Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    203 N Cherry Street Gastonia, NC 28052

    View on Map
    For Sale
    $499,999

    COMMERCIAL - Gastonia, NC

    Lot size:
    0.17 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    159
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 203 N Cherry Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    103729
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxDescription
    R H PARKER L 20-21 01 020 089 00 000

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Deanna Smith
    Deanna Smith

    Listing agent Deanna Smith

    Listing office Exclusive Realty LLC 2018 Ayrsley Town Blvd Ste A, Charlotte, NC

    Listing date Oct 24, 2025

    MLS# 4315976

    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

    Gastonia Restaurant Opportunity

    This commercial building, formerly a restaurant, is available for sale in Gastonia, North Carolina. The property is situated on a 0.17-acre lot. Equipment inside the building will be sold separately. The property is located in Gaston County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • ABL Management Inc — 425 Dr M.L.K. Jr. Way, Gastonia, NC 28052
    • rhodies food truck — 506 w harrison ave, gastonia, nc 28052

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.190742
    Latitude
    35.265759

    Nearby Similar for Sale

    • $750,000

      Gastonia Commercial Development Package

      Five lots with two buildings in a growing Gastonia area.
      1114 W Franklin Boulevard W, Gastonia, NC 28052
      View Details
    • $399,999

      Restored Historic Gastonia Office/Commercial Property

      Meticulously upgraded historic home in Gastonia's desirable area.
      209 W 3rd Avenue, Gastonia, NC 28052
      View Details
    • $899,000

      Gastonia Mixed-Use Investment Opportunity

      Three parcels with multiple buildings in Gastonia, North Carolina.
      617 E 2nd Avenue, Gastonia, NC 28054
      View Details
    • $1,200,000

      Gastonia Live Music Venue

      Fully operational live music and event venue in Gastonia.
      334 W Main Avenue, Gastonia, NC 28052
      View Details
    • $599,000

      Gastonia Office Building on 2.18 Acres

      Office building in Gastonia, NC, with updated features.
      619 E Price Avenue, Gastonia, NC 28054
      View Details
    • $259,900

      Office Space in Union Commons

      Office space in desirable Union Commons, Gastonia, North Carolina.
      1568 Union Road, Gastonia, NC 28054
      View Details
    • $489,500

      Downtown Gastonia Commercial Building For Sale

      Three-unit commercial building in downtown Gastonia with private parking.
      128 Dr Martin Luther King Jr Way, Gastonia, NC 28052
      View Details
    • $289,900

      Gastonia Duplex in Established Neighborhood

      Well-cared for duplex with spacious units and convenient location.
      2110 Twin Avenue, Gastonia, NC 28052
      View Details
    • $175,000

      Gastonia Commercial Property For Sale

      Well-maintained commercial property with office, storage, and warehouse space.
      321 S Avon Street, Gastonia, NC 28054
      View Details
    • $274,900

      Charming Gastonia Duplex with Updates

      Move-in-ready duplex with updates, great for investors or homeowners.
      1106 Summer Drive, Gastonia, NC 28052
      View Details
    • $850,000
      6,026 SF

      Gaston County Commercial Investment Opportunity

      Fully leased commercial property with road frontage and ample parking.
      4521 Beaty Road, Gastonia, NC 28056
      View Details
    • $399,500

      Gastonia Duplex Investment Property

      Duplex with 6 bedrooms, 4 baths, ready for tenants.
      1009 E Airline Street, Gastonia, NC 28054
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant building for sale in Gastonia, North Carolina.
    Where is this restaurant located?
    The property is located at 203 N Cherry Street Gastonia, NC.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: Restaurant building available for purchase.; Built in 1962.; Equipment sold separately.
    (704) 907-3422
    We can help!
    Listing Contact
    Deanna Smith
    Deanna Smith
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!