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    119 N Main St Stanley, NC 28164

    • Turn key restaurants
    • 2,400 SF
    • 0.51 lot acres
    For Sale
    View listing
    $849,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2083227
    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

    • Pop’s Country Skillet / Restaurant / American Restaurant

    Property Details for 119 N Main St

    Year built
    1979
    Lot size
    0.51 lot acres
    Property size
    2,400 SF
    Zone code
    REST2
    Property type
    Turn key restaurants
    APN
    133920
    APU
    133920

    Description

    This exceptional commercial property, located at 119 N Main Street in the vibrant town of Stanley, North Carolina, presents a unique investment opportunity. The 0.51-acre lot offers significant potential for a variety of commercial ventures. Its prime location on North Main Street ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The property's size allows for ample space for development, accommodating a range of building plans and designs. The asking price is $1,200,000, reflecting the property's strategic location and development potential within the thriving Stanley community. This is a rare chance to acquire a substantial commercial lot in a desirable area, poised for growth and success. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures provides a blank canvas for a custom-designed commercial building, tailored to meet specific business needs. This presents an opportunity to create a property that perfectly aligns with the vision of the future owner. The property's location within Stanley offers access to a strong local market and a supportive business environment. Further investigation into zoning regulations and development possibilities is recommended.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $138,000
      Market price range: $118k - $311k

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

    Location Insight

    • Map
    • Local Demand
    City
    Stanley
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.0966
    Latitude
    35.3598
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 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
    2024
    $2,579
    $97,750
    $139,070
    $236,820
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $205,000
      3,047 SF

      501 Hwy 27

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      501 Hwy 27, Stanley, NC 28164-2045
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    • Value Estimation
      $405,000
      23,275 SF

      210 Main St

      RESTAURANT • 23,275 SF
      210 Main St, Stanley, NC 28164-2011
      View Details
    • Value Estimation
      $190,000
      2,154 SF

      106 Mariposa Rd

      RESTAURANT • 2,154 SF
      106 Mariposa Rd, Stanley, NC 28164-9644
      View Details
    • Value Estimation
      $190,000
      2,520 SF

      206 Hwy 27

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,520 SF
      206 Hwy 27, Stanley, NC 28164-2089
      View Details
    • Value Estimation
      $215,000
      0.64 Acres

      Carpenter St

      PARKING LOT • 0.64 Acres
      Carpenter St, Stanley, NC 28164
      View Details
    • Value Estimation
      $215,000
      0.44 Acres

      103 Durham Rd

      PARKING LOT • 0.44 Acres
      103 Durham Rd, Stanley, NC 28164-2129
      View Details

    Similar Nearby for Sale

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      Stanley Commercial Opportunity For Sale

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    • $40,000

      Vacant Lot in Downtown Stanley

      Vacant commercial land in the heart of downtown Stanley.
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      Stanley, NC Land Opportunity

      8.29 acres of wooded land for sale in Stanley, NC.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Retail Space Ideal for Fitness

      Retail space suitable for a fitness concept with parking.
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    • $10 SF/Yr
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      Retail Space in Stanley District

      Former pharmacy building in Stanley's retail district, suitable for retail/office.
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      View Details
    • Contact for pricing
      114,000 SF

      Stanley, NC Industrial Warehouse

      ±70,000 SF Warehouse Space Available
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      View Details
    • New
      $700 /Mo

      Mount Holly Office Space Rental

      Office space for rent in Mount Holly, North Carolina.
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      View Details
    • Contact for pricing
      275,000 SF

      Available Warehouse Space in Stanley

      220,000 SF warehouse space with dock and drive-in doors.
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      View Details
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    119 N Main St
    Stanley, NC 28164
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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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