Corner-Lot Retail
For Sale
$550,000
318 N MAIN ST, Bridgewater, VA 22812
Building, BRIDGEWATER, VA
Property Size1,920 SF
Lot Size0.18 Acres
Price / SF$286.46
Days on Market58
Property Features for 318 N MAIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1 Commercial
Subdivision
Rockingham
Standard status
Active
APN
122A2-A-60
Size
1,920 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Listing Agency:
Cottonwood Commercial
Listed By:
Taylor Queen
(540) 434-9922
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 28 at 3:06AM
MLS# 681670
Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 318 N Main St in Bridgewater, this 1,920-square-foot retail building occupies a 0.18-acre corner lot. The property includes dedicated interior space that can accommodate retail operations or a professional office configuration, providing flexibility for an owner-user or commercial occupant.
The site is near Bridgewater Town Hall and the Bridgewater College campus, with nearby dining and shopping destinations adding to the surrounding commercial context. B-1 Commercial zoning is in place, and the property is positioned within the Bridgewater area for businesses seeking a centrally located storefront or office setting.
The site is near Bridgewater Town Hall and the Bridgewater College campus, with nearby dining and shopping destinations adding to the surrounding commercial context. B-1 Commercial zoning is in place, and the property is positioned within the Bridgewater area for businesses seeking a centrally located storefront or office setting.
Key Highlights
- 1,920‑square‑foot retail building on a 0.18‑acre corner lot
- B‑1 Commercial zoning
- Dedicated space suited to retail or professional office use
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 Commercial property with space suited to retail or professional office use.
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 retail building on a 0.18‑acre corner lot; B‑1 Commercial zoning; Dedicated space suited to retail or professional office use
