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    2487 Sugar Hill Rd Marion, NC 28752
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    2487 Sugar Hill Rd Marion, NC 28752

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    • Retail properties & Spaces
    • 0.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2487 Sugar Hill Rd

    Year built
    2024
    Lot size
    0.81 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a newly constructed (2024) Starbucks QSR property located at 2487 Sugar Hill Rd, Marion, NC 28752. Boasting a strong 9.9-year remaining lease term (expiring 09/30/2034) with a corporate guarantor, Starbucks Corporation, this single-tenant, net-lease property offers a compelling 6.00% cap rate and a substantial $150,000 annual net operating income (NOI). The 0.81-acre lot features 21 parking spaces and benefits from exceptional visibility on Sugar Hill Rd, experiencing 17,000 vehicles per day. The property's strategic location is further enhanced by its proximity to I-40 (0.5 miles, 32,000 VPD), Mission Hospital McDowell, McDowell Technical Community College, and several area high schools, ensuring consistent customer traffic. The lease includes 10% rent bumps every 5 years, providing built-in growth potential. The surrounding area features a robust retail landscape, including major national brands, and is experiencing significant economic growth fueled by the planned construction of a large manufacturing facility. This property is an ideal addition to any diversified real estate portfolio. The building is approximately 1700 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    McDowell
    State
    North Carolina
    Longitude
    -82.0306
    Latitude
    35.6527

    Comparable in this City

    • Value Estimation by Request
      1,465 SF

      1209 Rutherford Rd

      Individual retail properties • 1,465 SF
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    • Value Estimation by Request
      2,355 SF

      2491 Sugar Hill Rd

      Restaurants • 2,355 SF
      2491 Sugar Hill Rd, Marion, NC 28752
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    • Value Estimation
      $560,000
      9,987 SF

      522 Henderson St

      DEPARTMENT STORE • 9,987 SF
      522 Henderson St, Marion, NC 28752-4612
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    • Value Estimation by Request
      81,516 SF

      364 Us-70

      Neighborhood centers • 81,516 SF
      364 Us-70, Marion, NC 28752
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    • Value Estimation
      $520,000
      9,220 SF

      Us Hwy 70

      DEPARTMENT STORE • 9,220 SF
      Us Hwy 70, Marion, NC 28752
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    • Value Estimation by Request
      0.10 Acres

      39 State Street Ext

      Retail properties & Spaces • 0.10 Acres
      39 State Street Ext, Marion, NC 28752
      View Details

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    Marion, NC 28752
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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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