Retail Space with Flexible
New
For Sale
Contact for pricing
635 S Broadway Street, Forest City, NC 28043
Newly built retail space offers an open interior, accessible restroom, and on-site parking.
Property Size2,025 SF
Price / SF$1.54
Days on Market3
Property Features for 635 S Broadway Street
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Business
Amenities
high ceilings
half bath (ADA)
Metal
Sewage Pump
Additional parcels description:, Parcel Number: 425336, Assessed Value: $338,100
Concrete
Heat Pump
Electric, Heat Pump
Listing ID: CAR4434736, Standard Status: Active, MLS Status: Active, Property Subtype: Business
5 open parking spaces, 5 total parking spaces, Other Parking: 5-15 with overflow
Display Window(s)
Built in 2025, Living area: 1300, 1 building, Construction Materials: Brick Partial, Hardboard Siding, Metal
County/Parish: Rutherford
1 total bathroom
Electricity Connected, Water Source: Public
Slab
All Utilities
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Two or More Access Exits, Door Width 32 Inches or More, Lever Door Handles, Exterior Curb Cuts, Handicap Parking
Building Details
Building Size
2,025 SF
Year Built
2025
Listing Agency:
RE/MAX Journey
(828) 395-2222
Listed By:
Loyce Snider · License #162506
(828) 223-8946
Source:
Blackstreaminternational
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:07PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,300-square-foot retail suite was built in 2025 and features concrete flooring, an open-span interior, high ceilings, and an ADA-compliant half bath. On-site parking is available. The layout can be modified by opening the interior partition to connect with the adjoining unit, creating a larger space.
Key Highlights
- 1,300 square feet of retail space
- Built in 2025
- Concrete floors, high ceilings, and open‑span interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,855
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,100
$257.1K
Cap Rate 7%
$183,643
$183.6K
Cap Rate 9%
$142,833
$142.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$18.7K $14.40/SF
− Vacancy
−$356 −$0.27/SF
EGI
$18.4K $14.13/SF
− OpEx
−$5.5K −$4.24/SF
NOI
$12.9K $9.89/SF
Area
Rutherford County, NC
Vacancy
1.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,100
Cap Rate 7%
$183,643
Cap Rate 9%
$142,833
Alternative Uses
Best Use
Retail
$183.6K
$160.7K – $214.3K
NOI $12,855 @ 7.0% cap · market cap 642.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.7K
$250.9K – $334.5K
NOI $20,068 @ 7.0% cap · market cap 1,003.40%
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
135
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Groceries 33%
Shops & Services 1%
McDonald's
Dining
28,062 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
25,623 visits/mo
0.1 miles
Arby's
Dining
12,479 visits/mo
0.1 miles
Hardee's
Dining
11,917 visits/mo
0.0 miles
Napa Auto Parts
Shops & Services
643 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Newly built retail space offers an open interior, accessible restroom, and on-site parking.
Where is this retail space located?
The property is located at 635 S Broadway Street Forest City, NC.
What are key features of this property?
This property features: 1,300 square feet of retail space; Built in 2025; Concrete floors, high ceilings, and open‑span interior
