240/242 The Boulevard Eden, NC 27288
Two adjoining mixed-use buildings offer fully leased retail space and two residential apartments in one investment package.
- Added:
- Jul 3, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 9 at 2:07 am
Property Features for 240/242 The Boulevard
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Listing office NAI Piedmont Triad (336) 901-3452
Listing date Jul 3, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Piedmont Triad
Investment Insights
Based on property information with market context.
The buildings are located at 240/242 The Boulevard in Eden, NC, and are presented as a turnkey investment for buyers seeking immediate income from multiple tenants.
As configured, the property provides diversified occupancy with retail tenants alongside residential units within the same adjoining structure package.
Key Highlights
- Two adjoining mixed‑use buildings sold together as one investment package.
- Both buildings are fully leased, including two retail spaces.
- The property also includes two residential apartments.
Local 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 | $81.0k | $18.00 |
| − Vacancy | −$9.7k | −$2.16 |
| EGI | $71.3k | $15.84 |
| − OpEx | −$26.7k | −$5.94 |
| NOI | $44.6k | $9.90 |
