Restaurant Building with
For Sale
Contact for pricing
954 Blowing Rock Blvd, Lenoir, NC 28645
The layout includes dedicated dining, kitchen, and bar areas for restaurant operations.
Property Size6,598 SF
Price / SF$227.34
Days on Market891
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Property Features for 954 Blowing Rock Blvd
General Information
Standard status
Active
Size
6,598 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
New South Properties
Listed By:
William Buchanan · License #NC 315599
Source:
Crexi
Added: May 8, 2024
Changed: Oct 4
Last Checked: Oct 14 at 9:16PM
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 New South Properties
Investment Insights
Based on property information with market context.
This vacant restaurant property contains 6,598 square feet with a dedicated dining area, fully equipped kitchen, bar space, and on-site parking. The improvements were formerly occupied by Dodge City Steak House and are configured for restaurant use.
The property is located at 954 Blowing Rock Blvd in Lenoir, North Carolina, along US Hwy 321. Its central community setting is surrounded by established businesses, with access from a highway-oriented commercial corridor.
The property is located at 954 Blowing Rock Blvd in Lenoir, North Carolina, along US Hwy 321. Its central community setting is surrounded by established businesses, with access from a highway-oriented commercial corridor.
Key Highlights
- 6,598‑square‑foot vacant restaurant property
- Dining area, commercial kitchen, and bar space included
- Formerly occupied by Dodge City Steak House
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,055
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,100
$1.3M
Cap Rate 7%
$915,071
$915.1K
Cap Rate 9%
$711,722
$711.7K
Market Conditions
NOI Build-Up for 6,598 SF
Gross rent
$91.1K $13.80/SF
− Vacancy
−$5.6K −$0.86/SF
EGI
$85.4K $12.94/SF
− OpEx
−$21.4K −$3.24/SF
NOI
$64.1K $9.71/SF
Area
Caldwell County, NC
Vacancy
6.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,100
Cap Rate 7%
$915,071
Cap Rate 9%
$711,722
Alternative Uses
Best Use
Specialty Retail
$915.1K
$800.7K – $1.07M
NOI $64,055 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,399 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28645, NC
46,004
Population
21,558
Households
2.1
Avg Household Size
45
Median Age
17%
College-Educated
82%
High-School Grad
329.1 sq mi
ZIP Area
140
Density / Sq Mi
$50,529
Median Household Income
$34,526
Median Earnings
$726
Median Rent
$157,800
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The layout includes dedicated dining, kitchen, and bar areas for restaurant operations.
Where is this conventional restaurant located?
The property is located at 954 Blowing Rock Blvd Lenoir, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,598‑square‑foot vacant restaurant property; Dining area, commercial kitchen, and bar space included; Formerly occupied by Dodge City Steak House
