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    122 E Central Avenue unit B Mount Holly, NC 28120

    View on Map
    For Lease
    Under Contract
    $850 /Mo

    COMMERCIAL - Mount Holly, NC

    Type:Office
    Property size:
    645 SF
    Added:
    Oct 2, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 122 E Central Avenue unit B

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    CO-CLD
    Parking features
    On Street
    Standard status
    Active Under Contract
    APN
    123822
    Size
    645 SF

    Taxes and HOA fees

    TaxDescription
    03 011 104 02 000
    Expense value
    850
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Sarah Edwards

    Listing agent Sarah Edwards

    Listing office Mountain Island Lake Realty LLC 802 N Main Street, Charlotte, NC

    Listing date Oct 2, 2025

    MLS# 4308740

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Mount Holly Office Space

    This commercial office space is located in downtown Mount Holly, North Carolina, near East Central Avenue, which runs parallel to Route 27. Nearby are local establishments such as Catawba Coffee, Jack Beagle's, and Pop-Maize-N Popcorn, as well as various downtown shops. The office space features a stage measuring 14.5 feet by 8 feet. The office itself is approximately 14.5 feet by 44.5 feet, totaling 645 square feet. The space benefits from ample natural light due to numerous windows. Tenants have access to a shared kitchenette, a full bathroom, and a washer/dryer. The lease is month to month. This space is intended for commercial use only; residential tenants are not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lands Shelly CPA Accounting Firm DondaB the Fashion Stylist (Bike/Boat/Book/etc) Store The Pisces Gallery Marketing & Advertising Photography By Jennifer (Bike/Boat/Book/etc) Store

    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
    Mount Holly
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.015159
    Latitude
    35.297132

    Nearby Similar for Lease

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      Mount Holly Office Space Rental

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      111 E Charlotte Avenue unit: B2, Mount Holly, NC 28164
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      Office Space in Mount Holly

      Office space for rent in Mount Holly, approximately 130 sqft.
      111 E Charlotte Avenue unit: C, Mount Holly, NC 28120
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      Mount Holly Office Space Available

      Office space for rent in Mount Holly, approximately 130sqft.
      111 E Charlotte Avenue unit: B1, Mount Holly, NC 28120
      View Details

    FAQs

    What type of property is this?
    Office units - Large open office space in downtown Mount Holly for rent.
    Where is this office units located?
    The property is located at 122 E Central Avenue unit B Mount Holly, NC.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: Large, open 645 sq ft office space in downtown Mount Holly.; Prime location near popular downtown shops and restaurants.; Unique stage (14.5 ft x 8 ft) included in the office space.
    (716) 713-0045
    We can help!
    Listing Contact
    Sarah Edwards
    Learn More
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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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