Corner Storefront
For Sale
$150,000
1501 S Marietta Street, Gastonia, NC 28054
Commercial Sale, Gastonia, NC
Property Size1,000 SF
Lot Size0.21 Acres
Price / SF$150
Days on Market129
Property Features for 1501 S Marietta Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-U
Lot features
Corner Lot
Directions
Use GPS
Standard status
Active
APN
113346
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
U S RUBBER CO BLK C L P/9 01 085 132 02 000
Legal Description
U S RUBBER CO BLK C L P/9 01 085 132 02 000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
1956
Flooring type
Concrete
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP Realty LLC Ballantyne
(704) 248-8230
Listed By:
Sierra Garren · License #127928
(803) 627-3072
Added: May 27
Changed: Sep 30
Last Checked: Oct 2 at 9:06PM
MLS# 4380338
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.
Investment Insights
Based on property information with market context.
This vacant storefront property comprises a 1,000-square-foot commercial building on a 0.21-acre corner parcel at 1501 S Marietta Street in Gastonia. Constructed in 1956, the block building features concrete floors, a shingle roof, central air conditioning, and central natural-gas heat. Public sewer service is in place.
The property sits beside a convenience store and offers access from its corner position. Its existing commercial structure and open occupancy provide a straightforward setting for a new owner to evaluate for business use.
The property sits beside a convenience store and offers access from its corner position. Its existing commercial structure and open occupancy provide a straightforward setting for a new owner to evaluate for business use.
Key Highlights
- 1,000‑square‑foot storefront building on a 0.21‑acre parcel
- Corner‑lot position at 1501 S Marietta Street
- Adjacent to a convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,277
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,540
$245.5K
Cap Rate 7%
$175,386
$175.4K
Cap Rate 9%
$136,411
$136.4K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$19.0K $18.96/SF
− Vacancy
−$1.4K −$1.42/SF
EGI
$17.5K $17.54/SF
− OpEx
−$5.3K −$5.26/SF
NOI
$12.3K $12.28/SF
Area
Gaston County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,540
Cap Rate 7%
$175,386
Cap Rate 9%
$136,411
Alternative Uses
Best Use
Retail
$175.4K
$153.5K – $204.6K
NOI $12,277 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Hardee's
Dining
6,685 visits/mo
0.4 miles
Demographics for 28054, NC
40,548
Population
18,351
Households
2.2
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
2,101
Density / Sq Mi
$59,524
Median Household Income
$39,883
Median Earnings
$1,150
Median Rent
$220,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial space with concrete flooring, central HVAC, and public sewer service.
Where is this storefront property located?
The property is located at 1501 S Marietta Street Gastonia, NC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,000‑square‑foot storefront building on a 0.21‑acre parcel; Corner‑lot position at 1501 S Marietta Street; Adjacent to a convenience store
