Remodeled Mixed-Use Salon
For Sale
$360,000
106 N Main St, Salisbury, NC 28144
Fully remodeled building with a front coffee shop setup and back spa-ready salon space, including multiple wash stations.
Property Size2,100 SF
Price / SF$171.43
Days on Market98
Property Features for 106 N Main St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Listing Agency:
Re/Max Leading Edge
Listed By:
Shelli Phillips · License #335333
(336) 240-0349
Source:
Searchhomesinnorthcarolina
Added: Jun 21
Changed: Sep 21
Last Checked: Sep 24 at 10:32AM
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 Re/Max Leading Edge
Investment Insights
Based on property information with market context.
This fully remodeled commercial building offers a functional mixed setup with a coffee shop operation in the front and a salon/spa configuration in the back. The interior includes two bathrooms and a private spa room with a sink, along with storage closets and a large open area designed for multiple salon stations. The space is equipped with up to three wash stations, supporting service-based workflows.
The property is located in the heart of Granite Quarry, just outside of Salisbury and not far from Charlotte. Parking is available in the back with a dedicated entrance, and there is additional parking around town.
The layout can support a variety of tenant needs beyond its current service uses. With the existing bathroom amenities, spa room, and wash-station capability, it is well suited for a salon, wellness concept, or other customer-facing office or retail operations. A full equipment purchase may be available based on agent remarks, which could help streamline an operator’s transition into the space.
The property is located in the heart of Granite Quarry, just outside of Salisbury and not far from Charlotte. Parking is available in the back with a dedicated entrance, and there is additional parking around town.
The layout can support a variety of tenant needs beyond its current service uses. With the existing bathroom amenities, spa room, and wash-station capability, it is well suited for a salon, wellness concept, or other customer-facing office or retail operations. A full equipment purchase may be available based on agent remarks, which could help streamline an operator’s transition into the space.
Key Highlights
- Fully remodeled commercial building up for lease in Granite Quarry, outside Salisbury and not far from Charlotte
- Front space currently set up as a coffee shop; back space currently used as a salon
- Includes 2 bathrooms and a private spa room with sink
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,380
$242.4K
Cap Rate 7%
$173,129
$173.1K
Cap Rate 9%
$134,656
$134.7K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$17.6K $8.40/SF
− Vacancy
−$1.5K −$0.71/SF
EGI
$16.2K $7.69/SF
− OpEx
−$4.0K −$1.92/SF
NOI
$12.1K $5.77/SF
Area
Rowan County, NC
Vacancy
8.40%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,380
Cap Rate 7%
$173,129
Cap Rate 9%
$134,656
Alternative Uses
Best Use
Specialty Retail
$173.1K
$151.5K – $202.0K
NOI $12,119 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,477
Businesses Nearby
69k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 46%
Home Improvements & Furnishings 1%
Taco Bell
Dining
14,626 visits/mo
0.5 miles
Wendy's
Dining
14,530 visits/mo
0.4 miles
Speedway
Shops & Services
11,548 visits/mo
0.4 miles
Bank of America
Shops & Services
6,437 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,325 visits/mo
0.3 miles
Demographics for 28144, NC
26,254
Population
12,655
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
30.1 sq mi
ZIP Area
872
Density / Sq Mi
$51,432
Median Household Income
$29,787
Median Earnings
$982
Median Rent
$205,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Coffee shop - Fully remodeled building with a front coffee shop setup and back spa-ready salon space, including multiple wash stations.
Where is this coffee shop located?
The property is located at 106 N Main St Salisbury, NC.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Fully remodeled commercial building up for lease in Granite Quarry, outside Salisbury and not far from Charlotte; Front space currently set up as a coffee shop; back space currently used as a salon; Includes 2 bathrooms and a private spa room with sink
