Fallston Road Retail
4541 Fallston Road Lawndale, NC 28090
4541 Fallston Road, Lawndale, NC, 28090
$445,000
For Sale
$445,000
2338 sq ft building on 1.04 acre lot.
Property Size2,338 SF
Price / SF$190.33
Days on Market297
Property Features for 4541 Fallston Road
General Information
- Standard status
- Active
- Size
- 2,338 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 2005
Listing Agency
RE/MAX
(704) 477-7391
Listed by
Tracy Whisnant
(704) 477-7391
Source
Remaxcommercial
Added: Sep 25, 2025 Checked: Jul 17 at 2:18 am
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 RE/MAX
Investment Insights
Based on property information with market context.
This brick and concrete building, situated just outside the city limits of Fallston, North Carolina, presents a business opportunity in a high-visibility, high-traffic area. The approximately 2,338 square foot structure is located on an approximately 1.04 acre lot with an asphalt drive and ample parking. The building was formerly used as a bank and is currently used as a drive-through convenience store. Interior features include a lobby, a drive-through window, a bank vault, four offices, an equipment/mechanical room, a kitchen/break room, and a half bath that is handicap accessible. The building is equipped with heat pump units located on the roof.
Key Highlights
- High visibility/high traffic location just outside city limits.
- Drive‑through convenience store setup with existing drive‑through window.
- Brick & concrete building (approx 2,338 sq ft) on a 1.04 acre lot.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $18.00 |
| − Vacancy | −$2.7k | −$1.15 |
| EGI | $39.4k | $16.85 |
| − OpEx | −$9.8k | −$4.21 |
| NOI | $29.5k | $12.64 |
2,338 SF · lease $18.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$422.0K
$369.3K – $492.4K
NOI $29,543 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$400.2K
$350.2K – $466.9K
NOI $28,015 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - 2338 sq ft building on 1.04 acre lot.
Where is this bank located?
The property is located at 4541 Fallston Road Lawndale, NC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: High visibility/high traffic location just outside city limits.; Drive‑through convenience store setup with existing drive‑through window.; Brick & concrete building (approx 2,338 sq ft) on a 1.04 acre lot.
