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    104 Fairway Shopping Ctr St Hudson, NC 28638
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    104 Fairway Shopping Ctr St, Hudson, NC 28638

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    • Retail properties & Spaces
    • 9,815 SF
    For Sale
    $345,000
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    Hudson Retail Space - High Visibility For Sale
    $345,000
    9,815 SF

    Hudson Retail Space - High Visibility

    Prime downtown Hudson retail space, nearly 10,000 sq ft.

    104 Fairway Shopping Ctr St, Hudson, NC 28638
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 104 Fairway Shopping Ctr St

    Year built
    1970
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity encompasses a substantial 9,815 square foot building situated within the highly visible Fairway Shopping Center in desirable downtown Hudson, North Carolina. Benefiting from a prime location, the property enjoys frontage on both Central Street and Legion Road, ensuring excellent exposure to a significant volume of traffic. Its strategic placement offers exceptional visibility to Highway 321A, maximizing its potential for attracting customers. Currently configured as a church, this versatile space presents a wealth of possibilities for a variety of retail uses. The building features convenient handicap access, a significant advantage for attracting a broad customer base. Recent improvements include a newly installed roof, eliminating immediate maintenance concerns and providing peace of mind for the new owner. The property is zoned Central Business, further enhancing its suitability for a wide range of commercial ventures. This offering presents a unique chance to establish a thriving business in a bustling downtown area. Note that additional buildings are available within the same shopping center for those seeking larger or complementary spaces. The property sits on a 0-acre lot. The asking price for this exceptional retail space is $345,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.4965
    Latitude
    35.8483

    Comparable in this City

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      7,313 SF

      2608 Hickory Blvd

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      2608 Hickory Blvd, Hudson, NC 28638-9100
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    • Value Estimation
      $1,025,000
      22,924 SF

      3351 Hickory Blvd

      SHOW ROOM, WAREHOUSE
      3351 Hickory Blvd, Hudson, NC 28638-9024
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    • Value Estimation by Request
      3,260 SF

      596 Central St

      FINANCIAL BUILDING
      596 Central St, Hudson, NC 28638-2418
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    • Value Estimation by Request
      2,024 SF

      3412 Hickory Blvd

      RESTAURANT
      3412 Hickory Blvd, Hudson, NC 28638-9025
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    • Value Estimation by Request
      3,825 SF

      640 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      640 Main St, Hudson, NC 28638-2545
      View Details

    Similar Nearby for Sale

    • $345,000
      9,815 SF

      Hudson Retail Space - High Visibility

      Prime downtown Hudson retail space, nearly 10,000 sq ft.
      104 Fairway Shopping Ctr St, Hudson, NC 28638
      View Details
    • $199,000
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      Hudson NC Mixed-Use Land

      Mixed-use land with high visibility and development potential.
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      Highway Business Zoned Stucco Building

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      Downtown Hudson Retail Space Available

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      Downtown Hudson Retail Opportunity

      Large retail space in downtown Hudson's Fairway Shopping Center.
      128 Fairway Shopping Ctr Ctr, Hudson, NC 28638
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      Commercial Land Near Walmart Center

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    Hudson, NC 28638
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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.

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