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    151 Moore Rd King, NC 27021

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    For Sale
    Contact for pricing

    8-Acre Retail Development Opportunity

    Property size:
    1,250 SF

    Property Features for 151 Moore Rd

    General Information

    Property type
    Grocery and convenience stores
    Square Feet
    1,250 SF

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    Listing Contact
    Kent Hunter
    Kent Hunter

    Listing Agency: KENT HUNTER REALTY LLC Listing Agent: Kent Hunter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 8-acre site in King, NC (151 Moore Rd, 27021), presents a prime opportunity for a large-format retail development. The property offers flexibility, accommodating a build-to-suit option or a ground lease arrangement. The site is strategically located adjacent to a 14-unit retail market center (currently under construction, with tenant occupancy anticipated in October/November 2023) featuring 12 upper-level office suites. Further enhancing the location's appeal are 64 planned rental townhomes (renting for $1500-$1800/month) and 122 single-family homesites (average build price $480,000+). The existing market center offers immediate synergy and increased foot traffic potential. The property also includes three available outparcels. The site is ready for immediate development, with all utilities already in place. Available space within the existing market center includes main-level retail spaces ranging from 1200 to 1560 square feet, main-level and upper-level restaurant spaces (3200+ sq ft and 1750-2000 sq ft respectively), and six upper-level office spaces (1600-7000 sq ft). All spaces are ready for tenant improvements. The total available space for the anchor site ranges from 1,250 to 70,000 square feet, suitable for a variety of grocery store or other large retail concepts. The property is currently 30% occupied. This is a unique opportunity to establish a significant retail presence in a rapidly growing community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    King
    County
    Stokes
    State
    North Carolina
    Longitude
    -80.341932387568
    Latitude
    36.277003231659

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    FAQs

    What type of property is this?
    Grocery and convenience store - 8-Acre Retail Development Opportunity
    Where is this grocery and convenience store located?
    The property is located at 151 Moore Rd King, NC.
    What are key features of this property?
    This property features: 8-acre site available for large-format retail development in King, NC (151 Moore Rd, 27021).; Developer will consider ground lease or build-to-suit options.; Adjacent to a 14-unit retail center (opening Oct/Nov 2023) with 12 upper-level office suites, plus 64 planned townhomes ($1500-$1800/month rent) and 122 single-family homesites (avg. $480,000+ build price).
    (336) 682-4075 Call to check price and availability
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    151 Moore Rd King, NC 27021
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    King, NC 27021
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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
    151 Moore Rd King, NC 27021
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    Contact for Pricing
    Please call us for current price
    and status of this listing Kent Hunter
    Kent Hunter
    Real Estate License ID: 268274
    (336) 682-4075
    Learn more
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