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    Mayodan Commercial Property with Potential Title is generated by Realmo AI

    854 NC Highway 770, Mayodan, NC 27027

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    For Sale
    $219,500

    SINGLE_FAMILY - Mayodan, NC

    Type:Retail
    Property size:
    3,472 SF
    Lot size:
    3.29 Acres
    Price / SF:
    $63/SF
    Added:
    Feb 17, 2026
    Days on Market:
    87
    Last Refresh:
    May 15 at 10:06 am

    Property Features for 854 NC Highway 770

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    RA & NC
    Standard status
    Active
    Size
    3,472 SF
    Lot size
    3.29 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Private

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Phillip Stone
    Phillip Stone

    Listing agent Phillip Stone

    Listing office A New Dawn Realty, Inc Stokesdale, NC

    Listing date Feb 17, 2026

    MLS# 1165456

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

    HighLights

    • 3.29 Acres with Split Zoning, offering both Neighborhood Commercial and Residential possibilities
    • 3400 SQ FT Concrete Block Building featuring unfinished storage space
    • Two Mobile Homes for Additional Rental Income
    • New Roof (2023) on Main Building
    • Two 4,000 Gallon Gas Tanks included
    • Most Equipment Conveys

    Overview

    This property in Mayodan, North Carolina, offers significant potential with its 3.29 acres featuring split zoning (Neighborhood Commercial and Residential). The property includes a one-level, 3400 square foot concrete block building with unfinished space for additional storage. In addition to the main building, there are two mobile homes on the property that offer additional rental income. The property is equipped with one well and three septic systems. There are also two 4,000-gallon gas tanks on site. A new roof was added to the main building in 2023. Most of the equipment conveys with the property. The main building has been used in various capacities over the years, most recently as a gas station, grill, and nightclub. The property is located at 854 NC Highway 770, Mayodan, NC 27027.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Big Box & Wholesale Store Food Market Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Mayodan
    County
    Rockingham
    State
    North Carolina
    Longitude
    -80.006
    Latitude
    36.480836

    Nearby Similar for Sale

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    • $519,000
      9,442 SF

      Mayodan Mixed-Use Investment Opportunity

      Income-producing property with commercial and residential units in Mayodan, NC.
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    • $219,500
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      3.29 Acre Mixed-Use Property

      Sprawling property with commercial building, residential rentals, and gas tanks.
      854 NC-770, Mayodan, NC
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    • $219,500
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      Versatile Property with Mixed Zoning

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      854 NC Highway 770, Mayodan, NC 27027
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    FAQs

    What type of property is this?
    Gas station - 3.29 acres with commercial zoning and multiple income streams.
    Where is this gas station located?
    The property is located at 854 NC Highway 770 Mayodan, NC.
    What is the asking price?
    The asking price for this property is $219,500.
    What are key features of this property?
    This property features: 3.29 Acres with Split Zoning, offering both Neighborhood Commercial and Residential possibilities; 3400 SQ FT Concrete Block Building featuring unfinished storage space; Two Mobile Homes for Additional Rental Income
    (336) 643-4248
    We can help!
    Listing Contact
    Phillip Stone
    Phillip Stone
    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.

    More about this property
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