Marshville Commercial Property For
For Sale
$2,860,000
6920 E Marshville Boulevard, Marshville, NC 28103
23,890 SF commercial property with highway visibility in Marshville, NC.
Property Size23,890 SF
Lot Size3.12 Acres
Price / SF$119.72
Days on Market163
Property Features for 6920 E Marshville Boulevard
General Information
Standard status
Active
Size
23,890 SF
Lot size
3.12 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
MOSER GROUP, INC., THE
(704) 882-1700
Listed By:
MACKENZIE MOSER · License #285594
Source:
Corcoran
Added: Mar 10
Changed: Aug 18
Last Checked: Aug 18 at 5:49AM
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 MOSER GROUP, INC., THE
Investment Insights
Based on property information with market context.
The property at 6920 E Marshville Boulevard, Marshville, NC, is a commercial opportunity on 3.12 acres. The +/- 23,890 square foot building has highway visibility and is located near retail and restaurants. It features road frontage on Highway 74, which has average daily traffic counts ranging from 18,000 to 30,000 vehicles per day. The building includes 45% office space, consisting of individual offices, a conference room, a break room, restrooms, storage, and open office space on the first level. The second level offers a training room and individual offices. The office space is currently being renovated. The warehouse space contains open storage space and has a 20' clear height. There is one drive-in door and one dock-high door. Ample parking is available in the fenced back lot. The property can be purchased or leased.
Key Highlights
- 3.12 acre property with +/- 23,890 SF building
- Exceptional highway visibility on highly traveled Hwy 74
- Average daily traffic counts ranging from 18,000‑30,000 vehicles per day
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
$173,621
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
6.07%
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%
$3,472,420
$3.5M
Cap Rate 7%
$2,480,300
$2.5M
Cap Rate 9%
$1,929,122
$1.9M
Market Conditions
NOI Build-Up for 23,890 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
$215.0K $9.00/SF
− Vacancy
−$10.8K −$0.45/SF
EGI
$204.3K $8.55/SF
− OpEx
−$30.6K −$1.28/SF
NOI
$173.6K $7.27/SF
Area
Union 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%
$3,472,420
Cap Rate 7%
$2,480,300
Cap Rate 9%
$1,929,122
Alternative Uses
Best Use
Office B
$5.33M
$4.66M – $6.21M
NOI $372,791 @ 7.0% cap · market cap 13.03%
Second Best
Mixed Use
$4.90M
$4.29M – $5.71M
NOI $342,869 @ 7.0% cap · market cap 11.99%
Theoretical Best
Office A
$7.38M
$6.46M – $8.61M
NOI $516,540 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 28103, NC
10,164
Population
4,516
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
85%
High-School Grad
153.2 sq mi
ZIP Area
66
Density / Sq Mi
$75,000
Median Household Income
$45,545
Median Earnings
$1,006
Median Rent
$230,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 23,890 SF commercial property with highway visibility in Marshville, NC.
Where is this mixed-use property located?
The property is located at 6920 E Marshville Boulevard Marshville, NC.
What is the asking price?
The asking price for this property is $2,860,000.
What are key features of this property?
This property features: 3.12 acre property with +/- 23,890 SF building; Exceptional highway visibility on highly traveled Hwy 74; Average daily traffic counts ranging from 18,000‑30,000 vehicles per day
