Commercial Building with Income
For Sale
$450,000
302 S Main Street #A B C, King, NC 27021
Commercial building with multiple units, income potential, and road frontage.
Property Size2,400 SF
Price / SF$187.50
Days on Market452
Property Features for 302 S Main Street #A B C
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
KENT HUNTER REALTY LLC
(336) 682-4075
Listed By:
KENT HUNTER · License #268274
Source:
Corcoran
Added: May 5, 2025
Changed: Jul 6
Last Checked: Jul 30 at 8:22AM
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 KENT HUNTER REALTY LLC
Investment Insights
Based on property information with market context.
This commercial building offers 2400 square feet of space and includes two tenants, office space, and warehouse space. It features two bathrooms and two at-grade dock doors. Additionally, there is a separate 240-square-foot office building with a bathroom. The property currently generates rental income and presents the potential for increased revenue. The location provides road frontage on Main Street in King, North Carolina, and is situated near downtown. The multiple units offer leasing opportunities.
Key Highlights
- Income‑producing commercial property with potential for increased rental income.
- Prime location on Main Street in King, NC, near downtown.
- 2400sf commercial building with office and warehouse space, plus a separate 240sf office building.
Financial Insights For Mixed Use
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 | $49.0k | $20.40 |
| − Vacancy | −$4.9k | −$2.04 |
| EGI | $44.1k | $18.36 |
| − OpEx | −$16.5k | −$6.89 |
| NOI | $27.5k | $11.48 |
2,400 SF · lease $20.40/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$3.76M
$3.29M – $4.38M
NOI $263,046 @ 7.0% cap · market cap 58.45%
Second Best
Mixed Use
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 6.12%
Theoretical Best
Multifamily LT 5
$28.55M
$24.98M – $33.31M
NOI $1,998,532 @ 7.0% cap · market cap 444.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27021, NC
17,345
Population
7,926
Households
2.2
Avg Household Size
46
Median Age
24%
College-Educated
93%
High-School Grad
53.7 sq mi
ZIP Area
323
Density / Sq Mi
$61,736
Median Household Income
$43,041
Median Earnings
$912
Median Rent
$203,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial building with multiple units, income potential, and road frontage.
Where is this warehouse located?
The property is located at 302 S Main Street #A B C King, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing commercial property with potential for increased rental income.; Prime location on Main Street in King, NC, near downtown.; 2400sf commercial building with office and warehouse space, plus a separate 240sf office building.
