Remodeled Office
For Sale
Contact for pricing
542 Oak Street, Forest City, NC 28043
The layout includes a large lobby, private offices, storage, and a shared kitchenette.
Property Size1,990 SF
Price / SF$1.23
Days on Market51
Property Features for 542 Oak Street
General Information
Standard status
Active
Size
1,990 SF
Property subtype
Office
Amenities
very large lobby area
two private offices
storage/file room
shared kitchenette
handicap restroom
large windows
Metal
Public Sewer
Additional parcels description:, Parcel Number: 1612178, Assessed Value: $180,700
Carpet, Vinyl
Heat Pump
Listing ID: CAR4419493, Standard Status: Active, MLS Status: Active, Property Subtype: Office
5 open parking spaces, 5 total parking spaces, Driveway
Insulated Window(s), Window Treatments
Built in 1990, Living area: 1100, 1 building, Construction Materials: Brick Full
County/Parish: Rutherford
1 total bathroom
Water Source: City
Slab
All Utilities
Frontage Type: 4 Lane Highway, City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Bath Grab Bars
Building Details
Building Size
1,990 SF
Year Built
1990
Listing Agency:
RE/MAX Journey
(828) 395-2222
Listed By:
Loyce Snider · License #162506
(828) 223-8946
Source:
Blackstreaminternational
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 19 at 10:53AM
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 RE/MAX Journey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This remodeled office property provides 1,100 SF with a spacious reception area, two private offices, a storage and file room, shared kitchenette, and handicap-accessible restroom. Large windows bring substantial natural light into the workspace. The building was constructed in 1990.
Positioned on Oak Street in Forest City, the property offers street-facing exposure. Additional private offices may be constructed by the landlord in connection with a multiple-year lease, providing flexibility for users who need more enclosed workspace.
Positioned on Oak Street in Forest City, the property offers street-facing exposure. Additional private offices may be constructed by the landlord in connection with a multiple-year lease, providing flexibility for users who need more enclosed workspace.
Key Highlights
- Remodeled 1,100 SF office property on Oak Street
- Large lobby with two private offices
- Storage and file room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,494
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,880
$229.9K
Cap Rate 7%
$164,200
$164.2K
Cap Rate 9%
$127,711
$127.7K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$4.5K −$4.07/SF
EGI
$15.3K $13.93/SF
− OpEx
−$3.8K −$3.48/SF
NOI
$11.5K $10.45/SF
Area
Rutherford County, NC
Vacancy
22.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,880
Cap Rate 7%
$164,200
Cap Rate 9%
$127,711
Alternative Uses
Best Use
Office B
$164.2K
$143.7K – $191.6K
NOI $11,494 @ 7.0% cap · market cap 851.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.6K
$212.3K – $283.0K
NOI $16,980 @ 7.0% cap · market cap 1,257.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
371
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes a large lobby, private offices, storage, and a shared kitchenette.
Where is this office unit located?
The property is located at 542 Oak Street Forest City, NC.
What are key features of this property?
This property features: Remodeled 1,100 SF office property on Oak Street; Large lobby with two private offices; Storage and file room included
