renovated
2021
Buildings
1
Stories
1
Listed By:
Tim Ferruzzi
(910) 729-9180
Added: Apr 29
Changed: Aug 31
Investment Insights
Based on property information with market context.
This is an opportunity to own a fully operational walk-up style restaurant, situated approximately 0.4 miles from the Wayne County courthouse. The property is a quick serve establishment that caters to downtown business workers and the local community. The kitchen is fully equipped, including a professionally maintained industrial fryer and flat top grill combo under a commercial grade ventilation hood. Recent equipment purchases include an ice maker, glass door refrigerator, and bun steamer. A soda dispenser and ice cream freezer are present. Food storage is facilitated by a walk-in freezer and three additional deep freezers. The property includes the business, the building, and the entire corner parking lot. A new roof was installed on the building in 2021. The lot size is 0.53 acres. The property offers high visibility and easy access. The building size is 572 square feet. The property is located in Goldsboro, North Carolina. Business financials are available upon request.
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
$7,020
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
3.27%
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%
$140,400
$140.4K
Cap Rate 7%
$100,286
$100.3K
Cap Rate 9%
$78,000
$78.0K
Market Conditions
NOI Build-Up for 572 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
$10.3K $18.00/SF
− Vacancy
−$268 −$0.47/SF
EGI
$10.0K $17.53/SF
− OpEx
−$3.0K −$5.26/SF
NOI
$7.0K $12.27/SF
Area
Wayne County, NC
Vacancy
2.60%
Lease Rate
$18.00 /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%
$140,400
Cap Rate 7%
$100,286
Cap Rate 9%
$78,000
Alternative Uses
Best Use
Retail
$100.3K
$87.8K – $117.0K
NOI $7,020 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
10,197 visits/mo
0.4 miles
Demographics for 27530, NC
37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
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?
Other retail property - 415 S John St. Quick Serve Food stand fully equipped
Where is this other retail property located?
The property is located at 415 John St Goldsboro, NC.
What is the asking price?
The asking price for this property is $215,000.
