Retail-Office Showroom Flex
423 Village Rd SW Shallotte, NC 28470
For Sale
Contact for pricing
Impeccable showroom/workroom flex space with front display and rear loading access, plus ample parking and strong Village Rd visibility.
Property Size4,218 SF
Lot Size1.30 Acres
Price / SF$307.02
Days on Market314
Property Features for 423 Village Rd SW
General Information
Standard status
Active
Size
4,218 SF
Lot size
1.30 Acres
Property subtype
RETAIL
Listing Agency:
Sun Coast Partners, LLC
(910) 393-7275
Listed By:
Kelly Stuart
(910) 393-7275
Source:
Moodyscre
Added: Sep 19, 2025
Changed: Jul 25
Last Checked: Jul 28 at 3:51PM
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 Sun Coast Partners, LLC
Investment Insights
Based on property information with market context.
This distinctive property is a meticulously maintained 1950s brick building upgraded to commercial standards, combining retail, office, showroom, workroom, and flex functionality. Off the entry, there are three rooms suitable for display or office use, along with a full kitchen and bath on the first floor. A small fenced courtyard with pergola and iron gate sits off the first floor and opens to the side parking area. The second level includes two additional rooms, one with a full bath and the other plumbed for a full bath, previously used as living quarters by the current owners.
A fully conditioned 2,500 SF showroom/workroom was added by the current owner and is double-insulated throughout, including black insulation on the ceiling to maintain the retail aesthetic. The wall separating the showroom portion is for aesthetic purposes and can be removed to create a fully open 50 x 50 space. Electrical includes 200 amps in the back building on a separate meter, with outlets added every 8 feet, 4 feet high, within the flex addition.
The rear provides 70"w x 84"h access doors leading to a covered 10' x 10' loading area capable of accommodating full-size delivery trucks. The property offers ample front and side parking and excellent signage on Village Rd, which sees over 16,000 VPD. Easy access to Highway 17 and nearby beach-area towns is supported by the building’s location, with close proximity to Novant Health and Shallotte Middle School.
A fully conditioned 2,500 SF showroom/workroom was added by the current owner and is double-insulated throughout, including black insulation on the ceiling to maintain the retail aesthetic. The wall separating the showroom portion is for aesthetic purposes and can be removed to create a fully open 50 x 50 space. Electrical includes 200 amps in the back building on a separate meter, with outlets added every 8 feet, 4 feet high, within the flex addition.
The rear provides 70"w x 84"h access doors leading to a covered 10' x 10' loading area capable of accommodating full-size delivery trucks. The property offers ample front and side parking and excellent signage on Village Rd, which sees over 16,000 VPD. Easy access to Highway 17 and nearby beach-area towns is supported by the building’s location, with close proximity to Novant Health and Shallotte Middle School.
Key Highlights
- 1.3‑acre property on Village Rd in Shallotte with strong frontage and signage
- 2,500 SF fully‑conditioned showroom/workroom addition with double‑insulated ceiling and electric outlets added every 8 ft (4 ft high)
- Flex addition can be converted to an open 50 x 50 space by removing the wall separating the showroom
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.1k | $20.88 |
| − Vacancy | −$16.6k | −$3.95 |
| EGI | $71.4k | $16.93 |
| − OpEx | −$17.9k | −$4.23 |
| NOI | $53.6k | $12.70 |
4,218 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$765.3K
$669.6K – $892.8K
NOI $53,570 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$614.6K
$537.8K – $717.0K
NOI $43,021 @ 7.0% cap · market cap 3.32%
Theoretical Best
Multifamily LT 5
$51.65M
$45.19M – $60.25M
NOI $3,615,286 @ 7.0% cap · market cap 279.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Coastline Catering — 4909 main st, shallotte, nc 28470
Frequently Asked Questions
What type of property is this?
Flex space - Impeccable showroom/workroom flex space with front display and rear loading access, plus ample parking and strong Village Rd visibility.
Where is this flex space located?
The property is located at 423 Village Rd SW Shallotte, NC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1.3‑acre property on Village Rd in Shallotte with strong frontage and signage; 2,500 SF fully‑conditioned showroom/workroom addition with double‑insulated ceiling and electric outlets added every 8 ft (4 ft high); Flex addition can be converted to an open 50 x 50 space by removing the wall separating the showroom
