138 E Main Street Forest City, NC 28043
Office/retail space with residential apartment in historic downtown Forest City.
- Added:
- May 20, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 3 at 6:00 am
Property Features for 138 E Main Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1918
Listing office ODEAN KEEVER & ASSOCIATES, INC. (828) 286-1311
Listing date May 20, 2026
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 ODEAN KEEVER & ASSOCIATES, INC.
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Historic Downtown location with excellent visibility, ideal for retail or office use.
- Unique mixed‑use property featuring both commercial space (approx. 1,750 sq ft) and a residential apartment (approx. 1,750 sq ft).
- Fully renovated with a new roof, HVAC, water heater, electrical and plumbing updates, and a new deck.
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 | $50.4k | $14.40 |
| − Vacancy | −$958 | −$0.27 |
| EGI | $49.4k | $14.13 |
| − OpEx | −$14.8k | −$4.24 |
| NOI | $34.6k | $9.89 |
