632 644 652 S Broadway Street, Forest City, NC 28043
SINGLE_FAMILY - Forest City, NC
- Added:
- Mar 18, 2026
- Days on Market:
- 105
- Last Refresh:
- Jun 30 at 10:06 pm
Property Features for 632 644 652 S Broadway Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking features
- Driveway
- Basement
- Unfinished, Walk-Out Access
- Standard status
- Active
- APN
- 422930
- Size
- 3,346 SF
- Lot size
- 1.04 Acres
Taxes and HOA fees
- Tax Description
- 3 Tracts, 2 buildings, 1 vacant lot, Approx. 1.04 ac
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Ductless (Heating), Central, Electric (Heating)
- Cooling system
- Ductless, Central Air
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Flooring type
- Carpet, Vinyl
- Roof type
- Shingle
Listing agent Loyce Snider License #162506 (828) 223-8946
Listing office RE/MAX Journey 121 Laurel Dr, Rutherfordton, NC (828) 395-2222
Listing date Mar 18, 2026
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.
HighLights
- Three tracts (2 commercial buildings, one vacant lot) offered for one price.
- High visibility location with a daily traffic count of 8,000.
- Road frontage of approximately 300' on S. Broadway.
- One building (644 S Broadway) is currently leased month to month, providing immediate income.
- Adjoins Food Lion and The Medicine Box Drug Store.
- Office space (652 S. Broadway) features 7 private offices, reception area, and conference room.
Overview
Local Financial Insights For Specialty Retail
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 | $57.0k | $17.04 |
| − Vacancy | −$4.1k | −$1.23 |
| EGI | $52.9k | $15.81 |
| − OpEx | −$13.2k | −$3.95 |
| NOI | $39.7k | $11.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Forest City
- County
- Rutherford
- State
- North Carolina
- Longitude
- -81.85864871
- Latitude
- 35.31878485
