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

    604 Clark Dr Lincolnton, NC 28092

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $440,000

    High-visibility corner lot, ideal for various businesses.

    Property Features for 604 Clark Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    47,045 SF

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    John Jr Gilleland
    John Jr Gilleland

    Listing Agency: Gilleland Realty Inc Listing Agent: John Jr Gilleland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 5,243 sq ft commercial property in Lincolnton, NC, boasts a prime location on Clark Drive, directly off N Generals Blvd, an area with high visibility and steady traffic (13,000 average daily vehicles). The 1.08-acre corner lot offers ample parking both in front and behind the building. Previously used as a car dealership and a restaurant, the property's versatile Planned Business District zoning allows for a wide range of commercial uses. Its strategic location offers easy access and benefits from proximity to a motel and a retail strip center, ensuring high foot and vehicle traffic. The seller is open to considering lease options in addition to a sale at $440,000. This presents a unique opportunity for entrepreneurs seeking a well-situated, high-traffic commercial space in a thriving area. The property's size and location make it an attractive investment for businesses seeking strong visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baron Finance Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnton
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.24026
    Latitude
    35.47112

    Nearby Similar for Sale

    • $699,900
      9.85 Acres

      Lincolnton Multifamily Investment Opportunity

      Portfolio of 12 units on 9.85 acres near downtown.
      1218 W Highview Ln, Lincolnton, NC 28092
      View Details
    • $299,900
      2.22 Acres

      Renovated Building on Large Lot

      Renovated building on 2.22 acre lot with ample parking.
      1034 Long Shoals Rd, Lincolnton, NC 28092
      View Details
    • $498,000
      6,000 SF

      Versatile Commercial Property in Lincolnton

      Unique mixed-use property with outdoor space in downtown Lincolnton.
      313 Government St, Lincolnton, NC 28092
      View Details
    • $2,500,000
      3.81 Acres

      Versatile Commercial Property in Lincolnton

      Spacious commercial property suitable for retail, warehouse, or industrial operations.
      969 Reepsville Rd, Lincolnton, NC 28092
      View Details
    • New
      $2,700,000
      3.09 Acres

      Well-Maintained Industrial Building

      61,500+/- SF building ideal for manufacturing, distribution, or storage.
      113 Industrial Park Rd, Lincolnton, NC 28092
      View Details
    • $339,500
      0.10 Acres

      Downtown Lincolnton Commercial Property

      Spacious commercial property in downtown Lincolnton with development potential.
      125 W Water St, Lincolnton, NC 28092
      View Details
    • Contact for pricing
      0.44 Acres

      Land in Lincolnton, North Carolina

      Land available in Lincolnton, North Carolina.
      Meandering Ln, Lincolnton, NC 28092
      View Details
    • $3,950,000
      135,000 SF

      Lincolnton Industrial Property

      Historic mill, renovated, owner-user ideal.
      215 Bonview Ave, Lincolnton, NC 28092
      View Details
    • $2,500,000
      23.98 Acres

      Lincolnton Commercial Land - 24 Acres

      Prime Lincolnton location, ready for development.
      00 Roper Dr, Lincolnton, NC 28092
      View Details
    • $2,950,000
      3.09 Acres

      Lincolnton Industrial Building - 61,500 SF

      Spacious industrial space, excellent condition, highway access.
      113 Industrial Park Rd, Lincolnton, NC 28092
      View Details
    • $499,000
      4,260 SF

      Lincolnton Mobile Home Park Investment

      High-Yield Mobile Home Park in Lincolnton, NC
      00 Sundale Ln, Lincolnton, NC 28092
      View Details
    • Contact for pricing

      Turnkey Mixed-Use Building in Lincolnton

      Fully leased, remodeled mixed-use building with business and residential units.
      205 S Academy St, Lincolnton, NC 28092
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility corner lot, ideal for various businesses.
    Where is this commercial real estate located?
    The property is located at 604 Clark Dr Lincolnton, NC.
    What is the asking price?
    The asking price for this property is $440,000.
    (704) 735-0099
    Request Owner's contact information
    604 Clark Dr Lincolnton, NC 28092
    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.
    604 Clark Dr
    Lincolnton, NC 28092
    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
    604 Clark Dr Lincolnton, NC 28092
    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
    John Jr Gilleland
    John Jr Gilleland
    Real Estate License ID: 216404
    (704) 735-0099 (704) 460-3660 (704) 530-3096
    Learn more
    Google sign-in failed. Please try again or use another login method.