Multi-Level Mixed-Use
New
For Sale
$649,000
162-166 N MAIN ST, Broadway, VA 22815
COMMERCIAL - BROADWAY, VA
Property Size7,966 SF
Lot Size0.09 Acres
Price / SF$81.47
Days on Market2
Property Features for 162-166 N MAIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1 Business General
Subdivision
Rockingham
Standard status
Active
APN
51A1-A-9, 51A1-A-10, 51A1-A-10A
Size
7,966 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
220700
Amenities
prep kitchen
private office
multi-stall restrooms
private suites
dedicated HVAC
private bathroom
built-out partitioned rooms
dedicated storage
clear-span retail/event assembly floor
Listing Agency:
Cottonwood Commercial LLC
(540) 434-9922
Listed By:
Zack Smith
(540) 434-9922
Added: Aug 4
Last Checked: Aug 5 at 5:06PM
MLS# 680295
Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,966-square-foot mixed-use property occupies three contiguous deeded parcels and carries B-1 Business General zoning. The building is organized around three independent ground-level exterior entrances. Its main level includes a clear-span retail or event assembly area, prep kitchen, private office, and multi-stall restrooms, with vacant possession available as the current occupant relocates.
An upper-level street entrance leads to 8 private suites with restrooms, including space occupied by an active radio station and professional service users. The lower level provides a walk-out flex area with dedicated HVAC, a private bathroom, partitioned rooms, and dedicated storage. Main Street frontage is complemented by rear access along the future Shenandoah Rail Trail corridor. The property is located at 162-166 N Main St in Broadway, Virginia.
An upper-level street entrance leads to 8 private suites with restrooms, including space occupied by an active radio station and professional service users. The lower level provides a walk-out flex area with dedicated HVAC, a private bathroom, partitioned rooms, and dedicated storage. Main Street frontage is complemented by rear access along the future Shenandoah Rail Trail corridor. The property is located at 162-166 N Main St in Broadway, Virginia.
Key Highlights
- 7,966 SF mixed‑use property across 3 contiguous deeded parcels
- B‑1 Business General zoning with Main Street frontage
- Three independent ground‑level exterior entrances
Financial Insights For Industrial
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 | $71.7k | $9.00 |
| − Vacancy | −$3.2k | −$0.41 |
| EGI | $68.5k | $8.59 |
| − OpEx | −$20.5k | −$2.58 |
| NOI | $47.9k | $6.02 |
7,966 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,167 @ 7.0% cap · market cap 18.82%
Second Best
Retail
$1.47M
$1.29M – $1.71M
NOI $102,807 @ 7.0% cap · market cap 15.84%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,051 @ 7.0% cap · market cap 25.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 22815, VA
9,083
Population
3,957
Households
2.3
Avg Household Size
41
Median Age
25%
College-Educated
85%
High-School Grad
70.9 sq mi
ZIP Area
128
Density / Sq Mi
$70,598
Median Household Income
$40,829
Median Earnings
$1,005
Median Rent
$249,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separate exterior entrances serve retail, office, suite, and flex areas across a multi-level commercial property.
Where is this mixed-use property located?
The property is located at 162-166 N MAIN ST Broadway, VA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 7,966 SF mixed‑use property across 3 contiguous deeded parcels; B‑1 Business General zoning with Main Street frontage; Three independent ground‑level exterior entrances
