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    364 Us-70 Marion, NC 28752

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    For Lease
    Contact for pricing

    Marion, NC: 11,000 SF Available

    Lot size:
    81,516 SF

    Property Features for 364 Us-70

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,516 SF
    Total Rate
    67930

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 364 Us-70, Marion, NC 28752 Contact us
    Unit Available space

    $10 /Mo

    Size
    11,000 SF
    Contact us

    We can help!

    Listing Contact
    Keaton Edwards
    Keaton Edwards

    Listing Agency: G/M PROPERTY GROUP LLC Listing Agent: Keaton Edwards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    McDowell Square, a prime retail center located at 364 US-70 in Marion, North Carolina, presents a significant leasing opportunity. This single-story, 81,516 square foot building, constructed in 1991, sits on a spacious 10.5-acre lot in McDowell County. Currently, 11,000 square feet of retail space is available for lease, ideal for a variety of businesses seeking high visibility and ample parking. The property boasts a convenient location along US-70, ensuring excellent accessibility and exposure to a substantial customer base. The center's design as a neighborhood center caters to local shoppers and provides a strong foundation for a thriving retail operation. The property features ample parking to accommodate customers and employees. This is a rare opportunity to secure a substantial space within an established and well-maintained retail center in a growing community. The property's size and location make it an attractive option for businesses seeking expansion or a new location in McDowell County. The existing infrastructure and ample parking provide a seamless shopping experience for customers. This is a turnkey solution for businesses looking to establish a strong presence in the Marion market. Contact us today to learn more about this exceptional leasing opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    McDowell
    State
    North Carolina
    Longitude
    -82.0381595
    Latitude
    35.7057388

    Nearby Similar for Lease

    • $2,000 /Mo
      21,780 SF

      Marion Commercial Space For Lease

      Warehouse and office space available in Marion near I-40.
      2849 Highway 226 S, Marion, NC 28752
      View Details
    • $8 SF/Yr
      155,156 SF

      Marion City Square: Prime NC Office Space

      155,000 SF Center, Flexible Suites Available
      500 Main St, Marion, NC 28752
      View Details
    • $12 SF/Yr
      10,246 SF

      Marion City Square Flex Space

      Flexible Industrial Space in Marion, NC
      500 Main St, Marion, NC 28752
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Marion, NC: 11,000 SF Available
    Where is this neighborhood center located?
    The property is located at 364 Us-70 Marion, NC.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High-bay warehouse space with flexible layout options.; Excellent visibility and highway signage on Hwy 221 and Hwy 70.; 16-foot ceilings, minimal columns, and ample parking.
    (828) 281-4024 Call to check price and availability
    Request Owner's contact information
    364 Us-70 Marion, NC 28752
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    Marion, NC 28752
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    364 Us-70 Marion, NC 28752
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Keaton Edwards
    Keaton Edwards
    Real Estate License ID: 277099
    (828) 281-4024 (828) 289-8400
    Learn more
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