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    20 Main St Franklinton, NC 27525-1357
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    Property profile & analytics

    20 Main St, Franklinton, NC 27525-1357

    View on Map
    • Office buildings
    • 2,834 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Oct 8, 2020
    $50,000
    Property ID
    US53-2063829
    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.
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Owls Roost Brewery / Bar & Pub / Restaurant
    • Eli's Tavern / Restaurant
    • The After Life Bar & Grill / Bar & Pub / Restaurant

    Property Details for 20 Main St

    Year built
    1940
    Lot size
    0.12 lot acres
    Zone code
    C-2D
    Property type
    Office buildings
    APN
    8381
    APU
    8381

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 8, 2020 $429,000 Owls Roost Outdoors LLC Franklinton Dev LLC Warranty Deed —
    Apr 30, 2020 — Franklinton Dev LLC Box Office Partners LLC Warranty Deed —
    Nov 21, 2019 $50,000 Box Office Partners LLC Kenneth R Bolick Warranty Deed —

    Description

    This exceptional turn-key restaurant presents a lucrative investment opportunity in the revitalized downtown area of Franklinton, North Carolina. Located on South Main Street, this property boasts high visibility and is conveniently situated near ample parking, ensuring easy access for customers. The sale includes all existing equipment, minimizing the start-up costs for a new owner. The restaurant benefits from an already established customer base, providing a solid foundation for continued success. A recently added patio area expands seating capacity and enhances the dining experience, catering to a wider range of customer preferences. The property sits on a 0.08-acre lot, providing sufficient space for outdoor operations and potential future expansion. Priced at $1,100,000, this is a rare chance to acquire a thriving business in a rapidly developing downtown location. The property's prime location and existing infrastructure make it an ideal acquisition for an experienced restaurateur or a savvy investor seeking a profitable venture in a vibrant community. This is a truly exceptional opportunity to own a well-established and successful restaurant with significant growth potential. The turnkey nature of this offering minimizes the time and resources required to begin operations, allowing for a swift and seamless transition to new ownership. Don't miss this chance to own a piece of Franklinton's revitalized downtown.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $704,000
      Market price range: $151k - $705k
      AI Estimate
      $719,000
      Market price range: $151k - $720k

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklinton
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.4562
    Latitude
    36.104
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, 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
    2024
    $10,784
    $130,430
    $693,800
    $824,230
    -
    $130,430
    $693,800
    $824,230

    Comparable in this City

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      5,857 SF

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      26 Main St, Unit 28

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      15 Main St

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      6,030 SF

      1 Main St

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    • Value Estimation by Request
      988 SF

      9 Mason St

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    • Value Estimation by Request
      2,520 SF

      208 Mason St

      OFFICE BUILDING
      208 Mason St, Franklinton, NC 27525-1334
      View Details

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      10.5 Acre Land Opportunity

      10.5 acre land suitable for hotel, retail, office.
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      Secluded Land for Horse Farm

      Open, fenced pasture with wooded areas and horse riding trails.
      00 Lane Store Rd, Franklinton, NC 27525
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    • $330,000
      23.50 Acres

      Franklin County Usable Rural Acreage

      23.5 acres in growing Franklin County, near Franklinton, NC.
      187 Clarence Alston Rd, Franklinton, NC 27525
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    • New
      Contact for pricing
      Pending

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    Franklinton, NC 27525-1357
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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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