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    209 W 3rd Avenue Gastonia, NC 28052

    View on Map
    For Sale
    $399,999

    SINGLE_FAMILY - Gastonia, NC

    Type:Office
    Lot size:
    0.18 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    55
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 209 W 3rd Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2, Basement
    Parking features
    Driveway
    Appliances
    Gas Oven, Gas Range
    Standard status
    Active
    APN
    108657
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxDescription
    PID108657

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1933
    Building materials
    Vinyl

    We can help!

    Listing Contact
    Andrea Cossette
    Andrea Cossette

    Listing agent Andrea Cossette License #98462

    Listing office NorthGroup Real Estate LLC 7761-101 Ballantyne Commons Pa, Cornelius, NC

    Listing date Feb 4, 2026

    MLS# 4343486

    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

    Restored Historic Gastonia Office/Commercial Property

    This beautifully restored early-1900s home, located in Gastonia's historic district, offers timeless character with modern comfort. Zoned for commercial or office use, the property has been thoughtfully renovated. The interior features original hardwood floors and an oversized primary bedroom with three closets. The custom-built kitchen includes granite and quartz countertops, stainless steel appliances, a pot filler, primary and prep sinks, and an appliance lift/mixer stand. All kitchen appliances convey. Upgrades include a whole-house water filtration system, reverse-osmosis drinking water faucets, and an on-demand tankless water heater. Major systems, including HVAC, electrical, and plumbing, were fully updated in 2016, along with injected foam insulation in all exterior walls. New exterior doors, Low-E glass windows, and a roof replaced in 2012 enhance energy efficiency. Outdoor living is enhanced by a 500-sq-ft cobblestone patio, brick built-in grill with natural gas, attached water spigot, inground drip irrigation, and low-maintenance, drought-resistant landscaping. A detached oversized double garage (24' x 28', built in 2020) is fully insulated with ceiling fans, epoxy floors and ample storage. Storage is abundant with a large floored attic with closet rods, basement storage, and additional garage space. Located in a quiet, walkable neighborhood, the property is within walking distance to Gastonia's favorite foodie spots, Caromont Ballpark, and just two blocks from the Greenway. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.184512
    Latitude
    35.258831

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    FAQs

    What type of property is this?
    Office units - Meticulously upgraded historic home in Gastonia's desirable area.
    Where is this office units located?
    The property is located at 209 W 3rd Avenue Gastonia, NC.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Fully renovated historic home (early 1900s) with modern updates; major systems updated in 2016 (HVAC, electrical, plumbing).; Custom‑built kitchen featuring granite and quartz countertops, stainless steel appliances, pot filler, primary and prep sinks, and appliance lift.; Detached, oversized (24' x 28') insulated double garage (built in 2020) with epoxy floors and ample storage.
    (704) 674-6152
    We can help!
    Listing Contact
    Andrea Cossette
    Andrea Cossette
    Real Estate License ID: 98462
    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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