Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Thomasville, NC Title is generated by Realmo AI

    116 E Main Street, Thomasville, NC 27360

    View on Map
    Claim this Listing
    Picture of Retail space at 116 E Main Street, Thomasville, NC
    For Sale
    $595,000

    SINGLE_FAMILY - Thomasville, NC

    Type:Retail
    Property size:
    3,243 SF
    Price / SF:
    $183/SF
    Added:
    Apr 15, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 1 at 2:06 pm

    Property Features for 116 E Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C2
    Standard status
    Active
    Size
    3,243 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Rick Vaughn

    Listing agent Rick Vaughn

    Listing office Price REALTORS High Point, NC

    Listing date Apr 15, 2026

    MLS# 1216253

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1988
    • Public water source
    • Public sewer
    • Location: Latitude 35.884186, Longitude -80.079155

    Overview

    This commercial real estate is a retail space located in Thomasville, North Carolina. The property, situated at 116 E Main Street, offers 3,243 square feet of space. It is located in Davidson County and has a C2 zoning designation.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $58.4k $18.00
    − Vacancy −$1.6k −$0.50
    EGI $56.7k $17.50
    − OpEx −$17.0k −$5.25
    NOI $39.7k $12.25
    3,243 SF · lease $18.00/SF/yr · vacancy 2.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $567.4K
    $496.5K – $662.0K (±1% cap)
    NOI $39,718 @ 7.0% cap · market cap 6.68%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $822.8K
    $720.0K – $959.9K (±1% cap)
    NOI $57,596 @ 7.0% cap · market cap 9.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Los Agaves Mexican ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.079155
    Latitude
    35.884184

    Nearby Similar for Sale

    • $550,000
      13,542 SF

      Versatile Industrial Complex in Thomasville

      Adaptable industrial complex for manufacturing, warehousing, or distribution.
      145 Bonnie Regan Road, Thomasville, NC 27360
      View Details
    • $510,000
      1,865 SF

      Updated Office Space For Sale

      Updated office space featuring a conference room and exterior storage.
      4217 Meadowbrook View Road, Thomasville, NC 27360
      View Details
    • $299,900
      2,624 SF

      Thomasville Multifamily Investment Opportunity

      Four one-bedroom units near the Triad with ample parking.
      106 College Street, Thomasville, NC 27360
      View Details
    • $949,000
      30,524 SF

      Thomasville Industrial Facility For Sale

      30,524 SF industrial building with warehouse and manufacturing space.
      119 Washboard Rd, Thomasville, NC
      View Details
    • $249,000
      2,400 SF

      New Service Garage with Bays

      New service garage with three bays in Thomasville, NC.
      200 Martin Luther King Jr Dr, Thomasville, NC
      View Details
    • $145,000
      427 SF

      Thomasville Car Lot For Sale

      Former car lot with office and high visibility.
      1535 National Hwy, Thomasville, NC 27360
      View Details
    • $399,900

      Car Lot and Mechanic Garage

      Prime location car lot and mechanic garage for sale.
      620 National Highway, Thomasville, NC 27360
      View Details
    • $200,000

      Former Day Care Center Available

      Day care center with kitchen, office, and C1 zoning.
      944 Fisher Ferry St, Thomasville, NC
      View Details
    • $279,900

      Versatile Building on 2.32 Acres

      Commercial building suitable for various uses, subject to county approval.
      125 Rickard Road, Thomasville, Thomasville, NC 27360
      View Details
    • $259,900

      New Commercial Building with Roll-Up Doors

      New commercial building featuring roll-up doors and paved parking.
      200 Martin Luther King Drive, Thomasville, NC 27360
      View Details
    • $599,000
      11,945 SF

      Manufacturing and Distribution Space Available

      12,000 SF manufacturing/distribution space on 1.49 acres for sale.
      101 Trexler Ave, Thomasville, NC
      View Details
    • $199,000

      Thomasville Duplex: Investor Opportunity

      Charming, updated duplex in Thomasville, NC, ideal for investors.
      600 Clay Street, Thomasville, NC 27360
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for sale in Thomasville, North Carolina.
    Where is this retail space located?
    The property is located at 116 E Main Street Thomasville, NC.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Built in 1988; Public water source; Public sewer
    (336) 803-0514
    We can help!
    Listing Contact
    Rick Vaughn
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 E Main Street, Thomasville, NC 27360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!