Commercial Buildings and Vacant
632 644 652 S Broadway Street Forest City, NC 28043
632 644 652 S Broadway Street, Forest City, NC, 28043
$500,000
For Sale
$500,000
SINGLE_FAMILY - Forest City, NC
Property Size3,346 SF
Lot Size1.04 Acres
Price / SF$149.43
Days on Market123
Property Features for 632 644 652 S Broadway Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking features
- Driveway
- Basement
- Unfinished, Walk-Out Access
- Standard status
- Active
- APN
- 422930
- Size
- 3,346 SF
- Lot size
- 1.04 Acres
Taxes and HOA fees
- Tax Description
- 3 Tracts, 2 buildings, 1 vacant lot, Approx. 1.04 ac
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Ductless (Heating), Central, Electric (Heating)
- Cooling system
- Ductless, Central Air
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Flooring type
- Carpet, Vinyl
- Roof type
- Shingle
Listing Agency
RE/MAX Journey
(828) 395-2222
121 Laurel Dr, Rutherfordton, NC
Listed by
Loyce Snider · License #162506
(828) 223-8946
Added: Mar 18 Checked: Jul 18 at 2:06 am
MLS# 4358876
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.
Investment Insights
Based on property information with market context.
Three tracts are available for purchase as a single offering, including two commercial buildings and one vacant lot. The properties benefit from high visibility, with a daily traffic count of 8,000. One building, located at 652 S. Broadway, is an office space of approximately 3346 square feet, featuring 7 private offices, a reception area, and a conference room. The building at 644 S Broadway is currently leased month to month as a walk-up restaurant. Both buildings include basement areas. The third tract, located at 632 S Broadway, is a vacant lot. The combined properties offer approximately 300 feet of road frontage on S. Broadway and approximately 195 feet on the cross street, Sunnyside Street. The properties adjoin Food Lion and The Medicine Box Drug Store. The office space could be used for a variety of professional services, while the restaurant space continues to operate as a food service establishment.
Key Highlights
- Three tracts (2 commercial buildings, one vacant lot) offered for one price.
- High visibility location with a daily traffic count of 8,000.
- Road frontage of approximately 300' on S. Broadway.
Local Financial Insights For Specialty 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 | $57.0k | $17.04 |
| − Vacancy | −$4.1k | −$1.23 |
| EGI | $52.9k | $15.81 |
| − OpEx | −$13.2k | −$3.95 |
| NOI | $39.7k | $11.86 |
3,346 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$566.9K
$496.0K – $661.4K
NOI $39,683 @ 7.0% cap · market cap 7.94%
Second Best
Office B
$499.5K
$437.0K – $582.7K
NOI $34,962 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$737.9K
$645.7K – $860.9K
NOI $51,652 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three tracts available: commercial buildings and vacant lot.
Where is this office building located?
The property is located at 632 644 652 S Broadway Street Forest City, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three tracts (2 commercial buildings, one vacant lot) offered for one price.; High visibility location with a daily traffic count of 8,000.; Road frontage of approximately 300' on S. Broadway.
