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    6888 Nc-99 Pantego, NC 27860
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    6888 Nc-99, Pantego, NC 27860

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    • Retail properties & Spaces
    • 1,812 SF
    • 0.29 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6888 Nc-99

    Year built
    1977
    Lot size
    0.29 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional business opportunity presents a thriving country store and restaurant in Pantego, NC, situated on a highly visible 0.29-acre corner lot at 6888 NC-99. The 1,812 square foot building, constructed in 1977 and zoned commercial (APN 7710-05-1458), boasts a fully equipped grill with brand new kitchen equipment, ready to serve customers. The established business enjoys a loyal clientele and strong reputation, promising immediate returns and long-term investment potential. The building is in very good condition, minimizing maintenance needs and maximizing profitability. The property's location on a busy highway offers significant visibility and potential for expansion, such as adding gas sales to further increase revenue streams. This versatile property is ideal for entrepreneurs seeking an established business or those with innovative ideas for future growth. The asking price is $465,000. This is a rare opportunity to own a successful business in a desirable location. Don't miss out!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pantego
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.6092
    Latitude
    35.6649

    Comparable in this City

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      41.93 Acres

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    • Value Estimation by Request
      3,486 SF

      25998 Us Hwy 264th E

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      25998 Us Hwy 264th E, Pantego, NC 27860-9404
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    • Value Estimation by Request
      6,000 SF

      405 Mainstem Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      405 Mainstem Rd, Pantego, NC 27860-9214
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      3,090 SF

      51 Swamp Rd

      RESTAURANT
      51 Swamp Rd, Pantego, NC 27860-9230
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    • Value Estimation by Request
      0.17 Acres

      233 Pne St

      CONVENIENCE STORE (W/FUEL PUMP)
      233 Pne St, Pantego, NC 27860-9375
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    • Value Estimation by Request
      1,080 SF

      Us 264

      SERVICE STATION (FULL SERVICE)
      Us 264, Pantego, NC 27860
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    Similar Nearby for Sale

    • Contact for pricing
      1,812 SF

      Thriving Country Store on Corner

      Established country store with grill on corner lot for sale.
      6888 Nc Highway 99 N, Pantego, NC 27860
      View Details
    • $298,000
      47.00 Acres

      Farmland with Highway Frontage

      47 acres of farmland with road frontage on Hwy 45.
      Nc 99, Pantego, NC 27860
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    • $221,000
      Pending

      26 Acres Farmland and Impoundment

      26 acres with farmland, duck impoundment, and road frontage.
      26 Ac Nc 99, Pantego, NC 27860
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    Pantego, NC 27860
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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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