Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    113 E B St Newton, NC 28658

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail building for sale in downtown Newton, North Carolina.

    Type:Retail
    Property size:
    2,375 SF
    Added:
    Apr 4, 2024
    Days on Market:
    733
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 113 E B St

    General Information

    Standard status
    Active
    Size
    2,375 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Jenny Eckard

    Listing agent Jenny Eckard License #NC 271955

    Listing office Commercial First

    Listing date Apr 4, 2024

    Source Crexi

    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 Commercial First

    Overview

    Downtown Newton Retail Building

    This retail building is located in downtown Newton, North Carolina, near the Newton Recreation Center and within walking distance of shopping and dining options. The building has a size of 2375 square feet and features a mink storage vault and a drive-through window. The property was previously used as a dry cleaning building, but offers possibilities for other business uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2213445
    Latitude
    35.6614492

    Nearby Similar for Sale

    • $375,000

      Versatile Commercial Property in Newton

      Income-producing commercial space with room to grow in Newton, NC.
      1904 N Rankin Avenue, Newton, NC 28658
      View Details
    • $599,900

      Updated Commercial Building in Newton

      Immaculate, updated commercial building with flexible space in Newton, NC.
      109 N Main Avenue, Newton, NC 28658
      View Details
    • $590,000

      Downtown Newton Commercial Property For Sale

      Standalone commercial property in downtown Newton with private parking.
      110 E A Street, Newton, NC 28658
      View Details
    • $549,000

      Historic Cinema in Downtown Newton

      Historic cinema with modern amenities and additional business opportunities.
      117 N College Avenue, Newton, NC 28658
      View Details
    • $599,900
      7,500 SF

      Updated Building with Flexible Space

      Immaculate, updated building with multiple opportunities for business or living.
      109 N Main Avenue, Newton, NC 28658
      View Details
    • $715,000
      5,150 SF

      5,150 SF Retail Building For Sale/Lease

      Prime retail building in Newton, NC with high foot traffic.
      110 E A St, Newton, NC 28658
      View Details
    • $4,500,000
      109,883 SF

      Industrial Facility in Catawba County

      109,883 SF industrial facility on 29.62 acres for sale.
      3360 Cansler Circle, Newton, NC 28650
      View Details
    • $1,650,000
      2,600 SF

      Historic Oakwood Dairy Farm Estate

      Historic 18.78-acre farm with barns, chapel, and party venue.
      3651 W Nc 10 Highway, Newton, Newton, NC 28658
      View Details
    • $1,650,000

      Historic Oakwood Dairy Farm Estate

      Historic 18.78-acre farm with agri-tourism zoning and wildlife conservancy.
      3651 W Nc 10 Highway, Newton, Newton, NC 28658
      View Details
    • $280,000

      Downtown Newton Auto Shop For Sale

      Auto shop with lifts and office in downtown Newton.
      11 E B Street, Newton, NC 28658
      View Details
    • $975,000
      63,000 SF

      Industrial/Manufacturing Building Near Downtown

      63,000 +/- SF industrial/manufacturing building for sale.
      912 N MAIN AVENUE, Newton, NC 28658
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail building for sale in downtown Newton, North Carolina.
    Where is this retail space located?
    The property is located at 113 E B St Newton, NC.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Downtown Newton location; Proximity to Newton Recreation Center; Walking distance to shopping and dining
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jenny Eckard
    Real Estate License ID: NC 271955
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!