Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    106/108 Henry St Stoneville, NC 27048
    Back to Search
    Property profile & analytics

    106/108 Henry St, Stoneville, NC 27048

    View on Map
    • Investment properties
    For Sale
    $353,000
    View Listing →
    Stoneville Business District Investment For Sale
    $353,000

    Stoneville Business District Investment

    Prime Location, Multi-Use Potential

    Matrimony, NC 27048
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 106/108 Henry St

    Property type
    Investment properties

    Description

    This exceptional investment opportunity presents a 353,000 USD commercial property ideally situated in the heart of Stoneville's business district, directly adjacent to a town-maintained park. The building offers significant versatility, catering to a range of business models. The upper level is partially developed, with completed electrical and plumbing rough-ins for two one-bedroom apartments and two studio apartments. Inspections confirming the quality of these rough-ins are available. A new roofing membrane has been recently installed over a section of the building, enhancing its longevity and structural integrity. The expansive ground floor space is adaptable, easily subdivided to create multiple retail or office units, or maintained as a single large area for businesses requiring ample floor space. Its prominent location ensures high visibility to both pedestrian and vehicular traffic, maximizing exposure and potential customer reach. A significant advantage is the inclusion of a dedicated private parking area located at the rear of the building, providing convenient and secure parking for tenants or customers. This property represents a rare chance to acquire a well-positioned, adaptable commercial space with significant upside potential in a thriving business district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stoneville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.9043
    Latitude
    36.4668

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      Ayersville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      Ayersville Rd, Stoneville, NC 27048
      View Details
    • Value Estimation by Request
      69.88 Acres

      2150 Sr

      INDUSTRIAL - VACANT LAND
      2150 Sr, Stoneville, NC 27048
      View Details
    • Value Estimation by Request
      5.05 Acres

      Us 220

      INDUSTRIAL - VACANT LAND
      Us 220, Stoneville, NC 27048
      View Details
    • Value Estimation by Request
      0.15 Acres

      817 Brg St

      INDUSTRIAL (GENERAL)
      817 Brg St, Stoneville, NC 27048
      View Details
    • Value Estimation by Request
      0.16 Acres

      Rainey Ct

      COMMERCIAL (GENERAL)
      Rainey Ct, Stoneville, NC 27048
      View Details
    • Value Estimation by Request
      0.43 Acres

      Bus 220th Bus, Unit 220

      INDUSTRIAL - VACANT LAND
      Bus 220th Bus, Stoneville, NC 27048
      View Details

    Similar Nearby for Sale

    • $353,000

      Stoneville Business District Investment

      Prime Location, Multi-Use Potential
      106/108 Henry St, Stoneville, NC 27048
      View Details
    • $95,000
      1.21 Acres

      Lakefront Lot in Stoneville, NC

      1.21-acre corner lot with lakefront views, ready for custom home.
      195 Pine Hill Rd, Stoneville, NC 27048
      View Details
    • Contact for pricing

      Prime Acres Near Retail Hub

      15.94 acres ideal for retail, commercial, or hospitality.
      6567 Nc Highway 135, Stoneville, NC 27048
      View Details
    • New
      $75,000
      7.19 Acres

      7.19 Acres on US 220

      7.19-acre vacant lot with highway frontage in Stoneville, NC.
      220 Business Hwy, Stoneville, NC 27048
      View Details
    • $353,000

      Mixed-Use Property in Stoneville

      Mixed-use property with development potential in Stoneville business district.
      106/108 Henry St, Stoneville, NC 27048
      View Details
    • Contact for pricing

      Prime Acres Near Retail Hub

      15.94 acres ideal for retail, hospitality, or commercial development.
      6567 Nc Highway 135, Stoneville, NC 27048
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near State Line

      Land available for rent on the Virginia/North Carolina state line.
      H J Rd, Stoneville, NC 27048
      View Details
    • Contact for pricing
      2,737 SF

      Office/Retail Space on NC Hwy

      2,737 SF office/retail space with highway frontage and ample parking.
      6625 Nc Highway 135, Mayodan, NC 27048
      View Details
    View Listing
    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.
    106/108 Henry St
    Stoneville, NC 27048
    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

    Thank You for Inquiry
    106/108 Henry St, Stoneville, NC, 27048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!