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    Retail Spaces in Marketplace Center Title is generated by Realmo AI

    2725 Northwest Blvd, Newton, NC 28658

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    Retail spaces for lease in Newton, NC.

    Type:Retail, Office
    Lot size:
    15.80 Acres
    Added:
    Apr 13, 2022
    Days on Market:
    1514
    Last Refresh:
    May 12 at 9:32 pm

    Property Features for 2725 Northwest Blvd

    General Information

    Standard status
    Active
    Lot size
    15.80 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 2725 Northwest Blvd Contact us

    We can help!

    Listing Contact
    Tad Anderson

    Listing agent Tad Anderson License #NC 303926

    Listing office Ardor Commercial Advisors

    Listing date Apr 13, 2022

    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 Ardor Commercial Advisors

    HighLights

    • High Traffic Location: Approximately 27,000 vehicles pass by daily, resulting in over 1,000,000 annual visits.
    • Strong Tenant Mix: Anchored by Planet Fitness, Big Lots, and Bealls.
    • Strategic Location: Located in Newton, NC, within the Hickory Metropolitan Area, offering access to major transportation routes and proximity to Charlotte‑Douglas International Airport.
    • Diverse Industrial Base in Newton: The city supports various industries.
    • Established Center: Marketplace Center was constructed in 1988.
    • Surrounded by Businesses and Amenities: Close proximity to Sonic Drive‑In, Bojangles', Walgreens, and more.

    Overview

    Several retail spaces are available for lease in the Marketplace Center, constructed in 1988 and situated on approximately 15.80 acres in Newton, NC. The property is currently occupied by a mix of national and local tenants, including Planet Fitness, Big Lots, Bealls, Rent-A-Center, and Papa Johns. Newton is located in Catawba County, within the Hickory Metropolitan Area, and features a diverse industrial base encompassing fiber optic cable, automotive parts, baked goods, medical supplies, and telecommunications technology, alongside traditional industries like furniture and textiles. The location benefits from major transportation routes, including Interstate 40, US Highway 321, US Highway 70, NC Highway 70, North Carolina Highway 10 and 16, the Hickory Regional Airport (12 miles away), and the Charlotte-Douglas International Airport (38 miles away). Newton's location in Catawba County provides accessibility to Charlotte and Hickory, while maintaining the advantages of a smaller town. The Marketplace Center benefits from approximately 27,000 vehicles passing by each day, resulting in over 1,000,000 annual visits. Surrounding businesses include Sonic Drive-In, Bojangles', Walgreens, Hardee's, and Advance Auto Parts, as well as North Newton Elementary School and Conover City Park. Additional points of interest near Marketplace Center include Walmart Neighborhood Market, Southern Furniture Company, WestRock Conover, NC Works Career Center, Lee Industries, and the Hickory American Legion Fairgrounds.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Plaza Mexicana — 701-799 N Main Ave, Newton, NC 28658
    • Plaza Latina — 1901 Northwest Blvd, Newton, NC 28658
    • Coinstar Kiosk | Bitcoin ATM — 1818 Northwest Blvd, Newton, NC 28658

    Map

    City
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2599
    Latitude
    35.6271

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in Newton, NC.
    Where is this shopping center located?
    The property is located at 2725 Northwest Blvd Newton, NC.
    What are key features of this property?
    This property features: High Traffic Location: Approximately 27,000 vehicles pass by daily, resulting in over 1,000,000 annual visits.; Strong Tenant Mix: Anchored by Planet Fitness, Big Lots, and Bealls.; Strategic Location: Located in Newton, NC, within the Hickory Metropolitan Area, offering access to major transportation routes and proximity to Charlotte‑Douglas International Airport.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tad Anderson
    Real Estate License ID: NC 303926
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    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.

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