Medical Office Space with Rear
New
For Sale
$385,000
810 W King St Unit 3, Kings Mountain, NC 28086
Adaptable professional space with a finished upper level, plumbing connections, and convenient access from two roads.
Property Size2,100 SF
Price / SF$183.33
Days on Market3
Property Features for 810 W King St Unit 3
General Information
Standard status
Active
Size
2,100 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1964
Buildings
1
Stories
2
Listing Agency:
Jolly Realty Group LLC
Listed By:
Linda Newsome · License #188618
(704) 692-4657
Source:
Lewisandkirk
Added: Sep 6
Last Checked: Sep 7 at 1:03PM
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 Jolly Realty Group LLC
Investment Insights
Based on property information with market context.
This medical office property includes 1,750 sq. ft. on the main level and 350 sq. ft. of finished space upstairs. The primary floor includes multiple rooms, reception space, and work areas arranged for prior medical office operations. The upper level has plumbing connections and can support office, staff, or storage functions. Built in 1964, the building offers a flexible configuration for professional or service-oriented use.
The property fronts West King Street and includes a paved entrance leading to a private rear parking lot. A second access point from Country Club Road provides an additional route to the site. The address is 810 W King St Unit 3 in Kings Mountain, with downtown Kings Mountain and major thoroughfares described as nearby.
The property fronts West King Street and includes a paved entrance leading to a private rear parking lot. A second access point from Country Club Road provides an additional route to the site. The address is 810 W King St Unit 3 in Kings Mountain, with downtown Kings Mountain and major thoroughfares described as nearby.
Key Highlights
- 1,750 sq. ft. main level plus 350 sq. ft. of finished upstairs space
- Former medical office layout with multiple rooms, reception, and workspace areas
- Finished upper level includes plumbing connections
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
$28,776
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
7.47%
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%
$575,520
$575.5K
Cap Rate 7%
$411,086
$411.1K
Cap Rate 9%
$319,733
$319.7K
Market Conditions
NOI Build-Up for 2,100 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
$46.6K $22.20/SF
− Vacancy
−$8.3K −$3.93/SF
EGI
$38.4K $18.27/SF
− OpEx
−$9.6K −$4.57/SF
NOI
$28.8K $13.70/SF
Area
Cleveland County, NC
Vacancy
17.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$575,520
Cap Rate 7%
$411,086
Cap Rate 9%
$319,733
Alternative Uses
Best Use
Office B
$411.1K
$359.7K – $479.6K
NOI $28,776 @ 7.0% cap · market cap 7.47%
Second Best
Healthcare Medical
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$533.3K
$466.6K – $622.2K
NOI $37,331 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28086, NC
27,641
Population
11,307
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
83%
High-School Grad
90.5 sq mi
ZIP Area
305
Density / Sq Mi
$56,079
Median Household Income
$37,758
Median Earnings
$879
Median Rent
$181,600
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?
Medical Office Space - Adaptable professional space with a finished upper level, plumbing connections, and convenient access from two roads.
Where is this medical office space located?
The property is located at 810 W King St Unit 3 Kings Mountain, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,750 sq. ft. main level plus 350 sq. ft. of finished upstairs space; Former medical office layout with multiple rooms, reception, and workspace areas; Finished upper level includes plumbing connections
