Brick Mixed-Use
409 Oak Street Extension, Forest City, NC 28043
For Sale
New
$279,000
Commercial Sale, Forest City, NC
Property Size1,419 SF
Lot Size0.50 Acres
Price / SF$196.62
Days on Market4
Property Features for 409 Oak Street Extension
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Pool private
Appliances
Lot features
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Amenities
hardwood floors
updated kitchen
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Audrey Wise
(828) 674-2360
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 4442643
Copyright © 2026 Canopy MLS. 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.
This mixed-use property occupies a 0.5-acre parcel and contains approximately 1,419 square feet. Its full-brick exterior encloses an open-plan interior with wood and tile flooring, two bathrooms, and an updated kitchen. Heating is forced air, and the building has central air conditioning. An attached garage, driveway, patio, porch, and private pool are also on site.
The property is in Forest City, near shops, restaurants, recreation, and Legacy Soccer Park.
The property is in Forest City, near shops, restaurants, recreation, and Legacy Soccer Park.
Key Highlights
- Approximately 1,419 square feet on a 0.5‑acre parcel
- Full‑brick exterior with an open‑plan interior
- Updated kitchen, wood and tile floors, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,024
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,480
$200.5K
Cap Rate 7%
$143,200
$143.2K
Cap Rate 9%
$111,378
$111.4K
Market Conditions
NOI Build-Up for 1,419 SF
Gross rent
$17.9K $12.60/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$16.0K $11.30/SF
− OpEx
−$6.0K −$4.24/SF
NOI
$10.0K $7.06/SF
Area
Rutherford County, NC
Vacancy
10.30%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,480
Cap Rate 7%
$143,200
Cap Rate 9%
$111,378
Alternative Uses
Best Use
Mixed Use
$143.2K
$125.3K – $167.1K
NOI $10,024 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.9K
$273.8K – $365.1K
NOI $21,905 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 28043, NC
20,183
Population
9,356
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
84%
High-School Grad
66.3 sq mi
ZIP Area
304
Density / Sq Mi
$41,746
Median Household Income
$29,909
Median Earnings
$744
Median Rent
$176,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An open interior, updated kitchen, and on-site parking support a range of residential or commercial configurations.
Where is this mixed-use property located?
The property is located at 409 Oak Street Extension Forest City, NC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Approximately 1,419 square feet on a 0.5‑acre parcel; Full‑brick exterior with an open‑plan interior; Updated kitchen, wood and tile floors, and two bathrooms
