Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3826 Nc-16 Crumpler, NC 28617

    • Retail properties
    • 10,640 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3826 Nc-16

    Year built
    2022
    Property size
    10,640 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Dollar General store located at 3826 NC-16, Crumpler, NC 28617. The property boasts 10,640 square feet and was newly constructed in 2022, opening December 16th, 2022. The current lease features a 15-year initial term, expiring December 16th, 2037, with two 5-year renewal options. Each option period includes a substantial 10% rent increase, providing built-in growth potential. The property generates a strong net operating income (NOI) of $100,574 annually, translating to a compelling 7.00% capitalization rate. The asking price is $1,436,765, representing a price per square foot of $135.03. Situated in Ashe County, North Carolina, this Dollar General serves a community of approximately 2,000 residents. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a nationally recognized tenant and significant lease term remaining. The property's strong financials and location make it an attractive addition to any portfolio. The current monthly rent is $8,381.13. This is a 1-story building on a single unit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crumpler
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.3966
    Latitude
    36.4676

    Comparable in this City

    • Value Estimation by Request
      6.19 Acres

      Crumpler, NC 28617

      VACANT COMMERCIAL LAND • 6.19 Acres
      Crumpler, NC 28617
      View Details
    • Value Estimation by Request
      2.89 Acres

      Crumpler, NC 28617

      VACANT COMMERCIAL LAND • 2.89 Acres
      Crumpler, NC 28617
      View Details
    • Value Estimation by Request
      0.08 Acres

      Crumpler, NC 28617

      VACANT COMMERCIAL LAND • 0.08 Acres
      Crumpler, NC 28617
      View Details
    • Value Estimation
      $270,000
      5.10 Acres

      270 Shatley Rd

      COMMERCIAL (GENERAL) • 5.10 Acres
      270 Shatley Rd, Crumpler, NC 28617-9380
      View Details
    • Value Estimation by Request

      Crumpler, NC 28617

      VACANT COMMERCIAL LAND
      Crumpler, NC 28617
      View Details
    • Value Estimation by Request

      Airport Rd

      COMMERCIAL (GENERAL)
      Airport Rd, Crumpler, NC 28617
      View Details

    Similar Nearby for Sale

    • $119,900
      10.00 Acres

      10 Acres in Crumpler, NC

      10-acre lot in the Blue Ridge Mountains, Crumpler, North Carolina.
      4 Running Cedar Ln, Crumpler, NC 28617
      View Details
    • $1,800,000
      36.96 Acres

      Riverfront Land with Development Potential

      39.414 acres of riverfront land with development potential in Crumpler.
      Tbd Ballou Farm Rd, Crumpler, NC 28617
      View Details
    • Contact for pricing
      1.41 Acres

      Crumpler Land with Meadow View

      1.411 acre lot with meadow and stream in Crumpler.
      9 Clearview Rdg Rd, Crumpler, NC 28617
      View Details
    • $109,900
      10.07 Acres

      Land with Trout Stream Frontage

      10+ acre land with Big Laurel Creek frontage.
      Tbd-8 Big Laurel Rd, Creston, NC 28617
      View Details
    • Contact for pricing
      0.48 Acres

      Land in River Bend Heights

      Lot in a small cabin community near the New River.
      15a River Bend Hills Rd, Crumpler, NC 28617
      View Details
    • Contact for pricing
      1.07 Acres

      Crumpler, NC Wooded Acreage

      One-acre wooded property in Crumpler, NC, ideal for mountain retreat.
      Tbd Walnut Hl Cir, Crumpler, NC 28617
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3826 Nc-16
    Crumpler, NC 28617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.