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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    410 Church St Richfield, NC 28137

    • Retail properties
    • 46,200 SF
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coinstar / Bank / Credit Union
    • Western Union / Bank / Credit Union
    • Primo Water Exchange / Big Box & Wholesale Store
    • Food Lion / Grocery & Convenience Store / Food Market
    • ATM / Atm

    Property Details for 410 Church St

    Property size
    46,200 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity presents a 1,400 square foot vacant space within the thriving Richfield Plaza, located at 410 W. Church Street, Richfield, NC 28137. The property is a single-tenant strip center totaling 46,200 square feet, offering high visibility and accessibility due to its strategic location on Highway 49 in Stanly County. The center boasts a strong tenant mix, anchored by a Food Lion grocery store, and includes other established businesses such as CVS and Subway. This location benefits from significant traffic flow and a well-established customer base. The outparcel area further enhances the property's appeal, featuring prominent national tenants including McDonald's, Bojangles, First Bank, and a KFC/Taco Bell combination. This presents a unique chance to establish a business within a vibrant and successful retail environment. The available space is ideal for a variety of retail uses and offers excellent potential for growth and profitability. The property's location in Richfield, North Carolina, provides access to a substantial consumer market. This is a rare opportunity to secure a space in a well-established center with strong anchor tenants and high visibility. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.2675
    Latitude
    35.4732

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      Church St

      Retail properties • 0.90 Acres
      Church St, Richfield, NC 28137
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    • Value Estimation by Request
      3,985 SF

      298 Hwy 49

      AUTO REPAIR, GARAGE • 3,985 SF
      298 Hwy 49, Richfield, NC 28137
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    • 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
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    • 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

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      Tuckertown River Road Land Opportunity

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    410 Church St
    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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