Mixed-Use Retail and Residential
For Sale
$589,900
637 Washington St, Eden, NC 27288
For sale mixed-use property with retail storefronts and residential units, with recent upgrades including new roofs and appliances.
Property Size3,391 SF
Price / SF$173.96
Days on Market125
Property Features for 637 Washington St
General Information
Standard status
Active
Size
3,391 SF
Property subtype
Commercial
Building Details
Year Built
1922
Listing Agency:
Realty One Group Results Reidsville
Listed By:
Mary Chalk
(336) 637-5058
Source:
Searchhomesinthetriad
Added: Jun 18
Changed: Oct 1
Last Checked: Oct 19 at 7:10AM
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 Realty One Group Results Reidsville
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Investment Insights
Based on property information with market context.
This mixed-use property for sale includes retail storefronts and residential units, offering multiple sources of income in one building. Public remarks note recent upgrades, including new roofs and appliances.
The property is located at 637 Washington St in Eden, NC, on a downtown strip.
Interested buyers can purchase this building individually or, per the seller’s offering, bundle up to four properties for a larger portfolio with an easier management approach across multiple assets.
The property is located at 637 Washington St in Eden, NC, on a downtown strip.
Interested buyers can purchase this building individually or, per the seller’s offering, bundle up to four properties for a larger portfolio with an easier management approach across multiple assets.
Key Highlights
- Mixed‑use property for sale with retail storefronts and residential units
- Recent upgrades include new roofs and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,366
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,320
$667.3K
Cap Rate 7%
$476,657
$476.7K
Cap Rate 9%
$370,733
$370.7K
Market Conditions
NOI Build-Up for 3,391 SF
Gross rent
$50.9K $15.00/SF
− Vacancy
−$3.2K −$0.94/SF
EGI
$47.7K $14.06/SF
− OpEx
−$14.3K −$4.22/SF
NOI
$33.4K $9.84/SF
Area
Rockingham County, NC
Vacancy
6.29%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,320
Cap Rate 7%
$476,657
Cap Rate 9%
$370,733
Alternative Uses
Best Use
Retail
$476.7K
$417.1K – $556.1K
NOI $33,366 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$403.6K
$353.1K – $470.8K
NOI $28,250 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.12M
$978.3K – $1.30M
NOI $78,260 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,525 visits/mo
0.2 miles
Demographics for 27288, NC
23,375
Population
11,127
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
71.4 sq mi
ZIP Area
327
Density / Sq Mi
$53,081
Median Household Income
$36,743
Median Earnings
$828
Median Rent
$129,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Johnson's — 657 Washington St, Eden, NC 27288
- Creative Expressions Florist — 609 Washington St, Eden, NC 27288
- Simply The Best Flowers & Gifts — 349 W Kings Hwy, Eden, NC 27288
Frequently Asked Questions
What type of property is this?
Storefront property - For sale mixed-use property with retail storefronts and residential units, with recent upgrades including new roofs and appliances.
Where is this storefront property located?
The property is located at 637 Washington St Eden, NC.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Mixed‑use property for sale with retail storefronts and residential units; Recent upgrades include new roofs and appliances
