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    Property profile & analytics

    347 Kings Hwy Eden, NC 27288

    • Retail properties & Spaces
    • 4,500 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 347 Kings Hwy

    Lot size
    3.00 lot acres
    Property size
    4,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Hospitality properties

    Description

    This exceptional commercial property, located at 347 W Kings Highway in Eden, North Carolina, presents a unique investment opportunity. Boasting 4,500 square feet of retail or hospitality space on a sizable 3-acre lot, this property offers significant potential for a variety of businesses. Its prime location along the Smith River provides approximately 360 feet of river frontage, creating a picturesque setting ideal for businesses catering to outdoor enthusiasts. The property's proximity to a municipal greenway further enhances its appeal. The zoning is commercial, allowing for flexible use. Imagine establishing a winery, outfitter, or recreational business that leverages the stunning riverfront location. The property also benefits from excellent visibility and signage opportunities on Kings Highway, ensuring high traffic and brand awareness. The asking price is $325,000. This is a rare chance to acquire a substantial riverfront commercial property in a desirable location with significant development potential. Don't miss this opportunity to own a piece of Eden's vibrant commercial landscape. The property is zoned for commercial use and offers ample space for expansion or modification to suit your specific business needs. Its location in Rockingham County, North Carolina, provides easy access to major transportation routes and a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eden
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.7504
    Latitude
    36.4919

    Comparable in this City

    • Value Estimation
      $10,030,000
      57,000 SF

      724 Van Buren Rd

      HOTEL/MOTEL • 57,000 SF
      724 Van Buren Rd, Eden, NC 27288-5322
      View Details
    • Value Estimation by Request
      7,008 SF

      115 Kings Hwy

      HOTEL/MOTEL • 7,008 SF
      115 Kings Hwy, Eden, NC 27288-5007
      View Details
    • Value Estimation
      $580,000
      14,126 SF

      716 Linden Dr

      HOTEL/MOTEL • 14,126 SF
      716 Linden Dr, Eden, NC 27288-5372
      View Details
    • Value Estimation by Request
      8,375 SF

      213 Van Buren Rd

      HOTEL/MOTEL • 8,375 SF
      213 Van Buren Rd, Eden, NC 27288-5024
      View Details
    • Value Estimation
      $1,145,000
      32,448 SF

      110 Arbor Ln

      HOTEL/MOTEL • 32,448 SF
      110 Arbor Ln, Eden, NC 27288-5302
      View Details
    • Value Estimation by Request
      0.44 Acres

      Washington Sta

      SHOPPING CENTER COMMON AREA • 0.44 Acres
      Washington Sta, Eden, NC 27288
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Riverside Shop/Showroom on Three Acres

      4,500 SF shop/showroom with river frontage on three acres.
      347 W Kings Hwy, Eden, NC 27288
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    • $875,000

      Income Producing Mixed-Use Property

      Mixed-use property with retail and residential units in Eden, NC.
      600 Washington St, Eden, NC 27288
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    • $749,900

      Turn-Key Restaurant Building in Eden

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      203B E Meadow Rd, Eden, NC 27288
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      Multi-Use Facility For Sale

      Multi-use facility with mechanic shop, office, and warehouse space.
      121 Boone Rd, Eden, NC 27288
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    • Contact for pricing

      Cascade Avenue Land For Sale

      Land suitable for car lot expansion or portfolio diversification.
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    • Contact for pricing

      3 Acres with River Frontage

      3 acres with river frontage, office, and warehouse space.
      347 Kings Hwy, Eden, NC 27288
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on Primary Corridor

      Retail spaces available in high-visibility Eden location.
      640 S Van Buren Rd, Eden, NC 27288
      View Details
    • Contact for pricing

      Available Industrial Space in Eden

      Up to 533,424 SF available for lease.
      572 S New St, Eden, NC 27288
      View Details
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    347 Kings Hwy
    Eden, NC 27288
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    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
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