Property profile

500 Boundary St Newton, NC 28658

OFF-MARKET
Drive through restaurants
Property ID
US53-1527043
1,629 SF 1.31 ac lot Built 2002
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2002
Construction WOOD
Total area 1,629 SF
Lot 1.31 ac (57,064 SF)
Zoning code B-4
APN 3731-12-85-9478
UPID US53-1527043

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 Take-out & Catering

Location

500 Boundary St Newton, NC 28658-9520
Newton metro Census 11200 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$165k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2013
2 recorded transactions
2013
$1.0M
1969
Price N/A

Zoning & alternative use

B-4 · Newton, NC
Zoning description

The B-4 districts are intended to provide for a mixture of retail, service, transportation, storage and related activities which do not require a central location.

General category COMMERCIAL

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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