Corner Storefront
New
For Sale
$300,000
Pending
903 W Main Street, Rockwell, NC 28138
Existing interior features include a kitchen, two full bathrooms, and flexible commercial space.
Property Size1,941 SF
Days on Market5
Property Features for 903 W Main Street
General Information
Standard status
Pending
Size
1,941 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Amenities
Features: Corner Lot, Level, Size: 0.42, Size Units: Acres
Description: Fiberglass
Flooring: Tile, Wood
Details: Central Air
Heating: Natural Gas
Days on Market: 0, Listing Price: 300000, Status: Under Contract-Show
Parking Total: 4
Description: Exterior Entry, Interior Entry, Unfinished
Construction Materials: Vinyl, Wood, Year Built: 1941
City: Rockwell, State: NC, Zip: 28138, County: Rowan
Zoning: B3
Sewer: Public Sewer, Water Source: City, Utilities: Electricity Connected, Natural Gas
Auction Y/N: 0
Patio Features: Covered, Front Porch, Screened
Description: Electric Water Heater
Building Details
Building Size
1,941 SF
Year Built
1941
Listing Agency:
Century 21 Towne and Country
(704) 202-6542
Listed By:
Robin Safrit
(704) 202-6542
Source:
Blackstreaminternational
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:40AM
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 Century 21 Towne and Country
Investment Insights
Based on property information with market context.
This storefront property is situated on a corner lot at 903 W Main Street in Rockwell. The interior includes a kitchen, two full bathrooms, and adaptable commercial space that may accommodate commercial or professional uses, subject to confirmation of zoning, permitted uses, and occupancy requirements.
Constructed in 1941, the property is offered in its existing condition. The sale is subject to the buyer accepting the property as-is, with no repairs to be completed by the seller.
Constructed in 1941, the property is offered in its existing condition. The sale is subject to the buyer accepting the property as-is, with no repairs to be completed by the seller.
Key Highlights
- Corner‑lot storefront at 903 W Main Street, Rockwell, NC 28138
- Kitchen included in the existing interior layout
- Two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,580
$476.6K
Cap Rate 7%
$340,414
$340.4K
Cap Rate 9%
$264,767
$264.8K
Market Conditions
NOI Build-Up for 1,941 SF
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.
Gross rent
$36.8K $18.96/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$34.0K $17.54/SF
− OpEx
−$10.2K −$5.26/SF
NOI
$23.8K $12.28/SF
Area
Rowan County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,580
Cap Rate 7%
$340,414
Cap Rate 9%
$264,767
Alternative Uses
Best Use
Retail
$340.4K
$297.9K – $397.2K
NOI $23,829 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.9K
$534.6K – $712.7K
NOI $42,764 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
111k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 32%
Groceries 25%
Food Lion Grocery Store
Groceries
27,341 visits/mo
0.3 miles
McDonald's
Dining
15,419 visits/mo
0.3 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
13,011 visits/mo
0.5 miles
BP
Shops & Services
12,257 visits/mo
0.3 miles
SONIC Drive In
Dining
8,430 visits/mo
0.2 miles
Demographics for 28138, NC
10,855
Population
4,228
Households
2.6
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
44.9 sq mi
ZIP Area
242
Density / Sq Mi
$64,032
Median Household Income
$41,841
Median Earnings
$1,015
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Flower Basket — 319 Broad St, Rockwell, NC 28138
Frequently Asked Questions
What type of property is this?
Storefront property - Existing interior features include a kitchen, two full bathrooms, and flexible commercial space.
Where is this storefront property located?
The property is located at 903 W Main Street Rockwell, NC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Corner‑lot storefront at 903 W Main Street, Rockwell, NC 28138; Kitchen included in the existing interior layout; Two full bathrooms
