Operating Grocery Store and
New
For Sale
$499,999
510 Beaty Rd, Belmont, NC 28012
The sale includes the real estate and the established grocery operation.
Property Size1,244 SF
Price / SF$401.93
Days on Market2
Property Features for 510 Beaty Rd
General Information
Standard status
Active
Size
1,244 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1971
Listing Agency:
America's Real Estate Group Inc
Listed By:
Cecilia Carbajal · License #239701
(704) 519-9199
Source:
Dreamteamunited
Added: Oct 4
Last Checked: Oct 4 at 2:27PM
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 America's Real Estate Group Inc
Investment Insights
Based on property information with market context.
This standalone commercial property in Belmont, North Carolina, contains 1,244 square feet and was built in 1971. The offering includes both the building and the operating grocery business. The property is being sold as-is.
Key Highlights
- Sale includes the real estate and operating grocery business
- 1,244‑square‑foot commercial building
- Built in 1971
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
$18,319
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
3.66%
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%
$366,380
$366.4K
Cap Rate 7%
$261,700
$261.7K
Cap Rate 9%
$203,544
$203.5K
Market Conditions
NOI Build-Up for 1,244 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
$26.1K $21.00/SF
− Vacancy
−$1.7K −$1.37/SF
EGI
$24.4K $19.64/SF
− OpEx
−$6.1K −$4.91/SF
NOI
$18.3K $14.73/SF
Area
Gaston County, NC
Vacancy
6.50%
Lease Rate
$21.00 /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%
$366,380
Cap Rate 7%
$261,700
Cap Rate 9%
$203,544
Alternative Uses
Best Use
Specialty Retail
$261.7K
$229.0K – $305.3K
NOI $18,319 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$218.2K
$190.9K – $254.5K
NOI $15,272 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$391.5K
$342.6K – $456.8K
NOI $27,408 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 13%
Hotels & Casinos 6%
Bojangles' Famous Chicken 'n Biscuits
Dining
16,499 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,710 visits/mo
0.5 miles
Holiday Inn Express & Suites Charlotte Arpt-Belmont
Hotels & Casinos
1,299 visits/mo
0.4 miles
Demographics for 28012, NC
26,202
Population
11,511
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
92%
High-School Grad
27.3 sq mi
ZIP Area
960
Density / Sq Mi
$81,057
Median Household Income
$48,901
Median Earnings
$1,288
Median Rent
$324,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale includes the real estate and the established grocery operation.
Where is this grocery and convenience store located?
The property is located at 510 Beaty Rd Belmont, NC.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Sale includes the real estate and operating grocery business; 1,244‑square‑foot commercial building; Built in 1971
