Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gastonia Commercial Space for Lease Title is generated by Realmo AI

    1821 Wren Turnpike, Gastonia, NC 28052

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial space available in Gastonia, North Carolina.

    Type:Industrial
    Property size:
    12,000 SF
    Added:
    Sep 19, 2024
    Days on Market:
    624
    Last Refresh:
    May 12 at 9:16 pm

    Property Features for 1821 Wren Turnpike

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 1821 Wren Turnpike Contact us

    We can help!

    Listing Contact
    Christian Samartino, SIOR

    Listing agent Christian Samartino, SIOR License #SC 107609

    Listing office Piedmont Properties

    Listing date Sep 19, 2024

    Source Crexi

    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 Piedmont Properties

    HighLights

    • ±18,000 SF total space across Suites 1‑6
    • Zoned C‑3, General Commercial
    • Suites 1‑4 feature 3 dock high doors and 1 grade level concrete ramp
    • Suites 5‑6 include 1 dock high door and 1 metal removable ramp
    • ±4,500 SF total office space within Suites 1‑6
    • 24’ max clear height

    Overview

    Suites 1-4 offer approximately 12,000 square feet, including about 3,000 square feet of office space, and feature three dock-high doors and one grade-level concrete ramp. Suites 5-6 provide approximately 6,000 square feet, with about 1,500 square feet of office space, one dock-high door, and one metal removable ramp. The property has a maximum clear height of 24 feet and is equipped with wet hazard sprinklers. It is zoned C-3, General Commercial by the City of Gastonia.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carolina Skylights Hardware & Home Improvement Carolina Air Sealing Construction Company Sunlit Homes and Ventilations, ... Roofing Company Empire Today - Charlotte, ... General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1930051
    Latitude
    35.2835159

    Nearby Similar for Lease

    • $4,000/Mo
      7,600 SF

      Downtown Gastonia Retail Space

      Retail space in the heart of Gastonia's business district.
      177 W main Avenue, Gastonia, NC 28052
      View Details
    • $1,900/Mo

      Commercial Space in Gastonia, NC

      Commercial space with offices, reception, restrooms, and utility room.
      825 Majestic Court, Gastonia, NC 28054
      View Details
    • $2,750/Mo

      Gastonia Commercial Space For Lease

      Traditional office or retail space available in Gastonia, North Carolina.
      418 South Street, Gastonia, NC 28052
      View Details
    • $699/Mo

      Gastonia Office & Retail Space

      Office and retail spaces available in high-traffic Gastonia location.
      4503 Wilkinson Boulevard, Gastonia, NC 28056
      View Details
    • $2,900/Mo

      Downtown Gastonia Retail Opportunity

      Retail property in the heart of historic downtown Gastonia.
      213 W main Avenue, Gastonia, NC 28052
      View Details
    • $20 SF/Yr

      Retail Strip Center in Gastonia

      Vibrant retail center with high visibility and ample parking.
      1600 S York Road, Gastonia, NC 28052
      View Details
    • $25 SF/Yr
      20,000 SF

      Modern Class-A Office Building

      New Gastonia Class-A office building with co-working spaces available.
      250 S New Hope Rd, Gastonia, NC 28054-4805
      View Details
    • Contact for pricing
      3,354 SF

      Retail Space in Gastonia Hub

      Retail space in a high-traffic Gastonia retail area.
      3350 East Franklin Boulevard, Gastonia, NC, 28056
      View Details
    • Contact for pricing
      11,000 SF

      Gastonia Office Sublease Opportunity

      11,000 SF office space available for sublease.
      519 S New Hope Rd, Gastonia, NC, 28054
      View Details
    • Contact for pricing
      878,104 SF

      Gastonia Industrial Space For Lease

      Industrial space available for lease with I-85 visibility.
      1500 Delta Drive, Gastonia, NC, 28052
      View Details
    • $23 SF/Yr
      10,316 SF

      Gastonia Office Space For Rent

      Shell office space in professional park, Gastonia, North Carolina.
      2770 Aden Ave, Gastonia, NC 28054
      View Details
    • $20 SF/Yr
      3,885 SF

      Medical Office Space Available

      Efficient medical space with easy access to I-85.
      2544 Court Dr, Gastonia, NC
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial space available in Gastonia, North Carolina.
    Where is this warehouse located?
    The property is located at 1821 Wren Turnpike Gastonia, NC.
    What are key features of this property?
    This property features: ±18,000 SF total space across Suites 1‑6; Zoned C‑3, General Commercial; Suites 1‑4 feature 3 dock high doors and 1 grade level concrete ramp
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christian Samartino, SIOR
    Real Estate License ID: SC 107609
    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
    1821 Wren Turnpike, Gastonia, NC 28052
    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!