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    Thriving Lakeside Butcher Shop Opportunity Title is generated by Realmo AI

    50 Golf Drive, Bracey, VA 23919

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    Claim this Listing
    For Sale
    $495,000

    COMMERCIAL - Bracey, VA

    Lot size:
    1.08 Acres
    Added:
    Jul 15, 2025
    Days on Market:
    312
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 50 Golf Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.08 Acres

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Chad Barbour

    Listing agent Chad Barbour License #269578

    Listing office Lake Gaston Properties, LLC 519 E Atlantic Street, South Hill, VA

    Listing date Jul 15, 2025

    MLS# 139784

    Copyright © 2026 Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Thriving Lakeside Butcher Shop business for sale, includes real estate and all assets.
    • Established business with diverse offerings: fresh‑cut meats, smoked meats, deli salads, seafood, produce, and cooked meals.
    • Includes a Southern Pride smoker for producing popular smoked meats.
    • Located in Bracey, VA at Lake Gaston.
    • Current owner willing to assist with transition.
    • Large lot (over an acre) with ample parking.

    Overview

    An exceptional opportunity awaits in Bracey, Virginia, near Lake Gaston, with the Lakeside Butcher Shop (formerly Furr's Deli) now available for sale. This offering includes the real estate, the business itself, and all associated assets. The current owner is willing to assist in the transition to new ownership. The business specializes in a variety of offerings, including hand-cut fresh steaks and ribeye burgers. A Southern Pride smoker produces chicken wings, ribs, whole chickens, and brisket. The deli features handmade chicken salad, pasta salad, potato salad, and more, available daily. The shop also sells salmon, tuna, shrimp, and crab legs, along with produce such as fresh corn, potatoes, and onions. Functioning as a grocery store with a large deli, the business also cooks breakfast and lunch from the grill. Situated on over an acre of land with ample parking, this property presents a significant opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Furr’s Deli Specialty Food Shop Lakeside Butchershop Specialty Food Shop Sticks and Stones Agricultural Supply Shorelines By Design General Contractor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Auto Repair Shop Hotel & Motel Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Furr’s Deli — 50 Golf Dr, Bracey, VA 23919
    • Lakeside Butchershop — 50 Golf Dr, Bracey, VA 23919

    Location Insight

    • Map
    • Local Demand
    City
    Bracey
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.1400078
    Latitude
    36.5946405

    Nearby Similar for Sale

    • $1,750,000
      4,704 SF

      Unique Commercial Opportunity Near Lake Gaston

      2.44 acre commercial property near I-85 and Lake Gaston.
      3410 HWY Nine-O-Three, Bracey, VA 23919
      View Details
    • $1,550,000

      Lake Gaston Storage Facility Opportunity

      Thriving storage business near Lake Gaston with expansion potential.
      9150 Highway 903, Bracey, VA 23919
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Real estate, business, and assets of a thriving butcher shop.
    Where is this grocery and convenience store located?
    The property is located at 50 Golf Drive Bracey, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Thriving Lakeside Butcher Shop business for sale, includes real estate and all assets.; Established business with diverse offerings: fresh‑cut meats, smoked meats, deli salads, seafood, produce, and cooked meals.; Includes a Southern Pride smoker for producing popular smoked meats.
    (434) 955-0704
    We can help!
    Listing Contact
    Chad Barbour
    Real Estate License ID: 269578
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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