Sign Up Successful!
You now have access to more from Realmo!
    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

    128 Dr Martin Luther King Jr Way Gastonia, NC 28052

    Sponsored
    For Sale
    Pending
    $489,500

    COMMERCIAL - Gastonia, NC

    Lot size:
    0.23 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 15 at 1:06 pm

    Property Features for 128 Dr Martin Luther King Jr Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    105649
    Patio and Porch features
    Porch
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1890
    Flooring type
    Vinyl
    Building materials
    Block, Brick Full

    We can help!

    Listing Contact
    Carla Howell

    Coldwell Banker MECA Realty (704) 860-8480

    Listing agent Carla Howell (704) 616-0872

    Listing date Feb 13, 2026

    MLS# 4346064

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Gastonia Commercial Building For Sale

    Located at 128, 130, and 132 Dr Martin Luther King Jr Way in Gastonia, North Carolina, this three-unit commercial building is situated on a 0.23-acre lot. The property is located on a main thoroughfare and offers views of the courthouse, Gaston County zoning, and tax office parking lots. Its downtown location provides convenient access to Main Street, various dining options, the Gastonia Conference Center, and major highways. The property, zoned CBD, includes a private parking lot and is suitable for various uses, including an attorney's office or real estate office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.181642
    Latitude
    35.264246

    Nearby Similar for Sale

    • New
      $350,000
      0.33 Acres

      Gastonia Multifamily Investment Opportunity

      Two remodeled homes, one rented, offering immediate income potential.
      809/812 Marve St, Gastonia, NC 28052
      View Details
    • $287,000
      0.22 Acres

      Charming Gastonia Duplex with Updates

      Move-in ready duplex with updates near Fuse District and Loray Mill.
      1106 Summer Dr, Gastonia, NC 28052
      View Details
    • $1,200,000
      0.08 Acres

      Gastonia Live Music Venue

      Fully operational live music and event venue in Gastonia.
      334 W Main Ave, Gastonia, NC 28052
      View Details
    • $195,000
      0.31 Acres

      Gastonia Commercial Property For Sale

      Well-maintained commercial property with office, storage, and warehouse space.
      321 S Avon St, Gastonia, NC 28054
      View Details
    • $1,450,000
      6,676 SF

      Gastonia Industrial Site For Sale

      High-visibility industrial site near downtown Gastonia with versatile buildings.
      901 Dr Martin Luther King Jr Way, Gastonia, NC 28054
      View Details
    • New
      $434,900
      0.26 Acres

      Gastonia Duplex: Investment Opportunity

      Duplex in Gastonia, NC, ready for tenants.
      1009 E Airline St, Gastonia, NC 28054
      View Details
    • $899,000
      6,200 SF

      Gastonia Mixed-Use Investment Opportunity

      Three parcels with multiple buildings in Gastonia, North Carolina.
      617 E 2Nd Ave, Gastonia, NC 28054
      View Details
    • New
      $499,000
      0.21 Acres

      Gastonia Multifamily Investment Opportunity

      Multifamily property with single-family home and four bungalows.
      816 W Walnut Ave, Gastonia, NC 28052
      View Details
    • $499,999
      0.17 Acres

      Gastonia Restaurant Opportunity

      Restaurant building for sale in Gastonia, North Carolina.
      203 N Cherry St, Gastonia, NC 28052
      View Details
    • $599,000
      2.18 Acres

      Gastonia Office Building on 2.18 Acres

      Office building in Gastonia, NC, with updated features.
      619 E Price Ave, Gastonia, NC 28054
      View Details
    • $424,900
      0.18 Acres

      Restored Historic Gastonia Home

      Meticulously upgraded historic home in Gastonia's desirable district.
      209 W 3Rd Ave, Gastonia, NC 28052
      View Details
    • $695,000
      1.90 Acres

      Gastonia Land Approved for Storage

      1.9 acres with self-storage approvals and plans in place.
      Gaston Day School Rd, Gastonia, NC 28056
      View Details

    FAQs

    What type of property is this?
    Office building - Three-unit commercial building in downtown Gastonia with private parking.
    Where is this office building located?
    The property is located at 128 Dr Martin Luther King Jr Way Gastonia, NC.
    What is the asking price?
    The asking price for this property is $489,500.
    What are key features of this property?
    This property features: - Prime downtown Gastonia location on Dr. Martin Luther King Jr. Way.; - Zoned CBD (Central Business District) offering diverse business possibilities.; - Includes a private parking lot.
    (704) 616-0872
    Request Owner's contact information
    128 Dr Martin Luther King Jr Way Gastonia, NC 28052
    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.
    128 Dr Martin Luther King Jr Way
    Gastonia, NC 28052
    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
    128 Dr Martin Luther King Jr Way Gastonia, NC 28052
    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

    We can help!
    Listing Contact
    Carla Howell
    Real Estate License ID: 129522
    (704) 616-0872 (704) 266-5060
    Learn more
    Google sign-in failed. Please try again or use another login method.