Versatile Restaurant and Office
For Sale
$500,000
7209 Main St, Wade, NC 28395
Flexible interior layout includes kitchen, dining/retail area, multiple offices, and three bathrooms, with a roof only two years old.
Property Size4,000 SF
Lot Size0.80 Acres
Price / SF$125
Days on Market59
Property Features for 7209 Main St
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.80 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
ACE REAL ESTATE
(910) 229-9444
Listed By:
AMY REYNOLDS · License #254811
(910) 229-9444
Source:
Exprealty
Added: Jun 3
Changed: Jul 26
Last Checked: Jul 30 at 3:32PM
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 ACE REAL ESTATE
Investment Insights
Based on property information with market context.
This versatile commercial property was previously home to a successful restaurant for more than 20 years and now offers a flexible layout designed to support multiple uses. The interior includes a kitchen area, a spacious dining/retail space, multiple office areas, and three bathrooms.
Located at 7209 Main St, the property fronts Main Street and offers convenient access to major routes including I-95, I-295, Hwy 87, and the airport. Outdoor space is approximately 0.8 acres, providing room for parking.
With approximately 4,000 square feet of space and a roof that is only two years old, the building is offered for sale with leasing information available separately.
Located at 7209 Main St, the property fronts Main Street and offers convenient access to major routes including I-95, I-295, Hwy 87, and the airport. Outdoor space is approximately 0.8 acres, providing room for parking.
With approximately 4,000 square feet of space and a roof that is only two years old, the building is offered for sale with leasing information available separately.
Key Highlights
- Approximately 4,000 SF of flexible commercial space with kitchen, spacious dining/retail area, and multiple office areas
- 3 bathrooms included, supporting uses such as restaurant, retail, office space, or event venue
- Roof is only 2 years old
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 | $55.2k | $13.80 |
| − Vacancy | −$1.8k | −$0.44 |
| EGI | $53.4k | $13.36 |
| − OpEx | −$13.4k | −$3.34 |
| NOI | $40.1k | $10.02 |
4,000 SF · lease $13.80/SF/yr · vacancy 3.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$746.7K
$653.4K – $871.2K
NOI $52,272 @ 7.0% cap · market cap 10.45%
Second Best
Specialty Retail
$572.5K
$500.9K – $667.9K
NOI $40,075 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$955.8K
$836.4K – $1.12M
NOI $66,908 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28395, NC
2,596
Population
1,083
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
50.4 sq mi
ZIP Area
52
Density / Sq Mi
$80,833
Median Household Income
$42,273
Median Earnings
$1,071
Median Rent
$226,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible interior layout includes kitchen, dining/retail area, multiple offices, and three bathrooms, with a roof only two years old.
Where is this conventional restaurant located?
The property is located at 7209 Main St Wade, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 4,000 SF of flexible commercial space with kitchen, spacious dining/retail area, and multiple office areas; 3 bathrooms included, supporting uses such as restaurant, retail, office space, or event venue; Roof is only 2 years old
