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    Property profile & analytics

    108 Boone Rd Eden, NC 27288-4949

    • Grocery and convenience stores
    • 1,800 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2450105
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Exotic 777’s LLC / Tobacco Shop / Gas Station
    • Citgo / Gas Station
    • ATM / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 108 Boone Rd

    Year built
    1987
    Lot size
    0.41 lot acres
    Property size
    1,800 SF
    Zone code
    GEN BUS EDEN
    Property type
    Grocery and convenience stores
    APN
    7070-15-73-0173-00
    APU
    70701573017300

    Description

    This exceptional investment opportunity presents a thriving gas station and convenience store located at 108 Boone Road, Eden, NC. The property benefits from a highly visible and easily accessible location, attracting both local residents and commuters. The substantial retail space is well-suited for continued operation and expansion. The gas station itself features underground fuel tanks, dispensing both regular and diesel gasoline, catering to a broad customer base. A well-stocked convenience store complements the gas station, offering a diverse range of products, from snacks and beverages to everyday necessities. This additional revenue stream significantly enhances the overall profitability of the business. Further boosting income, a lottery machine is also installed within the convenience store. This turnkey operation presents a rare chance to acquire an established and profitable business in a desirable location. The property's strategic placement and diverse revenue streams make it an attractive investment for both seasoned entrepreneurs and those seeking a stable, income-generating asset. The property is offered at $629,000. The lot size is 0 acres. The property type is retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $203,000
      Market price range: $142k - $413k
      AI Estimate
      $158,000
      Market price range: $142k - $267k

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

    Location Insight

    • Map
    • Local Demand
    City
    Eden
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.7584
    Latitude
    36.5038
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,499
    $20,092
    $94,900
    $114,992
    -
    $20,092
    $94,900
    $114,992

    Comparable in this City

    • Value Estimation
      $230,000
      1,774 SF

      622 Nc Hwy 700

      CONVENIENCE STORE • 1,774 SF
      622 Nc Hwy 700, Eden, NC 27288-7805
      View Details
    • Value Estimation
      $235,000
      2,320 SF

      1863 Nc Hwy 135

      CONVENIENCE STORE • 2,320 SF
      1863 Nc Hwy 135, Eden, NC 27288-7585
      View Details
    • Value Estimation
      $235,000
      2,320 SF

      936 Washington St

      CONVENIENCE STORE • 2,320 SF
      936 Washington St, Eden, NC 27288-6034
      View Details
    • Value Estimation
      $220,000
      1,300 SF

      140 The Blvd

      CONVENIENCE STORE • 1,300 SF
      140 The Blvd, Eden, NC 27288-4749
      View Details
    • Value Estimation
      $755,000
      36,266 SF

      723 Van Buren Rd

      GROCERY, SUPERMARKET • 36,266 SF
      723 Van Buren Rd, Eden, NC 27288-5417
      View Details
    • Value Estimation
      $240,000
      2,400 SF

      13899 Nc Hwy 87th N

      CONVENIENCE STORE • 2,400 SF
      13899 Nc Hwy 87th N, Eden, NC 27288-2903
      View Details

    Similar Nearby for Sale

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      Downtown Eden Mixed-Use Property

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    • $350,000

      Multi-Use Facility For Sale

      Multi-use facility with mechanic shop, office, and warehouse space.
      121 Boone Rd, Eden, NC 27288
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    • $450,000
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      Mixed-Use Property in Eden, NC

      Mixed-use property featuring a restaurant and medical office space.
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    • $325,000
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      Kings Highway Retail Opportunity

      Riverfront Eden, NC Commercial Property
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    Similar Nearby for Lease

    • $6,500 /Mo

      Former Bank Building For Lease

      Former bank building with vault and drive-thru available for lease.
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      View Details
    • $10 SF/Yr
      31,800 SF

      Eden Shopping Center: Prime Retail Space

      Retail, Office, Medical - Eden, NC
      660 Pierce St, Eden, NC 27288
      View Details
    • $4 SF/Yr
      533,424 SF

      Prime Rockingham County Industrial Space

      533,424 SF Manufacturing/Warehouse
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      View Details
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    108 Boone Rd
    Eden, NC 27288-4949
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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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