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    413 W Main St Havelock, NC 28532
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    413 W Main St Havelock, NC 28532

    View on Map
    • Drive through restaurants
    • 2,694 SF
    • 0.87 lot acres
    For Sale
    $679,000
    View Listing →
    Former Restaurant with Drive-Thru For Sale
    $679,000
    2,694 SF

    Former Restaurant with Drive-Thru

    Former restaurant with drive-thru, ideal for restaurant or commercial use.

    413 W Main St, Havelock, NC 28532
    View Listing
    Property ID
    US53-3463172
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Good Vibez Coffee and Wine Cafe / Cafe & Coffee Shop

    Property Details for 413 W Main St

    Year built
    1984
    Lot size
    0.87 lot acres
    Property size
    2,694 SF
    Property type
    Drive through restaurants
    APN
    6-053 -013
    APU
    6053013

    Description

    This exceptional 2,694 square foot commercial property, located at 413 W Main St, Havelock, NC 28532, presents a unique investment opportunity. Previously a Wendy's restaurant, the building underwent a complete renovation in 2022, offering a modern and move-in ready space. The single-tenant property sits on a 0.869-acre lot and features 43 parking spaces, ensuring ample customer convenience. Its Highway Commercial (HC) zoning allows for a variety of retail or restaurant uses. Built in 1984, the one-story building is well-maintained and benefits from high visibility due to its prime location in a bustling commercial area. The property's APN is 6-053-013. Electricity is available. This versatile space is perfect for an owner-operator or investor looking for a high-traffic location with significant potential. The property offers a blend of modern updates and a strong location, making it an attractive option for businesses seeking to establish or expand their presence in Havelock, North Carolina. The ample parking and convenient access further enhance its appeal. This is a rare opportunity to acquire a well-positioned, renovated commercial property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.922
    Latitude
    34.8897
    CBSA code
    35100
    CBSA name
    NEW BERN, NC MICROPOLITAN 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
    $1,848
    $0.00
    $160,000
    $160,000
    -
    $0.00
    $160,000
    $160,000

    Comparable in this City

    • Value Estimation
      $1,065,000
      3,820 SF

      1001 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,820 SF
      1001 Main St, Havelock, NC 28532-2341
      View Details
    • Value Estimation by Request
      1,824 SF

      609 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,824 SF
      609 Main St, Havelock, NC 28532-2337
      View Details
    • Value Estimation
      $1,250,000
      2,991 SF

      1419 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,991 SF
      1419 Main St, Havelock, NC 28532-1822
      View Details
    • Value Estimation
      $1,565,000
      3,692 SF

      1015 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,692 SF
      1015 Main St, Havelock, NC 28532-2341
      View Details
    • Value Estimation by Request
      1,192 SF

      409 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,192 SF
      409 Main St, Havelock, NC 28532-2611
      View Details
    • Value Estimation by Request
      1,633 SF

      225 Us Hwy 70th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,633 SF
      225 Us Hwy 70th W, Havelock, NC 28532-9432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,694 SF

      Former Restaurant with Drive-Thru

      Former restaurant with drive-thru, ideal for restaurant or commercial use.
      413 W Main St, Havelock, NC 28532
      View Details
    • $679,000

      Retail/Restaurant Opportunity in Havelock

      2,694 SF retail/restaurant building, renovated in 2022, HC zoning.
      413 West Main St, Havelock, NC 28532
      View Details
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      Havelock Retail/Restaurant Opportunity For Sale

      2,694 SF retail/restaurant building renovated in 2022, highway commercial zoning.
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      Turn-Key Metal Building on Corner

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    View Listing
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    Havelock, NC 28532
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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.

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    413 W Main St, Havelock, NC, 28532
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