Leased Automotive Service
335-335A W Franklin Blvd, Gastonia, NC 28052
For Sale
New
$2,775,000
Fee-simple ownership covers both the land and the building.
Property Size14,496 SF
Price / SF$191.43
Days on Market2
Property Features for 335-335A W Franklin Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Tenancy & Operations
Tenant in Place
Current Tenants
Real Estate Included
Additional Details
Road Access
Automotive Uses
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Michael Berk · License #385824
(770) 402-3432
Source:
Srsre
Added: Nov 8
Last Checked: Nov 8 at 3:46PM
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 SRS Real Estate Partners - Global Company
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 14,496-square-foot automotive service property was built in 1991 and is fully leased. The building is occupied by a business providing vehicle maintenance, tire replacement, and repair services.
The property is located at 335-335A W Franklin Blvd in Gastonia, North Carolina. The fee-simple interest includes the land and building.
The property is located at 335-335A W Franklin Blvd in Gastonia, North Carolina. The fee-simple interest includes the land and building.
Key Highlights
- 14,496‑square‑foot building, constructed in 1991
- Fully leased to an automotive service business
- Occupant provides maintenance, tire replacement, and repair services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,384
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,547,680
$3.5M
Cap Rate 7%
$2,534,057
$2.5M
Cap Rate 9%
$1,970,933
$2.0M
Market Conditions
NOI Build-Up for 14,496 SF
Gross rent
$274.8K $18.96/SF
− Vacancy
−$21.4K −$1.48/SF
EGI
$253.4K $17.48/SF
− OpEx
−$76.0K −$5.24/SF
NOI
$177.4K $12.24/SF
Area
Gaston County, NC
Vacancy
7.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,547,680
Cap Rate 7%
$2,534,057
Cap Rate 9%
$1,970,933
Alternative Uses
Best Use
Retail
$2.53M
$2.22M – $2.96M
NOI $177,384 @ 7.0% cap · market cap 6.39%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $95,811 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$5.11M
$4.47M – $5.96M
NOI $357,701 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
28k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Hotels & Casinos 12%
Wells Fargo
Shops & Services
8,496 visits/mo
0.2 miles
Truist
Shops & Services
6,542 visits/mo
0.1 miles
PLS Financial Services
Shops & Services
5,055 visits/mo
0.4 miles
The Esquire Hotel Downtown Gastonia, Ascend Hotel Collection
Hotels & Casinos
3,451 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
1,711 visits/mo
0.4 miles
Demographics for 28052, NC
35,332
Population
15,561
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
83%
High-School Grad
41.4 sq mi
ZIP Area
853
Density / Sq Mi
$46,015
Median Household Income
$34,339
Median Earnings
$1,058
Median Rent
$173,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Wrenches and Ratchets Auto Repairs — 927 S Marietta St, Gastonia, NC 28054
- Wellman Motor Sports Inc — 117 W 8th Ave, Gastonia, NC 28054
- AAMCO Transmissions & Total Car Care — 225 E Garrison Blvd, Gastonia, NC 28054
- Meineke Car Care Center — 330 E Garrison Blvd, Gastonia, NC 28054
- Garrison Car Care — 340 E Garrison Blvd, Gastonia, NC 28054
Frequently Asked Questions
What type of property is this?
Auto shop - Fee-simple ownership covers both the land and the building.
Where is this auto shop located?
The property is located at 335-335A W Franklin Blvd Gastonia, NC.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: 14,496‑square‑foot building, constructed in 1991; Fully leased to an automotive service business; Occupant provides maintenance, tire replacement, and repair services
