Retail Space on Corner
For Sale
$550,000
318 N MAIN ST, Bridgewater, VA 22812
B-1 zoning supports retail use, with professional office also identified as a potential fit.
Property Size1,920 SF
Price / SF$286.46
Days on Market60
Property Features for 318 N MAIN ST
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Building
Zoning
B-1
Additional Details
Corner Location
Yes
Building Details
Building Size
1,920 SF
Buildings
1
Listing Agency:
Cottonwood Commercial LLC
Listed By:
Taylor Queen · License #0225278657
(704) 816-9937
Source:
Trobaughgroup
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 Cottonwood Commercial LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,920-square-foot retail building occupies a corner lot at 318 N Main St in Bridgewater, Virginia. The property is zoned B-1, and retail and professional office use are identified as potential applications.
Bridgewater Town Hall and the Bridgewater College campus are nearby, along with dining and shopping destinations.
Bridgewater Town Hall and the Bridgewater College campus are nearby, along with dining and shopping destinations.
Key Highlights
- 1,920‑square‑foot building on a corner lot
- B‑1 zoning
- Retail or professional office use identified as potential applications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,779
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,580
$495.6K
Cap Rate 7%
$353,986
$354.0K
Cap Rate 9%
$275,322
$275.3K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$38.5K $20.04/SF
− Vacancy
−$3.1K −$1.60/SF
EGI
$35.4K $18.44/SF
− OpEx
−$10.6K −$5.53/SF
NOI
$24.8K $12.91/SF
Area
Rockingham County, VA
Vacancy
8.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,580
Cap Rate 7%
$353,986
Cap Rate 9%
$275,322
Alternative Uses
Best Use
Retail
$354.0K
$309.7K – $413.0K
NOI $24,779 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.6K
$506.3K – $675.1K
NOI $40,504 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
McDonald's
Dining
17,529 visits/mo
0.3 miles
7-Eleven
Shops & Services
17,265 visits/mo
0.2 miles
El Charro
Dining
10,091 visits/mo
0.1 miles
Family Dollar
Shops & Services
9,175 visits/mo
0.5 miles
SUBWAY
Dining
4,139 visits/mo
0.5 miles
Demographics for 22812, VA
9,799
Population
3,570
Households
2.7
Avg Household Size
36
Median Age
40%
College-Educated
89%
High-School Grad
49.8 sq mi
ZIP Area
197
Density / Sq Mi
$83,858
Median Household Income
$33,182
Median Earnings
$1,158
Median Rent
$342,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - B-1 zoning supports retail use, with professional office also identified as a potential fit.
Where is this retail space located?
The property is located at 318 N MAIN ST Bridgewater, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,920‑square‑foot building on a corner lot; B‑1 zoning; Retail or professional office use identified as potential applications
