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    Church St Richfield, NC 28137
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    Church St Richfield, NC 28137

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Church St

    Lot size
    0.90 lot acres
    Property type
    Retail properties & Spaces

    Description

    This 0.9-acre lot at 0 W Church Street in Richfield, North Carolina, presents a fantastic opportunity for retail or fast-food businesses. The property boasts excellent road frontage, ensuring high visibility and accessibility for potential customers. Its strategic location offers significant advantages, situated near a Food Lion grocery store, a gas station, and other fast-food establishments, creating a high-traffic area with established customer flow. This translates to a ready-made customer base and increased potential for success. The property is priced competitively at $149,900, making it an attractive investment for entrepreneurs seeking a well-positioned retail space. The absence of existing structures allows for complete customization to suit specific business needs and branding. This prime location offers a unique chance to establish a thriving business in a bustling commercial area. The property's size and location make it ideal for a variety of retail concepts, from quick-service restaurants to smaller retail shops. Serious inquiries are encouraged to explore this exceptional opportunity to secure a highly visible and convenient retail space in a thriving community. The property is ready for immediate development, offering a swift path to market entry. Don't miss this chance to capitalize on a prime location in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.2597
    Latitude
    35.4678

    Comparable in this City

    • Value Estimation by Request
      46,200 SF

      410 Church St

      Retail properties & Spaces • 46,200 SF
      410 Church St, Richfield, NC 28137
      View Details
    • Value Estimation by Request
      3,985 SF

      298 Hwy 49

      AUTO REPAIR, GARAGE • 3,985 SF
      298 Hwy 49, Richfield, NC 28137
      View Details
    • Value Estimation by Request
      1,606 SF

      12955 Bringle Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,606 SF
      12955 Bringle Fry Rd, Richfield, NC 28137-7909
      View Details
    • Value Estimation by Request
      2,400 SF

      495 Church St

      AUTO REPAIR, GARAGE • 2,400 SF
      495 Church St, Richfield, NC 28137-9714
      View Details
    • Value Estimation
      $600,000
      9,200 SF

      145 Hwy 49

      WHOLESALE OUTLET, DISCOUNT STORE • 9,200 SF
      145 Hwy 49, Richfield, NC 28137
      View Details
    • Value Estimation by Request
      1,812 SF

      213 Hwy 49

      RESTAURANT • 1,812 SF
      213 Hwy 49, Richfield, NC 28137
      View Details

    Similar Nearby for Sale

    • $395,000

      High-Visibility Richfield Retail Space

      Prime Retail Location, High Traffic Area
      417 Church St, Richfield, NC 28137
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    • $1,500,000
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      Corner Lot in Growing Area

      2.58 acre corner lot suitable for retail or apartments.
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    • $149,900
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      Retail or Fast Food Site

      0.9 acre commercial land near Food Lion and gas station.
      W Church St, Richfield, NC 28137
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    • Contact for pricing

      Retail or Fast Food Opportunity

      Retail or fast food space with good road frontage.
      W Church St, Richfield, NC 28137
      View Details
    • $1,500,000
      Pending

      Corner Lot in Growing Area

      Corner lot suitable for retail, gas station, car wash.
      310 W Church St, Richfield, NC 28137
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    • $2,453,055

      Tuckertown River Road Land Opportunity

      Land with development potential near Tuckertown Reservoir in North Carolina.
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    Richfield, NC 28137
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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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