Property profile

1309 Main St China Grove, NC 28023

OFF-MARKET
Turn key restaurants
Property ID
US53-1722630
5,104 SF 1.47 ac lot Built 1999
Individually Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Total area 5,104 SF
Lot 1.47 ac (64,033 SF)
Zoning code NC
APN 117 013
UPID US53-1722630

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

1309 Main St China Grove, NC 28023-2229
China Grove metro Census 51700 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
$549k
Blend (final) Blend
$720k

Owner & transaction history

since 2021
Last sale
$740,000
6 recorded transactions
2021
Price N/A
2014
$740,000
2007
$800,000
2005
$950,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NC · China Grove, NC
Zoning description

The N-C district is intended primarily for local centers designed to serve relatively small trading areas in developed or developing portions of China Grove, incentive is given to encourage mixed use development, As a re…

General category MIXED_USE
Top alternative use upside
Medical building $720,000 +17.4%
Commercial (general) $655,000 +6.7%
Office building $625,000 +1.8%

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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