Flex Space with 2 Bay
For Sale
$1,100,000
2150 E Franklin Boulevard, Gastonia, NC 28054
Commercial building with a wash pit, multiple bathrooms, and service-oriented interior features.
Property Size5,464 SF
Price / SF$201.32
Days on Market47
Property Features for 2150 E Franklin Boulevard
General Information
Standard status
Active
Size
5,464 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3 bathrooms
2 bay doors
wash pit
Building Details
Year Built
1945
Buildings
1
Building Size
5,464 SF
Listing Agency:
Century 21 Town & Country Rlty
Listed By:
Jennifer Coleman · License #322722
(980) 241-5084
Source:
Thejaywhiteteam
Added: Aug 21
Changed: Sep 12
Last Checked: Oct 5 at 9:09PM
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 Century 21 Town & Country Rlty
Investment Insights
Based on property information with market context.
This 5,464-square-foot flex property, built in 1945, offers a functional commercial layout with three bathrooms, two bay doors, and an existing wash pit. One bathroom is currently operational. The combination of interior space and service-related improvements may support automotive, equipment, warehouse, or other commercial applications, subject to zoning and required approvals.
The property is located at 2150 E Franklin Boulevard in Gastonia, with access to I85 and proximity to shopping, dining, services, and other established businesses. Its location along E Franklin Boulevard places the building within an established commercial area.
The property is located at 2150 E Franklin Boulevard in Gastonia, with access to I85 and proximity to shopping, dining, services, and other established businesses. Its location along E Franklin Boulevard places the building within an established commercial area.
Key Highlights
- 5,464 SF flex property built in 1945
- Two bay doors and an existing wash pit
- Three bathrooms; one is currently operational
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,079
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,580
$1.3M
Cap Rate 7%
$958,271
$958.3K
Cap Rate 9%
$745,322
$745.3K
Market Conditions
NOI Build-Up for 5,464 SF
Gross rent
$103.6K $18.96/SF
− Vacancy
−$7.8K −$1.42/SF
EGI
$95.8K $17.54/SF
− OpEx
−$28.7K −$5.26/SF
NOI
$67.1K $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 Rate 5%
$1,341,580
Cap Rate 7%
$958,271
Cap Rate 9%
$745,322
Alternative Uses
Best Use
Retail
$958.3K
$838.5K – $1.12M
NOI $67,079 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$514.3K
$450.0K – $600.0K
NOI $36,000 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,383 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with a wash pit, multiple bathrooms, and service-oriented interior features.
Where is this flex space located?
The property is located at 2150 E Franklin Boulevard Gastonia, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,464 SF flex property built in 1945; Two bay doors and an existing wash pit; Three bathrooms; one is currently operational
