Building Details

Building Size 2,515 SF

Year Built 1921

Buildings 1

Construction brick

Listing Agency: Century 21 Town & Country Rlty

Listed By: Tina Clark Show Phone

Source: Deniiyareedrealty

Added: Nov 29, 2025 Changed: Oct 26 Last Checked: Oct 26 at 2:54PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Town & Country Rlty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1921, this brick commercial property retains its original bank vault and offers space for as many as three separate business areas. The upper floor contains 1,755 square feet of additional space. A connecting doorway to 100 Main Street allows the two properties to function together or independently.

The property occupies a corner in downtown Lowell, near parks, city hall, and local shops. I-85 provides regional access, and Charlotte is less than 20 minutes away.

Key Highlights

• Built in 1921 with a brick exterior and original bank vault
• Layout accommodates up to three separate business spaces
• Upper floor includes 1755sqft of additional space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,095

Cap Rate

6.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$721,900 $721.9K

Cap Rate 7%

$515,643 $515.6K

Cap Rate 9%

$401,056 $401.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,515 SF

Gross rent

$62.8K $24.96/SF

− Vacancy

−$5.0K −$2.00/SF

EGI

$57.8K $22.96/SF

− OpEx

−$21.7K −$8.61/SF

NOI

$36.1K $14.35/SF

Area

Gaston County, NC

Vacancy

8.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$721,900

Cap Rate 7%

$515,643

Cap Rate 9%

$401,056

Alternative Uses

Best Use

Mixed Use

$515.6K

$451.2K – $601.6K (±1% cap)

NOI $36,095 @ 7.0% cap · market cap 6.28%

Second Best

Retail

$441.1K

$386.0K – $514.6K (±1% cap)

NOI $30,876 @ 7.0% cap · market cap 5.37%

Theoretical Best

Office A

$791.6K

$692.6K – $923.5K (±1% cap)

NOI $55,410 @ 7.0% cap · market cap 9.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

City Of Lowell City Hall

Suggested Use

Top Pick Dental Office Law Firm Pharmacy Real Estate Agency Electrical Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

301

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 93% Home Improvements & Furnishings 7%

Dollar General Shops & Services

7,706 visits/mo 0.2 miles

Citgo Shops & Services

5,262 visits/mo 0.2 miles

City Electric Supply Home Improvements & Furnishings

1,044 visits/mo 0.1 miles

Demographics for 28098, NC

3,868

Population

1,685

Households

2.3

Avg Household Size

39

Median Age

17%

College-Educated

84%

High-School Grad

3.6 sq mi

ZIP Area

1,074

Density / Sq Mi

$51,879

Median Household Income

$33,750

Median Earnings

$1,152

Median Rent

$153,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A connecting doorway to 100 Main Street supports unified or separate operation across the properties.

Where is this mixed-use property located?

The property is located at 101 E FIRST Street Lowell, NC.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Built in 1921 with a brick exterior and original bank vault; Layout accommodates up to three separate business spaces; Upper floor includes 1755sqft of additional space