Corner Storefront
For Sale
$300,000
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 Market51
Property Features for 903 W Main Street
General Information
Standard status
Active
Size
1,941 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Amenities
Corner Lot, Level
Fiberglass
Public Sewer
Additional parcels description:, Parcel Number: 362007, Assessed Value: $156,822, Zoning: B3
Tile, Wood
Central Air
Natural Gas
Listing ID: CAR4419503, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, Special Conditions: None
4 total parking spaces, Driveway
Exterior Entry, Interior Entry, Unfinished
Built in 1941, Construction Materials: Vinyl, Wood
County/Parish: Rowan
2 total bathrooms
Electricity Connected, Natural Gas, Water Source: City
Basement
Frontage Type: State Road, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Covered, Front Porch, Screened
Electric Water Heater
Building Details
Building Size
1,941 SF
Year Built
1941
Listing Agency:
Century 21 Towne and Country
(704) 637-7721
Listed By:
Robin Safrit · License #317444
(704) 202-6542
Source:
Blackstreaminternational
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 9:35AM
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
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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 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 / Yr
$23,829
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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
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
