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    Property profile & analytics

    1201 Main St Yadkinville, NC 27055

    • Drive through restaurants
    • 1,176 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2020
    $180,000
    Value Estimations
    $175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4791849
    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

    • Drive through restaurants

    Property Details for 1201 Main St

    Year built
    2004
    Lot size
    0.60 lot acres
    Property size
    1,176 SF
    Property type
    Drive through restaurants
    APN
    155841
    APU
    155841

    Description

    This exceptional turnkey fast-food property at 1201 W Main Street, Yadkinville, NC, is priced at $425,000. The property boasts a highly desirable location offering unparalleled visibility and convenient access for customers. The building includes all necessary equipment for immediate operation, eliminating the need for extensive upfront investment. A key feature is the inclusion of a drive-through lane, catering to the efficiency demands of the fast-food industry. Ample parking is provided with dedicated paved areas at the front and side of the building. Customers can enjoy their meals in the comfortable interior seating area, featuring both booths and tables. Two bathrooms are conveniently located for customer use. Beyond the main building, a storage shed provides additional space for supplies and equipment. The outdoor seating area adds to the overall appeal and functionality of the property. This well-maintained property presents a rare opportunity to acquire a fully operational and strategically positioned fast-food establishment in a thriving location. The property sits on a lot of 0 acres. This is an exceptional opportunity for a quick and profitable business venture. Don't miss out on this chance to own a successful, established business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $180,000
      ML approach
      $175,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $153,000
      Market price range: $87.5k - $192k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $145,000
      Current use
      OFFICE BUILDING
      $170,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $170,000
      Change: +18% Conversion: Easy
      RETAIL STORES
      $115,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Yadkinville
    County
    Yadkin
    State
    North Carolina
    Longitude
    -80.6814
    Latitude
    36.136
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, 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
    $1,210
    $71,874
    $100,938
    $172,812
    -
    $71,874
    $100,938
    $172,812

    Comparable in this City

    • Value Estimation
      $305,000
      2,276 SF

      705 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,276 SF
      705 State St, Yadkinville, NC 27055-7756
      View Details
    • Value Estimation
      $225,000
      3,130 SF

      624 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,130 SF
      624 State St, Yadkinville, NC 27055-8197
      View Details
    • Value Estimation
      $265,000
      3,534 SF

      Us 601st Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,534 SF
      Us 601st Hwy, Yadkinville, NC 27055
      View Details
    • Value Estimation
      $250,000
      2,642 SF

      908 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,642 SF
      908 State St, Yadkinville, NC 27055-6765
      View Details
    • Value Estimation
      $245,000
      1,285 SF

      216 Elm St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,285 SF
      216 Elm St, Yadkinville, NC 27055-8258
      View Details
    • Value Estimation
      $320,000
      2,250 SF

      713 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,250 SF
      713 State St, Yadkinville, NC 27055-7756
      View Details

    Similar Nearby for Sale

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      Expansive Land Tract in Yadkinville

      123+/- acre vacant land with rolling hills and open views.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Former Walgreens Retail Space Available

      8,000 SF retail space in high-traffic Yadkinville center.
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    • $12 SF/Yr
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      Yadkinville Retail Space Available

      8,000 SF Retail Space - High Traffic Area
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    • $2,871,429
      2,000 SF

      New Construction Flex Space Available

      Flex space with shared dock and drive-in doors for lease.
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    • $6,000 /Mo
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      View Details
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    1201 Main St
    Yadkinville, NC 27055
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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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