Freestanding Office
604 S Chestnut Street Gastonia, NC 28054
604 S Chestnut Street, Gastonia, NC, 28054
$175,000
Pending
For Sale
$175,000
Pending
Freestanding office property with three office spaces, partial kitchen, and one bathroom, plus ample on-site parking.
Property Size858 SF
Days on Market136
Property Features for 604 S Chestnut Street
General Information
- Standard status
- Pending
- Size
- 858 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
GILLELAND REALTY INC
(704) 735-0099
Listed by
SUSAN POTEAT
Source
Corcoran
Added: Mar 9 Updated: Jul 21 at 5:18PM Checked: Jul 21 at 5:18PM
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 GILLELAND REALTY INC
Investment Insights
Based on property information with market context.
This freestanding commercial office property is configured with three separate office spaces, along with a partial kitchen and one bathroom. The layout is straightforward and suited for office use, offering multiple rooms within a single building.
The property includes plenty of parking and is located across from Lineberger park. Its standalone setup supports convenient access for clients and staff.
At this time, the information provided does not specify any additional amenities, building condition details, or interior finish specifics beyond the noted office configuration and basic kitchen and bathroom.
The property includes plenty of parking and is located across from Lineberger park. Its standalone setup supports convenient access for clients and staff.
At this time, the information provided does not specify any additional amenities, building condition details, or interior finish specifics beyond the noted office configuration and basic kitchen and bathroom.
Key Highlights
- Freestanding commercial/office building built in 1940
- 3 office spaces with a partial kitchen
- 1 bathroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $26.04 |
| − Vacancy | −$2.3k | −$2.66 |
| EGI | $20.1k | $23.38 |
| − OpEx | −$5.0k | −$5.85 |
| NOI | $15.0k | $17.54 |
858 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$215.0K
$188.1K – $250.8K
NOI $15,048 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.0K
$236.3K – $315.1K
NOI $18,903 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Morrison Insurance Services ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Freestanding office property with three office spaces, partial kitchen, and one bathroom, plus ample on-site parking.
Where is this office units located?
The property is located at 604 S Chestnut Street Gastonia, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Freestanding commercial/office building built in 1940; 3 office spaces with a partial kitchen; 1 bathroom
