Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Lincolnton Office Suites Title is generated by Realmo AI

    121 E Water Street, Lincolnton, NC 28092

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $500 /Mo

    First floor office suites for rent in downtown Lincolnton.

    Type:Rental
    Added:
    Aug 3, 2024
    Days on Market:
    658
    Last Refresh:
    May 20 at 1:59 am

    Property Features for 121 E Water Street

    General Information

    Standard status
    Active
    Property subtype
    Rental

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    John (III) Gilleland
    John (III) Gilleland

    Listing agent John (III) Gilleland License #291434

    Listing office Gilleland Realty Inc

    Listing date Aug 3, 2024

    Source Exitrealty

    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 Gilleland Realty Inc

    HighLights

    • Desirable downtown Lincolnton location on E. Water St.
    • Utilities included in rent (excluding internet/cable).
    • Freshly painted offices with new flooring.
    • Convenient access to banks, restaurants, and post office.
    • First floor office suites.
    • Main entrance on E. Water St.

    Overview

    First floor office suites are available for rent in a desirable location in downtown Lincolnton. The main entrance is on E. Water St., conveniently located near banks, restaurants, and the post office. The offices have been freshly painted and feature new flooring. The listed rental price is for one office suite. Utilities, excluding internet and cable, are included in the rent.
    Location Intelligence

    Current Use by Public Records

    Roto-Rooter Plumbing & Water ... Plumbing Service J Terry Gates ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnton
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.2575936
    Latitude
    35.4701204

    Nearby Similar for Lease

    • $875/Mo
      990 SF

      Lincolnton Commercial Space For Rent

      Office/commercial/retail space available in Lincolnton, North Carolina.
      117 Vandiver Drive, Lincolnton, NC 28092
      View Details
    • $1,500/Mo

      Updated Office Space Near Downtown

      Updated office space with convenient access to downtown Lincolnton.
      207 S Academy Street, Lincolnton, NC 28092
      View Details
    • $500/Mo

      Treatment Room in Lincolnton, NC

      Private treatment room for wellness practitioner in Lincolnton, NC.
      1814 N Aspen Street, Lincolnton, NC 28092
      View Details
    • $15,119/Mo
      61,500 SF

      Industrial Building in Lincolnton, NC

      Well-maintained industrial building suitable for manufacturing, distribution, or storage.
      113 Industrial Park Road, Lincolnton, NC 28092
      View Details
    • $350/Mo

      Professional Office Suites For Lease

      Flexible, move-in ready office suites with utilities and Wi-Fi included.
      3514 NC 150 Highway, Lincolnton, NC 28092
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space with high visibility and strong co-tenancy.
      415 North Generals Boulevard, Lincolnton, NC 28092
      View Details
    • Contact for pricing

      Lincolnton Industrial Property For Rent

      Industrial and distribution space available for lease in Lincolnton.
      3099 Finger Mill Rd, Lincolnton, NC 28092
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Food Lion Center

      Retail space available in Food Lion anchored shopping center.
      200 Stanford Road, Lincolnton, NC, 28092
      View Details
    • Contact for pricing
      115,924 SF

      Lincolnton Warehouse with Expansion Potential

      115,924 SF warehouse with expansion potential in Lincolnton, NC.
      3211 Progress Dr, Lincolnton, NC
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Lincolnton Center

      Retail space available in Food Lion anchored shopping center.
      200-220 Stanford Rd, Lincolnton, NC
      View Details
    • Contact for pricing
      3,744 SF

      Retail Space in Lincolnton, NC

      Retail space available in Food Lion anchored shopping center.
      102-106 Stanford Rd, Lincolnton, NC
      View Details
    • $8 SF/Yr
      174,720 SF

      Lincolnton Warehouse Space Available

      174,720 square foot warehouse space for lease.
      3075 Finger Mill Rd, Lincolnton, NC
      View Details

    FAQs

    What type of property is this?
    Office units - First floor office suites for rent in downtown Lincolnton.
    Where is this office units located?
    The property is located at 121 E Water Street Lincolnton, NC.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Desirable downtown Lincolnton location on E. Water St.; Utilities included in rent (excluding internet/cable).; **Freshly painted offices with new flooring.**
    (704) 530-3096
    We can help!
    Listing Contact
    John (III) Gilleland
    John (III) Gilleland
    Real Estate License ID: 291434
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    121 E Water Street, Lincolnton, NC 28092
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!