Property profile

805 4th Ave Red Springs, NC 28377

OFF-MARKET
Turn key restaurants
Property ID
US53-3117533
43,612 SF 5.82 ac lot Built 1995
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Construction FRAME
Total area 43,612 SF
Lot 5.82 ac (253,519 SF)
APN 17050102602
UPID US53-3117533

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
  • Take-out & Catering
  • Big Box & Wholesale Store
  • Cinema (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store Food Market
  • Bank Credit Union

Location

805 4th Ave Red Springs, NC 28377-1639
Red Springs metro Census 960302 LUMBERTON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.58M
Blend (final) Blend
$5.92M

Owner & transaction history

since 2019
4 recorded transactions
2019
$533,000
2017
Price N/A
2013
$250,000
2005
$310,000

Zoning & alternative use

Top alternative use upside
Office building $4.2M +8.4%
Commercial (general) $4.2M +8.0%

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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