Professional Office Building in Forest
492 W Main Street, Forest City, NC 28043
Single-story brick building ideal for medical or dental use.
Type:Commercial
Property size:
2,119 SFPrice / SF:
$238/SF- Added:
- Sep 5, 2025
- Days on Market:
- 255
- Last Refresh:
- Apr 5 at 9:12 pm
Property Features for 492 W Main Street
General Information
- Standard status
- Active
- Size
- 2,119 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agent BARBARA DENNES
Listing office MILEMMA REALTY (704) 800-0008
Listing date Sep 5, 2025
Source Corcoran
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 MILEMMA REALTY
HighLights
- Turn‑key professional office building, formerly an orthodontic practice, ideal for dental, orthodontic, or healthcare use.
- Prime location on W. Main St. in the West Main Historic District, offering high visibility and accessibility.
- Functional layout with multiple exam/treatment rooms with dental chairs, reception, waiting area, private offices, and support space.
- Ample parking with 15 spaces.
- Two floors: first floor (2,119 sq. ft) for patients and treatment; basement (1,894 sq. ft) for staff and lab.
- Single‑story brick building built in 1950.
Overview
This single-story brick building, formerly an orthodontic practice, is located in the heart of Forest City. The property offers a layout suitable for medical or dental use, featuring multiple exam/treatment rooms with dental chairs, a reception and waiting area, private offices, and support space. The first floor, comprising 2,119 square feet, was previously used for patient care and treatment rooms. The 1,894-square-foot basement was utilized for staff and laboratory purposes. Situated on W. Main St. within the West Main Historic District, the property offers visibility and accessibility. It includes 15 parking spaces. This building is designed for a turn-key dental, orthodontic, or healthcare practice.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$280.7K
NOI $25,261 @ 9.00% cap · cautious / downside scenario
Moderate
$360.9K
NOI $25,261 @ 7.00% cap · market / base-case scenario
Aggressive
$505.2K
NOI $25,261 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $22.20 |
| − Vacancy | −$4.9k | −$2.33 |
| EGI | $42.1k | $19.87 |
| − OpEx | −$16.8k | −$7.95 |
| NOI | $25.3k | $11.92 |
2,119 SF · lease $22.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$360.9K
$315.8K – $421.0K
NOI $25,261 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$316.3K
$276.8K – $369.0K
NOI $22,141 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$467.3K
$408.9K – $545.2K
NOI $32,711 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Tri-City Animal Clinic — 475 Withrow Rd, Forest City, NC 28043
- Tri-City Animal Care — 475 Withrow Rd, Forest City, NC 28043
- Bradshaw Glenn C DVM — 475 Withrow Rd, Forest City, NC 28043
Location Insight
- Map
- Local Demand
- City
- Forest City
- County
- Rutherford
- State
- North Carolina
- Longitude
- -81.8758817
- Latitude
- 35.3398562
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Single-story brick building ideal for medical or dental use.
Where is this medical office space located?
The property is located at 492 W Main Street Forest City, NC.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Turn‑key professional office building, formerly an orthodontic practice, ideal for dental, orthodontic, or healthcare use.; Prime location on W. Main St. in the West Main Historic District, offering high visibility and accessibility.; Functional layout with multiple exam/treatment rooms with dental chairs, reception, waiting area, private offices, and support space.
