Downtown Maiden Commercial Building For
For Sale
$324,500
28 E Main Street, Maiden, NC 28650
Completely rebuilt commercial building in downtown Maiden, North Carolina.
Property Size1,560 SF
Price / SF$208.01
Days on Market82
Property Features for 28 E Main Street
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Concrete Flooring
Flat Roof
Paved
Rubber Roof
Building Details
Year Built
1920
Listing Agency:
EXP REALTY LLC MOORESVILLE
(336) 398-3824
Listed By:
AMANDA MONCRIEFF
Source:
Corcoran
Added: May 20
Changed: Aug 7
Last Checked: Aug 8 at 6:47AM
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 EXP REALTY LLC MOORESVILLE
Investment Insights
Based on property information with market context.
This commercial property in downtown Maiden, North Carolina, presents an opportunity for business ownership or rental income. The building, housed within a classic 1920s brick shell, has been completely rebuilt internally. It features new central HVAC, plumbing, and electrical systems, including a 400-amp panel suitable for various commercial operations. A sealed white roof, maintained annually, helps to minimize energy costs. The property includes a built-in bar, 12-foot ceilings, large display windows, and a patio suitable for outdoor dining. It is suitable for a restaurant, bar, coffee shop, cafe, or other business concepts. The property has a proven rental history. Maiden is described as a growing community. The building has a size of 1560 square feet.
Key Highlights
- Completely rebuilt interior with new HVAC, plumbing, and electrical systems.
- Prime downtown location in a growing community.
- Versatile space suitable for various commercial operations (restaurant, bar, cafe, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,040
$417.0K
Cap Rate 7%
$297,886
$297.9K
Cap Rate 9%
$231,689
$231.7K
Market Conditions
NOI Build-Up for 1,560 SF
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.
Gross rent
$29.6K $18.96/SF
− Vacancy
−$1.8K −$1.14/SF
EGI
$27.8K $17.82/SF
− OpEx
−$7.0K −$4.46/SF
NOI
$20.9K $13.37/SF
Area
Catawba County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,040
Cap Rate 7%
$297,886
Cap Rate 9%
$231,689
Alternative Uses
Best Use
Specialty Retail
$297.9K
$260.7K – $347.5K
NOI $20,852 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.7K
$398.7K – $531.7K
NOI $31,899 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
6,979 visits/mo
0.5 miles
Demographics for 28650, NC
12,982
Population
5,390
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
48.6 sq mi
ZIP Area
267
Density / Sq Mi
$71,784
Median Household Income
$46,810
Median Earnings
$793
Median Rent
$209,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Completely rebuilt commercial building in downtown Maiden, North Carolina.
Where is this restaurant located?
The property is located at 28 E Main Street Maiden, NC.
What is the asking price?
The asking price for this property is $324,500.
What are key features of this property?
This property features: Completely rebuilt interior with new HVAC, plumbing, and electrical systems.; Prime downtown location in a growing community.; Versatile space suitable for various commercial operations (restaurant, bar, cafe, etc.).
