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    64 Acres Of Real Est Available With Turn Ky Sherrills Ford, NC 28673
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    64 Acres Of Real Est Available With Turn Ky Sherrills Ford, NC 28673

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    • Retail properties & Spaces
    • 14,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 64 Acres Of Real Est Available With Turn Ky

    Year built
    2023
    Property size
    14,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Exceptional opportunity to acquire a turnkey restaurant and expansive real estate holding in the desirable Lake Norman area of Sherrills Ford, North Carolina. This 14,000 square foot restaurant, built in 2023, sits on approximately 64 acres and is offered at $3,499,000. Seller financing is available, making this a compelling investment for discerning buyers. The property boasts a fully equipped commercial kitchen, a spacious dining area with seating for 127, and a large patio featuring a fire pit. Existing equipment includes multiple refrigerators, freezers, prep tables, a hood system, warming lights, a 1300-gallon smoker, and POS systems. While currently non-operational, the previous establishment, Bohemian Cattle Company, provides brand recognition within the community. The substantial acreage presents multiple revenue stream possibilities, including expansion of the existing restaurant or development of complementary businesses. The property's location near Lake Norman offers significant appeal to both residents and tourists. This is a rare opportunity to acquire a substantial property with significant potential for growth and profitability. High-quality 3D walkthroughs, drone videos, and pictures are available upon request. The property is an asset sale. The restaurant has a capacity for 127 indoor seats. The property is not a franchise. The real estate is for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sherrills Ford
    County
    Catawba
    State
    North Carolina
    Longitude
    -80.9982
    Latitude
    35.6111

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      Restaurant for Sale - Lucrative Growth Potential Rare Opportunity Turn Ky

      Restaurants • 14,000 SF
      Restaurant for Sale - Lucrative Growth Potential Rare Opportunity Turn Ky, Sherrills Ford, NC 28673
      View Details
    • Value Estimation by Request
      9,308 SF

      6747 Nc 150th Hwy

      RESTAURANT • 9,308 SF
      6747 Nc 150th Hwy, Sherrills Ford, NC 28673-9305
      View Details
    • Value Estimation by Request
      1,620 SF

      7343 Gabriel St

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,620 SF
      7343 Gabriel St, Sherrills Ford, NC 28673-7728
      View Details
    • Value Estimation by Request
      1,200 SF

      7564 Nc 150th Hwy

      RESTAURANT • 1,200 SF
      7564 Nc 150th Hwy, Sherrills Ford, NC 28673-9313
      View Details
    • Value Estimation by Request
      2,400 SF

      4409 Bach Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      4409 Bach Dr, Sherrills Ford, NC 28673
      View Details
    • Value Estimation by Request
      2,132 SF

      4145 Slanting Brg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,132 SF
      4145 Slanting Brg Rd, Sherrills Ford, NC 28673-9257
      View Details

    Similar Nearby for Sale

    • $5,500,000

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    • $5,500,000
      6.40 Acres

      Lake Norman Waterfront Development Opportunity

      6.4 acres with private beach access on Lake Norman.
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      Sherrills Ford Corner Building Lot

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      Land Near Lake Norman

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      Sherrills Ford Land Opportunity

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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.

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