Commercial Kitchen
For Sale
Contact for pricing
430A North 2nd Avenue, Mayodan, NC 27027
C2/MY-zoned kitchen property with access to U.S. Highway 220 and established culinary operations.
Property Size864 SF
Price / SF$405.09
Days on Market11
Property Features for 430A North 2nd Avenue
General Information
Standard status
Active
Size
864 SF
Property subtype
Special Purpose
Zoning
C2/MY
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1970
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
CENTURY 21 Total Real Estate Solutions
(336) 451-0064
Listed By:
Kim Martin · License #202186
Source:
Crexi
Added: Aug 2
Changed: Aug 9
Last Checked: Aug 10 at 1:42PM
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 Total Real Estate Solutions
Investment Insights
Based on property information with market context.
This commercial kitchen property includes dedicated food-preparation areas, working space, storage, and utility infrastructure for food production. The facility was built in 1970 and is identified as an 864-size property in the listing data. An established Mediterranean catering operation conveys with the offering, including its recipes and culinary business. Other culinary businesses also use space within the facility, supporting additional rental income.
Located at 430A North 2nd Avenue in Mayodan, the property offers access to U.S. Highway 220 for regional distribution and connectivity. C2/MY zoning supports its commercial-kitchen positioning, while the existing kitchen improvements provide an operational base for the current food-service activities.
Located at 430A North 2nd Avenue in Mayodan, the property offers access to U.S. Highway 220 for regional distribution and connectivity. C2/MY zoning supports its commercial-kitchen positioning, while the existing kitchen improvements provide an operational base for the current food-service activities.
Key Highlights
- Commercial kitchen property at 430A North 2nd Avenue, Mayodan, NC 27027
- C2/MY zoning
- Built in 1970
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
$11,610
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
3.32%
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%
$232,200
$232.2K
Cap Rate 7%
$165,857
$165.9K
Cap Rate 9%
$129,000
$129.0K
Market Conditions
NOI Build-Up for 864 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
$16.4K $18.96/SF
− Vacancy
−$901 −$1.04/SF
EGI
$15.5K $17.92/SF
− OpEx
−$3.9K −$4.48/SF
NOI
$11.6K $13.44/SF
Area
Rockingham County, NC
Vacancy
5.50%
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%
$232,200
Cap Rate 7%
$165,857
Cap Rate 9%
$129,000
Alternative Uses
Best Use
Specialty Retail
$165.9K
$145.1K – $193.5K
NOI $11,610 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$76.3K
$66.8K – $89.1K
NOI $5,344 @ 7.0% cap · market cap 1.53%
Theoretical Best
Office A
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 27027, NC
4,006
Population
2,191
Households
1.8
Avg Household Size
51
Median Age
13%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
189
Density / Sq Mi
$45,865
Median Household Income
$40,726
Median Earnings
$646
Median Rent
$116,500
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?
Commercial kitchen - C2/MY-zoned kitchen property with access to U.S. Highway 220 and established culinary operations.
Where is this commercial kitchen located?
The property is located at 430A North 2nd Avenue Mayodan, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial kitchen property at 430A North 2nd Avenue, Mayodan, NC 27027; C2/MY zoning; Built in 1970
