Mixed-Use Property with Garage
For Sale
$599,000
80 N Main Street, Sparta, NC 28675
Connected commercial buildings offer storefront, open garage, and adaptable interior space in downtown Sparta.
Property Size6,531 SF
Price / SF$91.72
Days on Market141
Property Features for 80 N Main Street
General Information
Standard status
Active
Size
6,531 SF
Property subtype
Commercial
Zoning
B2, Central Business
Property Condition
Severity
Repairs Needed
Evidence
need restoration and updates
Taxes and HOA fees
Annual Taxes
$992
Building Details
Building Size
6,531 SF
Year Built
1952
Stories
1
Listing Agency:
Keller Williams Realty Elite - Blue Ridge
(919) 868-6675
Listed By:
James Halsey
(336) 553-7755
Source:
Heavenlymountainproperties
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 26 at 4:01AM
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 Keller Williams Realty Elite - Blue Ridge
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Investment Insights
Based on property information with market context.
At 80 N Main Street, this 6,531-square-foot mixed-use property comprises several connected buildings with a street-facing commercial section and expansive garage areas. Interior details include pressed tin ceilings, vintage-style tile, and concrete floors. Built in 1952, the property requires restoration and updates and is being sold in as-is condition.
The site includes parking areas and occupies a downtown Sparta Main Street location. Its building configuration and varied interior spaces support consideration of retail, office, studio, service, or mixed-use layouts. Underground fuel tanks have been removed, and the property has received clearance from the State DEQ.
The site includes parking areas and occupies a downtown Sparta Main Street location. Its building configuration and varied interior spaces support consideration of retail, office, studio, service, or mixed-use layouts. Underground fuel tanks have been removed, and the property has received clearance from the State DEQ.
Key Highlights
- 6,531 square feet across connected commercial buildings
- Main Street‑facing section in downtown Sparta
- Garage areas feature concrete floors and broad open interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,949
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,980
$819.0K
Cap Rate 7%
$584,986
$585.0K
Cap Rate 9%
$454,989
$455.0K
Market Conditions
NOI Build-Up for 6,531 SF
Gross rent
$74.5K $11.40/SF
− Vacancy
−$8.9K −$1.37/SF
EGI
$65.5K $10.03/SF
− OpEx
−$24.6K −$3.76/SF
NOI
$40.9K $6.27/SF
Area
Alleghany County, NC
Vacancy
12.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,980
Cap Rate 7%
$584,986
Cap Rate 9%
$454,989
Alternative Uses
Best Use
Retail
$846.4K
$740.6K – $987.5K
NOI $59,249 @ 7.0% cap · market cap 9.89%
Second Best
Mixed Use
$585.0K
$511.9K – $682.5K
NOI $40,949 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,313 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
6,650 visits/mo
0.1 miles
Speedway
Shops & Services
5,279 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,544 visits/mo
0.1 miles
Truist
Shops & Services
2,471 visits/mo
0.3 miles
CARQUEST Auto Parts
Shops & Services
2,138 visits/mo
0.1 miles
Demographics for 28675, NC
6,138
Population
3,867
Households
1.6
Avg Household Size
50
Median Age
24%
College-Educated
84%
High-School Grad
107.4 sq mi
ZIP Area
57
Density / Sq Mi
$44,137
Median Household Income
$29,686
Median Earnings
$717
Median Rent
$202,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Connected commercial buildings offer storefront, open garage, and adaptable interior space in downtown Sparta.
Where is this mixed-use property located?
The property is located at 80 N Main Street Sparta, NC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 6,531 square feet across connected commercial buildings; Main Street‑facing section in downtown Sparta; Garage areas feature concrete floors and broad open interiors
