Property profile

1039 Nc Hwy 87 Elon, NC 27244

OFF-MARKET
Turn key restaurants
Property ID
US53-1325819
1,645 SF 0.72 ac lot Built 1989
Individually Owned Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Total area 1,645 SF
Lot 0.72 ac (31,320 SF)
APN 117242
UPID US53-1325819

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1039 Nc Hwy 87 Elon, NC 27244-8400
Elon metro Census 21600 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2025
Last sale
$400,000
5 recorded transactions
2025
$550,000
2023
$400,000
2019
Price N/A
2014
$165,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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