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    Retail Buildings in Downtown Cherryville Title is generated by Realmo AI

    105 and 107 E Main Street, Cherryville, NC 28021

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    Claim this Listing
    New
    For Sale
    $425,000

    SINGLE_FAMILY - Cherryville, NC

    Type:Retail
    Lot size:
    0.15 Acres
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 4:06 pm

    Property Features for 105 and 107 E Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    B3
    Bathrooms
    1
    Rooms
    Basement, Bathroom 1
    Parking features
    On Street
    Basement
    Walk-Out Access, Storage Space
    Standard status
    Active
    APN
    129698/129697
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    2958 pg 753 3631 pg 304

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood, Carpet
    Building materials
    Brick Full, Block
    Roof type
    Flat

    We can help!

    Listing Contact
    Vickie Spurling
    Vickie Spurling

    Listing agent Vickie Spurling License #164716

    Listing office Vickie Spurling Realty Inc 211 East Main Street, Cherryville, NC

    Listing date May 22, 2026

    MLS# 4381267

    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.

    HighLights

    • Includes 2 buildings in the Cherryville Downtown Central Business District.
    • Sales price includes both buildings and inventory (florals, greenery, and supplies).
    • Larger building is a 2‑story with a basement.
    • Parcels 129697 and 129698 are included.
    • Suitable for retail/wholesale use.
    • Construction materials include Brick Full and Block.

    Overview

    Located in the Cherryville Downtown Central Business District, this listing features two buildings, parcels 129697 and 129698, offered for sale. The sales price encompasses both buildings and the existing inventory, currently utilized as a retail and wholesale floral shop. The inventory includes a substantial quantity of florals, greenery, and related supplies. Note that the owner is not selling the business itself or its name, and business records will not be disclosed. The seller may continue to sell some of the inventory until the property is under contract. The larger building is a two-story structure with a basement. The total available square footage accounts for both buildings, including the main, upper, and basement levels. The finished space measurement excludes the basement area. The property is zoned B3 and has a lot size of 0.15 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Noble Artistry — 215 E Main St, Cherryville, NC 28021
    • Flowers & More — 105 E Main St, Cherryville, NC 28021
    • Hometown Florist & Interiors — 123 e w main st, cherryville, nc 28021

    Location Insight

    • Map
    • Local Demand
    City
    Cherryville
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.3793293
    Latitude
    35.3792291

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    FAQs

    What type of property is this?
    Storefront property - Two buildings in Cherryville's Central Business District for sale.
    Where is this storefront property located?
    The property is located at 105 and 107 E Main Street Cherryville, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Includes 2 buildings in the Cherryville Downtown Central Business District.; Sales price includes both buildings and inventory (florals, greenery, and supplies).; Larger building is a 2‑story with a basement.
    (704) 445-4888
    We can help!
    Listing Contact
    Vickie Spurling
    Vickie Spurling
    Real Estate License ID: 164716
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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.

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