Glade Valley Commercial
18 40 90 Glade Valley Church Road Glade Valley, NC 28627
18 40 90 Glade Valley Church Road, Glade Valley, NC, 28627
$1,149,000
For Sale
$1,149,000
Commercial property with 14 rental units and US Post Office.
Property Size10,390 SF
Price / SF$110.59
Days on Market308
Property Features for 18 40 90 Glade Valley Church Road
General Information
- Standard status
- Active
- Size
- 10,390 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
A PLUS REALTY
(828) 297-1000
Listed by
JASON ELDRETH · License #283438
Source
Corcoran
Added: Sep 18, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 5:11AM
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 A PLUS REALTY
Investment Insights
Based on property information with market context.
This commercial property features 5 buildings with a total of 14 rental units. The unit mix includes twelve 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit, along with the Glade Valley US Post Office. All 14 units are currently rented to full-time tenants. The property also includes a 3000-square-foot storage area located under the #18 building, which is also being rented. Air conditioning is provided for 3 of the units. The property size is 10390 square feet.
Key Highlights
- High Gross Return: Over 10 percent return on investment.
- Fully Rented: All 14 units are currently occupied.
- Multiple Buildings and Units: Consists of 5 buildings with a total of 14 rental units.
Local Financial Insights For Apartment 5plus
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 | $168.3k | $16.20 |
| − Vacancy | −$9.3k | −$0.89 |
| EGI | $159.1k | $15.31 |
| − OpEx | −$71.6k | −$6.89 |
| NOI | $87.5k | $8.42 |
10,390 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,483 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,994 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
United States Postal ...
Shipping And Mailing Service
FAQs
What type of property is this?
Apartment building - Commercial property with 14 rental units and US Post Office.
Where is this apartment building located?
The property is located at 18 40 90 Glade Valley Church Road Glade Valley, NC.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: High Gross Return: Over 10 percent return on investment.; Fully Rented: All 14 units are currently occupied.; Multiple Buildings and Units: Consists of 5 buildings with a total of 14 rental units.
