Medical Office Property with Dual
For Sale
$385,000
810 W King Street, Kings Mountain, NC 28086
Commercial Sale, Kings Mountain, NC
Property Size2,100 SF
Lot Size0.49 Acres
Price / SF$183.33
Days on Market348
Property Features for 810 W King Street
General Information
Property type
Residential
Property subtype
Office
Zoning
SC
Zoning description
Suburban Commercial
View
City
Standard status
Active
APN
8564
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
810 W KING ST OFFICE
Legal Description
810 W KING ST OFFICE
Utilities
Sewer type
Public Sewer
Building Details
Year built
1964
Roof type
Composition
Listing Agency:
Jolly Realty Group LLC
(704) 830-6737
Listed By:
Linda Newsome · License #188618
(704) 472-8325
Added: Sep 29, 2025
Changed: Sep 6
Last Checked: Sep 11 at 2:06PM
MLS# 4306080
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.
Investment Insights
Based on property information with market context.
This medical office property includes 1,750 square feet on the main level and 350 square feet of finished space upstairs. Built in 1964, the building has a flexible interior arrangement with multiple rooms, reception space, and work areas. The upper level includes plumbing connections and can support office, breakroom, or storage functions.
The site is positioned on West King Street in Kings Mountain, with a paved entrance leading to a private rear parking lot. A second access point connects to Country Club Road, providing two routes for entering and leaving the property. The property is zoned SC and served by public sewer.
The site is positioned on West King Street in Kings Mountain, with a paved entrance leading to a private rear parking lot. A second access point connects to Country Club Road, providing two routes for entering and leaving the property. The property is zoned SC and served by public sewer.
Key Highlights
- 1,750 square feet on the main level plus 350 square feet upstairs
- Finished upper‑level area includes plumbing connections
- Former medical office layout with multiple rooms and reception space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,520
$575.5K
Cap Rate 7%
$411,086
$411.1K
Cap Rate 9%
$319,733
$319.7K
Market Conditions
NOI Build-Up for 2,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.6K $22.20/SF
− Vacancy
−$8.3K −$3.93/SF
EGI
$38.4K $18.27/SF
− OpEx
−$9.6K −$4.57/SF
NOI
$28.8K $13.70/SF
Area
Cleveland County, NC
Vacancy
17.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,520
Cap Rate 7%
$411,086
Cap Rate 9%
$319,733
Alternative Uses
Best Use
Office B
$411.1K
$359.7K – $479.6K
NOI $28,776 @ 7.0% cap · market cap 7.47%
Second Best
Healthcare Medical
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$533.3K
$466.6K – $622.2K
NOI $37,331 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28086, NC
27,641
Population
11,307
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
83%
High-School Grad
90.5 sq mi
ZIP Area
305
Density / Sq Mi
$56,079
Median Household Income
$37,758
Median Earnings
$879
Median Rent
$181,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Cleveland Animal Hospital, PLLC — 103 S Watterson St, Kings Mountain, NC 28086
Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable professional space with finished upper-level area, private parking, and two points of vehicle access.
Where is this medical office space located?
The property is located at 810 W King Street Kings Mountain, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,750 square feet on the main level plus 350 square feet upstairs; Finished upper‑level area includes plumbing connections; Former medical office layout with multiple rooms and reception space
