Renovated Flex
For Sale
$1,000,000
Pending
702 Linwood Road, Gastonia, NC 28052
An open interior, updated building systems, and several access points support a range of commercial configurations.
Property Size8,000 SF
Days on Market10
Property Features for 702 Linwood Road
General Information
Standard status
Pending
Size
8,000 SF
Additional Details
Road Access
Yes
Amenities
Concrete
1
No
Building,Land
Corner Lot,Paved
City
0.65
Parking Lot,Parking Space(s)
Paved
Slab
City Street
Publicly Maintained Road
Building Details
Year Built
1950
Buildings
1
Stories
1
Building Size
8,000 SF
Listing Agency:
(980) 268-2585
Listed By:
Unithia McGruder
Source:
Hansleyrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:50PM
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 Unithia McGruder
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Investment Insights
Based on property information with market context.
This 8,000-square-foot flex property in Gastonia has an open layout beneath exposed steel trusses, with polished-finish concrete flooring and overhead lighting. Recent work includes a replacement roof, updated HVAC, and new plumbing. The building also has multiple entry points and a paved parking area on a corner lot along a city street.
Key Highlights
- 8,000‑square‑foot commercial building
- Recent roof replacement, HVAC updates, and new plumbing
- Open interior with exposed steel trusses and polished concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,140
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,800
$1.2M
Cap Rate 7%
$830,571
$830.6K
Cap Rate 9%
$646,000
$646.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$72.0K $9.00/SF
− Vacancy
−$3.6K −$0.45/SF
EGI
$68.4K $8.55/SF
− OpEx
−$10.3K −$1.28/SF
NOI
$58.1K $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 Rate 5%
$1,162,800
Cap Rate 7%
$830,571
Cap Rate 9%
$646,000
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.64M
NOI $98,213 @ 7.0% cap · market cap 9.82%
Second Best
Warehouse
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,256 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
314
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Rhodies Food Truck LLC — 12 Bennett Drive, Kings Mountain, NC 28052
Frequently Asked Questions
What type of property is this?
Flex space - An open interior, updated building systems, and several access points support a range of commercial configurations.
Where is this flex space located?
The property is located at 702 Linwood Road Gastonia, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8,000‑square‑foot commercial building; Recent roof replacement, HVAC updates, and new plumbing; Open interior with exposed steel trusses and polished concrete flooring
