Windowed Office
New
For Sale
Contact for pricing
1554-C Union Road #1, Gastonia, NC 28054
Fresh paint and a shared main-level restroom serve this compact workspace.
Property Size1,998 SF
Price / SF$2.20
Days on Market7
Property Features for 1554-C Union Road #1
General Information
Standard status
Active
Size
1,998 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Additional parcels description:, Parcel Number: 138632, Assessed Value: $152,640
Vinyl
Listing ID: CAR4435068, Standard Status: Active, MLS Status: Active, Property Subtype: Office
Parking Lot
Built in 1998
County/Parish: Gaston
Internet
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,998 SF
Year Built
1998
Listing Agency:
Carolina Property Management LLC
(704) 550-4854
Listed By:
Nancy Braun · License #183393
(704) 625-2361
Source:
Blackstreaminternational
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 10:48PM
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 Carolina Property Management LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at Union Commons measures approximately 11'7" x 15'1" and has a window and new paint. Access is through a common entrance and shared hallway; a shared restroom is on the main level. The rental arrangement includes power, water, taxes, insurance, and HVAC maintenance.
The property is on Union Road in Gastonia, with access to shopping, restaurants, banks, grocery stores, and other everyday services. Connections to Downtown Gastonia, Franklin Boulevard, New Hope Road, and I-85 are noted.
The property is on Union Road in Gastonia, with access to shopping, restaurants, banks, grocery stores, and other everyday services. Connections to Downtown Gastonia, Franklin Boulevard, New Hope Road, and I-85 are noted.
Key Highlights
- Window office measuring approximately 11'7" x 15'1"
- New paint
- Power, water, taxes, insurance, and HVAC maintenance included in the rental arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,064
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,280
$61.3K
Cap Rate 7%
$43,771
$43.8K
Cap Rate 9%
$34,044
$34.0K
Market Conditions
NOI Build-Up for 175 SF
Gross rent
$4.5K $26.04/SF
− Vacancy
−$464 −$2.66/SF
EGI
$4.1K $23.38/SF
− OpEx
−$1.0K −$5.85/SF
NOI
$3.1K $17.54/SF
Area
Gaston County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,280
Cap Rate 7%
$43,771
Cap Rate 9%
$34,044
Alternative Uses
Best Use
Office B
$43.8K
$38.3K – $51.1K
NOI $3,064 @ 7.0% cap · market cap 795.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$55.0K
$48.1K – $64.2K
NOI $3,849 @ 7.0% cap · market cap 999.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Fresh paint and a shared main-level restroom serve this compact workspace.
Where is this office unit located?
The property is located at 1554-C Union Road #1 Gastonia, NC.
What are key features of this property?
This property features: Window office measuring approximately 11'7" x 15'1"; New paint; Power, water, taxes, insurance, and HVAC maintenance included in the rental arrangement
