Mixed-Use Building with
For Sale
$699,900
405 N MAIN ST, Bridgewater, VA 22812
Ground-floor retail space is paired with an upstairs residential apartment.
Property Size2,445 SF
Price / SF$286.26
Days on Market57
Property Features for 405 N MAIN ST
General Information
Standard status
Active
Size
2,445 SF
Property subtype
Building
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
1
Building Details
Building Size
2,445 SF
Listing Agency:
Connexa Real Estate
Listed By:
Brad Cohen · License #0225217866
(540) 908-3845
Source:
Connexare
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 26 at 3:52PM
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 Connexa Real Estate
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Investment Insights
Based on property information with market context.
This 2,445-square-foot mixed-use property combines commercial space on the ground floor with a residential apartment upstairs. The ground-floor space is currently home to Rebecca's Well Gift Shop & Boutique; the business is separate from the real estate offering.
The property is at 405 N Main St in Bridgewater, directly across from Generations Park. The commercial and residential components provide distinct uses within one building.
The property is at 405 N Main St in Bridgewater, directly across from Generations Park. The commercial and residential components provide distinct uses within one building.
Key Highlights
- 2,445‑square‑foot mixed‑use property
- Ground‑floor commercial space with an upstairs residential apartment
- Located across from Generations Park in Bridgewater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,555
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,100
$631.1K
Cap Rate 7%
$450,786
$450.8K
Cap Rate 9%
$350,611
$350.6K
Market Conditions
NOI Build-Up for 2,445 SF
Gross rent
$49.0K $20.04/SF
− Vacancy
−$3.9K −$1.60/SF
EGI
$45.1K $18.44/SF
− OpEx
−$13.5K −$5.53/SF
NOI
$31.6K $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%
$631,100
Cap Rate 7%
$450,786
Cap Rate 9%
$350,611
Alternative Uses
Best Use
Retail
$450.8K
$394.4K – $525.9K
NOI $31,555 @ 7.0% cap · market cap 4.51%
Second Best
Mixed Use
$345.8K
$302.6K – $403.4K
NOI $24,206 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$736.9K
$644.8K – $859.7K
NOI $51,580 @ 7.0% cap · market cap 7.37%
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
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
McDonald's
Dining
17,529 visits/mo
0.2 miles
7-Eleven
Shops & Services
17,265 visits/mo
0.2 miles
El Charro
Dining
10,091 visits/mo
0.2 miles
Family Dollar
Shops & Services
9,175 visits/mo
0.3 miles
SUBWAY
Dining
4,139 visits/mo
0.4 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?
Mixed-use property - Ground-floor retail space is paired with an upstairs residential apartment.
Where is this mixed-use property located?
The property is located at 405 N MAIN ST Bridgewater, VA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,445‑square‑foot mixed‑use property; Ground‑floor commercial space with an upstairs residential apartment; Located across from Generations Park in Bridgewater
