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    206 E Main Street Rockwell, NC 28138

    View on Map
    For Lease
    $2,400 /Mo

    COMMERCIAL - Rockwell, NC

    Property size:
    3,200 SF
    Lot size:
    0.25 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 7 at 2:06 am

    Property Features for 206 E Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Parking
    20
    Parking features
    On Street, Parking Lot
    Standard status
    Active
    APN
    364052
    Size
    3,200 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Description
    L 2

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Electric (Heating)
    Cooling system
    Ductless, Electric

    Building Details

    Year built
    1953
    Flooring type
    Carpet, Concrete

    We can help!

    Listing Contact
    Sam Cowles

    Listing agent Sam Cowles

    Listing office JLF Management Group LLC 8410 Pit Stop Court, Ste 140, Concord, NC

    Listing date Feb 20, 2026

    MLS# 4349392

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

    Overview

    Retail Space on Highway 52

    Located along Highway 52 in Rockwell, this retail storefront offers approximately 3,200 square feet of space. The property benefits from high visibility and steady daily traffic, making it suitable for various retail, service, or specialty commercial uses. The interior features a large, open showroom floor that can be adapted to different layout needs, along with a private rear office and three restrooms. The building layout can accommodate retail businesses, boutique fitness centers, professional services, studio space, and specialty shops. Customers and staff have access to street parking in front of the building and dedicated parking behind the property. The location is in a downtown area with consistent local traffic. The property has prominent frontage on Highway 52 with excellent signage visibility. A gross lease option is available. Note that alcohol use, vape or tobacco shops, gambling/skill games, and daycares are prohibited. Public street parking is available, with reserved parking in the back parking lot. The Town of Rockwell is planning to build public parking across from Ace Hardware.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Long For the Days Department Store

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwell
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4060709
    Latitude
    35.5504444

    FAQs

    What type of property is this?
    Retail space - Highly visible retail space in Rockwell with flexible floor plan.
    Where is this retail space located?
    The property is located at 206 E Main Street Rockwell, NC.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on busy Highway 52 with excellent signage opportunities.; Large, flexible 3,200 SF open floor plan adaptable to various business layouts.; Convenient parking options: street parking and dedicated rear parking.
    (704) 707-4656
    We can help!
    Listing Contact
    Sam Cowles
    Learn More
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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.

    More about this property
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