Warehouse with Dock-High
For Sale
Contact for pricing
501 W Main Ave, Gastonia, NC 28052
Warehouse offering 4 dock-high doors, 1 drive-in door, and 18-foot clear height in downtown Gastonia’s FUSE District.
Property Size21,480 SF
Price / SF$175
Days on Market74
Property Features for 501 W Main Ave
General Information
Standard status
Active
Size
21,480 SF
Property subtype
INDUSTRIAL
Zoning
CBD
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
4
Drive-In Doors
1
Listing Agency:
Piedmont Properties
(404) 989-8432
Listed By:
Christian Samartino, SIOR · License #293351
(404) 989-8432
Source:
Moodyscre
Added: Jun 4
Changed: Aug 14
Last Checked: Aug 14 at 8:14AM
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
Investment Insights
Based on property information with market context.
This warehouse property provides functional loading access with four dock-high doors and one drive-in door, supported by 18-foot clear height. The offering includes approximately 21,480 square feet, along with a 2,000 square foot city counter.
The property is located at 501 W Main Ave in Gastonia and is within the City of Gastonia’s CBD zoning area. It is also situated in the FUSE District, a mixed-use development project in downtown Gastonia.
The property is located at 501 W Main Ave in Gastonia and is within the City of Gastonia’s CBD zoning area. It is also situated in the FUSE District, a mixed-use development project in downtown Gastonia.
Key Highlights
- Warehouse space offered: 10,000 to 21,480 SF
- 12,000 SF city counter available
- Includes 4 dock‑high doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$156,106
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,122,120
$3.1M
Cap Rate 7%
$2,230,086
$2.2M
Cap Rate 9%
$1,734,511
$1.7M
Market Conditions
NOI Build-Up for 21,480 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$193.3K $9.00/SF
− Vacancy
−$9.7K −$0.45/SF
EGI
$183.7K $8.55/SF
− OpEx
−$27.5K −$1.28/SF
NOI
$156.1K $7.27/SF
Area
Gaston County, NC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,122,120
Cap Rate 7%
$2,230,086
Cap Rate 9%
$1,734,511
Alternative Uses
Best Use
Warehouse
$2.23M
$1.95M – $2.60M
NOI $156,106 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.76M
$5.92M – $7.89M
NOI $473,247 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
4
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Furniture Storage Bins — 507 W Franklin Blvd, Gastonia, NC 28052
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse offering 4 dock-high doors, 1 drive-in door, and 18-foot clear height in downtown Gastonia’s FUSE District.
Where is this warehouse located?
The property is located at 501 W Main Ave Gastonia, NC.
What is the asking price?
The asking price for this property is $3,759,000.
What are key features of this property?
This property features: Warehouse space offered: 10,000 to 21,480 SF; 12,000 SF city counter available; Includes 4 dock‑high doors
