Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nearly Six-Figure Earnings On Pizza Restaurant For Sale In Nc Coastal Town Jacksonville, NC 28540
    Back to Search
    Property profile & analytics

    Nearly Six-Figure Earnings On Pizza Restaurant For Sale In Nc Coastal Town, Jacksonville, NC 28540

    View on Map
    • Retail properties & Spaces
    • 2,935 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Nearly Six-Figure Earnings On Pizza Restaurant For Sale In Nc Coastal Town

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This thriving pizza restaurant in Sneeds Ferry, NC, boasts impressive financials: $773,000 in sales and approximately $118,000 in net earnings. Located in a 2,935 square foot space, this turnkey operation includes all equipment necessary for immediate operation. The extensive inventory includes two large mixers (Hobart and Globe), walk-in cooler, ice machine, slicers, multiple sinks, ample refrigeration, and a wide array of smallwares. The current lease, at $3,355.89 per month (including CAMS, taxes, and insurance), expires April 30, 2024, with potential for lease renewal negotiation. The restaurant has a strong reputation for high-quality, affordable food, attracting both locals and tourists in this growing coastal community near Topsail Island. The current owner is retiring, presenting a unique opportunity for a new owner to step in and capitalize on the established success. The sale includes 20 tables, 68 chairs, various ovens, a grill, and a comprehensive POS system. The business employs 17 people and has been operating for 17.5 years. Financing options are available for qualified buyers. This is a rare chance to acquire a profitable, established restaurant in a desirable coastal location. The sale price is $299,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.4302
    Latitude
    34.7541

    Comparable in this City

    • Value Estimation by Request
      1,960 SF

      000 In Sales

      Restaurants
      000 In Sales, Jacksonville, NC 28540
      View Details
    • Value Estimation by Request
      4,950 SF

      917 Marine Blvd

      Individual retail properties
      917 Marine Blvd, Jacksonville, NC 28540
      View Details
    • Value Estimation by Request

      195 Clayton James Rd

      Multifamily properties
      195 Clayton James Rd, Jacksonville, NC 28540
      View Details
    • Value Estimation by Request
      1.80 Acres

      980 Wells Rd

      Land
      980 Wells Rd, Jacksonville, NC 28540
      View Details
    • Value Estimation by Request
      0.43 Acres

      303 Chaney Ave

      COMMERCIAL (GENERAL)
      303 Chaney Ave, Jacksonville, NC 28540-5452
      View Details
    • Value Estimation by Request
      0.20 Acres

      126 Chaney Ave

      COMMERCIAL (GENERAL)
      126 Chaney Ave, Jacksonville, NC 28540-4805
      View Details

    Similar Nearby for Sale

    • $5,001,442
      17.52 Acres

      Prime Commercial Acreage in Jacksonville

      Premier commercial acreage ideal for retail and multi-family developments.
      2874 Richlands Hwy, Jacksonville, NC 28540
      View Details
    • Contact for pricing
      11,740 SF

      Leased Restaurant and Retail Spaces

      Fully leased restaurant and retail spaces with immediate income.
      109-115 Henderson Dr, Jacksonville, NC 28540
      View Details
    • Contact for pricing
      Pending

      Established Jacksonville Bar For Sale

      Two-story bar with potential for commercial use conversion.
      222 Henderson Dr, Jacksonville, NC 28540
      View Details
    • Contact for pricing
      2,520 SF

      Established Restaurant Building For Sale

      Restaurant building on corner lot with existing infrastructure.
      1301 Gum Branch Rd, Jacksonville, NC 28540
      View Details
    • Contact for pricing
      765 SF

      Commercial Property with Business Potential

      Commercial-zoned property suitable for business and residential use.
      500 Beacham Ln, Jacksonville, NC 28540
      View Details
    • Contact for pricing
      Pending

      Highway 17 Commercial Property Opportunity

      Commercial property on Highway 17 South with high visibility.
      2586 Wilmington Hwy, Jacksonville, NC 28540
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail/Restaurant/Office Space Available

      4,500± SF space ideal for retail, restaurant, or office.
      1201-1223 Hargett St, Jacksonville, NC 28540
      View Details
    • $3,500 /Mo
      3,910 SF

      Versatile Commercial Space in Jacksonville

      3,910 SF commercial space in New River Shopping Center.
      1239 Hargett St, Jacksonville, NC 28540
      View Details
    • $5,000 /Mo
      2,520 SF

      Former Pizza Hut Restaurant Location

      High-visibility corner lot restaurant, ready for new concept.
      1301 Gum Branch Rd, Jacksonville, NC 28540
      View Details
    • Contact for pricing

      Move-In Ready Restaurant with Drive-Thru

      Former restaurant with drive-thru, outdoor dining, and ample parking.
      1105 Gum Branch Rd, Jacksonville, NC 28540
      View Details
    • Contact for pricing

      Move-In Ready Restaurant with Drive-Thru

      Former restaurant with drive-thru, outdoor dining, and ample parking.
      1105 Gum Branch Rd, Jacksonville, NC 28540
      View Details
    • $1,700 /Mo
      2,475 SF

      Retail Space in Commercial Corridor

      Retail space in Jacksonville's main commercial corridor for rent.
      917 N Marine Blvd, Jacksonville, NC 28540
      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.
    Nearly Six-Figure Earnings On Pizza Restaurant For Sale In Nc Coastal Town
    Jacksonville, NC 28540
    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

    Thank You for Inquiry
    Nearly Six-Figure Earnings On Pizza Restaurant For Sale In Nc Coastal Town, Jacksonville, NC, 28540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!