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    Retail Space in Thomasville, NC Title is generated by Realmo AI

    116 E Main Street, Thomasville, NC 27360

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    Claim this Listing
    New
    Pending
    $595,000

    SINGLE_FAMILY - Thomasville, NC

    Type:Retail
    Property size:
    3,243 SF
    Added:
    Jun 23, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 25 at 3:06 am

    Property Features for 116 E Main Street

    General Information

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

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1988

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    Contact an agent
    Rick Vaughn

    Listing agent Rick Vaughn

    Listing office Price REALTORS High Point, NC

    Listing date Jun 23, 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

    • Year built: 1988
    • Public water service
    • Public sewer

    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

    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: Year built: 1988; Public water service; Public sewer
    More about this property
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