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Building Details

Year Renovated 2026

Units 3

Tenancy Multi

Listing Agency: NAI Piedmont Triad

Listed By: Will Blackwell · License #137286 Show Phone

Source: Crexi

Added: Jul 3 Changed: Oct 15 Last Checked: Oct 14 at 8:34PM

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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 NAI Piedmont Triad

Investment Insights

Based on property information with market context.

Located at 215 The Boulevard in Eden, North Carolina, this mixed-use property contains approximately 6,772 square feet across two commercial units and one two-bedroom apartment. The building was fully renovated in 2026, with new systems and fixtures incorporated into the improvements.

All three components are fully leased, combining commercial and residential occupancy within one property. The address places the asset in Eden’s Boulevard District, providing a defined local setting for the mixed-use configuration.

Key Highlights

• Approximately +/- 6,772 square feet
• Two commercial units plus one two‑bedroom apartment
• Fully leased mixed‑use property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,043

Cap Rate

8.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,340,860 $1.3M

Cap Rate 7%

$957,757 $957.8K

Cap Rate 9%

$744,922 $744.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,772 SF

Gross rent

$121.9K $18.00/SF

− Vacancy

−$14.6K −$2.16/SF

EGI

$107.3K $15.84/SF

− OpEx

−$40.2K −$5.94/SF

NOI

$67.0K $9.90/SF

Area

Rockingham County, NC

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,340,860

Cap Rate 7%

$957,757

Cap Rate 9%

$744,922

Alternative Uses

Best Use

Mixed Use

$957.8K

$838.0K – $1.12M (±1% cap)

NOI $67,043 @ 7.0% cap · market cap 8.94%

Second Best

Retail

$951.9K

$832.9K – $1.11M (±1% cap)

NOI $66,633 @ 7.0% cap · market cap 8.88%

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $156,289 @ 7.0% cap · market cap 20.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Real Estate Agency Restaurant Parking Lot & Garage Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

205

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Citgo Shops & Services

2,643 visits/mo 0.2 miles

Demographics for 27288, NC

23,375

Population

11,127

Households

2.1

Avg Household Size

45

Median Age

13%

College-Educated

85%

High-School Grad

71.4 sq mi

ZIP Area

327

Density / Sq Mi

$53,081

Median Household Income

$36,743

Median Earnings

$828

Median Rent

$129,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Includes two commercial units and a two-bedroom apartment within a fully leased property.

Where is this mixed-use property located?

The property is located at 215 The Boulevard Eden, NC.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Approximately +/- 6,772 square feet; Two commercial units plus one two‑bedroom apartment; Fully leased mixed‑use property