Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property in Stoneville Title is generated by Realmo AI

    106/108 Henry Street, Stoneville, NC 27048

    View on Map
    Claim this Listing
    For Sale
    $353,000

    Mixed-use property with development potential in Stoneville business district.

    Type:Commercial
    Added:
    Jun 10, 2024
    Days on Market:
    726
    Last Refresh:
    Apr 5 at 8:07 pm

    Property Features for 106/108 Henry Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    LIZ ECKLER

    Listing agent LIZ ECKLER

    Listing office REALTY ONE GROUP RESULTS REIDSVILLE

    Listing date Jun 10, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP RESULTS REIDSVILLE

    HighLights

    • Prime location in the Stoneville business district next to a town‑maintained park.
    • Substantial downstairs space suitable for multiple retail/office areas or a large single business.
    • Electrical and plumbing rough‑ins completed and inspected for two 1‑bedroom and two studio apartments on the upper level.
    • Includes a separate, private parking area in the rear of the building.
    • New roofing membrane installed over a portion of the building.
    • Excellent visibility for both pedestrian and vehicular traffic.

    Overview

    This mixed-use property is situated in the Stoneville business district, adjacent to a town-maintained park area and in close proximity to the downtown retail business district. The upper level has undergone electrical and plumbing rough-ins for two 1-bedroom and two studio apartments, with completed inspections for these rough-ins. A new roofing membrane has been installed over a portion of the building. The downstairs area is spacious enough to be subdivided into multiple retail or office spaces, or it can be maintained as a large open floor plan for businesses requiring more space. The location offers high visibility for both pedestrian and vehicular traffic. A separate private parking area is included in the sale and is located at the rear of the building. This property presents opportunities for various business uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Pharmacy Kitchen & Bath Showroom Bar & Pub Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Stoneville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.9074
    Latitude
    36.4669

    Nearby Similar for Sale

    • $250,000

      Commercial Property with Flexible Layout

      Versatile commercial property suitable for various business or investment uses.
      301 W Main Street, Stoneville, NC 27048
      View Details
    • $1,200,000
      35,000 SF

      Industrial Building on US Hwy 220

      35,000 SF industrial building with flexible space and immediate occupancy.
      6190 US Highway 220 Bus, Stoneville, NC 27048
      View Details
    • $2,500,000

      Rockingham County Mobile Home Portfolio

      52-site portfolio in Rockingham County, North Carolina.
      107 Rebel Run Loop, Stoneville, NC 27048
      View Details
    • Contact for pricing

      Industrial Space with Crane System

      Industrial space for sale with crane system, dock and drive-in doors.
      Stoneville, NC 27048
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with development potential in Stoneville business district.
    Where is this mixed-use property located?
    The property is located at 106/108 Henry Street Stoneville, NC.
    What is the asking price?
    The asking price for this property is $353,000.
    What are key features of this property?
    This property features: Prime location in the Stoneville business district next to a town‑maintained park.; Substantial downstairs space suitable for multiple retail/office areas or a large single business.; Electrical and plumbing rough‑ins completed and inspected for two 1‑bedroom and two studio apartments on the upper level.
    (336) 637-5058
    We can help!
    Listing Contact
    LIZ ECKLER
    Learn More
    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
    106/108 Henry Street, Stoneville, NC 27048
    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!