Building Details

Year built 1977

Floors in Building 1

Building materials Brick

Listing Agency: Re/MaxDiamond Realty d***@mebtel.net Show Phone

Listed By: Dwight Epperson · License #59496 Show Phone

Added: Dec 20, 2025 Changed: Aug 19 Last Checked: Aug 20 at 9:06PM

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MLS# 10138116

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property includes a 6,400-square-foot brick building constructed in 1977. The improvements house an established convenience store with gasoline and diesel pumps, a kitchen configured for customer food service, and a finished basement containing apartment space. The property encompasses 6 acres and carries an es/Comm Use Mix zoning designation.

Located at 7980 N Carolina 700 in Ruffin, North Carolina, the site includes three septic systems. Two systems previously served mobile homes, while the remaining system supports the existing property; buyers should verify permits, zoning, and intended uses. The combination of retail operations, fuel infrastructure, food-service improvements, and residential space creates a varied mixed-use configuration.

Key Highlights

• 6‑acre mixed‑use property with a 6,400‑square‑foot building
• Established convenience store with gasoline and diesel pumps
• Finished basement includes apartment space

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

$39,582

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

8.33%

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%

$791,640 $791.6K

Cap Rate 7%

$565,457 $565.5K

Cap Rate 9%

$439,800 $439.8K

Market Conditions

NOI Build-Up for 6,400 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

$60.7K $9.48/SF

− Vacancy

−$4.1K −$0.64/SF

EGI

$56.5K $8.84/SF

− OpEx

−$17.0K −$2.65/SF

NOI

$39.6K $6.18/SF

Area

Rockingham County, NC

Vacancy

6.80%

Lease Rate

$9.48 /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%

$791,640

Cap Rate 7%

$565,457

Cap Rate 9%

$439,800

Alternative Uses

Best Use

Specialty Retail

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,003 @ 7.0% cap · market cap 18.11%

Second Best

Mixed Use

$905.1K

$792.0K – $1.06M (±1% cap)

NOI $63,360 @ 7.0% cap · market cap 13.34%

Theoretical Best

Office A

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,704 @ 7.0% cap · market cap 31.10%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Grocery and convenience stores

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 27326, NC

3,679

Population

1,879

Households

2

Avg Household Size

47

Median Age

11%

College-Educated

89%

High-School Grad

65.0 sq mi

ZIP Area

57

Density / Sq Mi

$66,035

Median Household Income

$46,932

Median Earnings

$636

Median Rent

$147,000

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Convenience retail, fuel service, food-preparation space, and apartment area are combined within one commercial property.

Where is this mixed-use property located?

The property is located at 7980 N Carolina 700 Ruffin, NC.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 6‑acre mixed‑use property with a 6,400‑square‑foot building; Established convenience store with gasoline and diesel pumps; Finished basement includes apartment space