Property profile

700 Lk Frst Dr New London, NC 28127

OFF-MARKET
Turn key restaurants
Property ID
US53-4396661
7,200 SF 5.85 ac lot Built 2021
Individually Owned 8-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2021
Total area 7,200 SF
Lot 5.85 ac (254,826 SF)
APN 6663 16 94 4103
UPID US53-4396661

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
  • Bar & Pub Restaurant

Location

700 Lk Frst Dr New London, NC 28127-7609
New London metro Census 960302
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2017
2 recorded transactions
2017
$1.1M
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $815,000 +42.6%
Retail stores $635,000 +10.6%

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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