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520 E Trade St, Dallas, NC 28034
11,200 SF commercial building with open layout in Dallas, NC.
Property Size11,200 SF
Price / SF$312.50
Days on Market146
Property Features for 520 E Trade St
General Information
Standard status
Active
Size
11,200 SF
Total Parking Spaces
62
Property subtype
Retail
Zoning
B3-P Central Business
Building Details
Year Built
1999
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Urban Carolina, Realtors
Listed By:
Patricia Sehorn · License #NC 37205 SC 82397
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 11 at 5:34PM
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 Urban Carolina, Realtors
Investment Insights
Based on property information with market context.
This 11,200 square foot masonry commercial building offers versatility and structural quality. Expanded trusses create a completely open interior layout without support columns. This clear-span design allows for a wide range of uses including warehouse, distribution, retail, or conversion to specialized commercial space. A partial second story provides storage and equipment space. The drop ceiling height is 12 feet 10 inches. A roll-up door is available for loading and unloading. The property includes a paved parking lot, signage, and outside lighting. Located on a signaled corner with easy access from Trade Street and Dallas-Stanly Highway, this property is suitable for businesses seeking a large adaptable commercial facility with strong structural design and open functionality.
Key Highlights
- 11,200 Sq Ft Commercial Building on a Busy Corner
- Clear‑Span Design with No Support Columns
- Versatile Space Suitable for Warehouse, Retail, or Conversion
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
$137,498
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
3.93%
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%
$2,749,960
$2.7M
Cap Rate 7%
$1,964,257
$2.0M
Cap Rate 9%
$1,527,756
$1.5M
Market Conditions
NOI Build-Up for 11,200 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
$212.4K $18.96/SF
− Vacancy
−$15.9K −$1.42/SF
EGI
$196.4K $17.54/SF
− OpEx
−$58.9K −$5.26/SF
NOI
$137.5K $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 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%
$2,749,960
Cap Rate 7%
$1,964,257
Cap Rate 9%
$1,527,756
Alternative Uses
Best Use
Retail
$1.96M
$1.72M – $2.29M
NOI $137,498 @ 7.0% cap · market cap 3.93%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,396 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$3.53M
$3.08M – $4.11M
NOI $246,758 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 28034, NC
19,258
Population
8,085
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
86%
High-School Grad
45.6 sq mi
ZIP Area
422
Density / Sq Mi
$59,969
Median Household Income
$42,804
Median Earnings
$841
Median Rent
$221,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 11,200 SF commercial building with open layout in Dallas, NC.
Where is this retail space located?
The property is located at 520 E Trade St Dallas, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 11,200 Sq Ft Commercial Building on a Busy Corner; Clear‑Span Design with No Support Columns; Versatile Space Suitable for Warehouse, Retail, or Conversion
