Centrally Located Flex
For Sale
$650,000
907 Bethlehem Road, Kings Mountain, NC 28086
5,358 sq ft flex building with living/office and shop/storage.
Property Size5,358 SF
Lot Size0.80 Acres
Price / SF$121.31
Days on Market167
Property Features for 907 Bethlehem Road
General Information
Standard status
Active
Size
5,358 SF
Lot size
0.80 Acres
Property subtype
Commercial
Listing Agency:
Point 135 Real Estate
Listed By:
Chip McGill · License #324218
(704) 718-6934
Source:
Point135
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 8 at 6:09AM
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 Point 135 Real Estate
Investment Insights
Based on property information with market context.
This is a unique opportunity to purchase a centrally located 5,358 sq ft flex building. The building includes 1,668 sq ft of living or office space and 3,690 sq ft of shop or storage space. The shop area features three roll-up doors, each 12' wide by 10' high. Additionally, there is a +/- 950 sq ft partial basement with a 9'x7' door. The finished living space has been recently renovated and includes a large living area, a full kitchen, two bedrooms, and two full bathrooms. The property, formerly the Bethlehem Volunteer Fire Department, is approximately 3 miles from access to NC Hwy 74, I-85, and Two Kings Casino. Situated in the Kings Mountain ETJ, the parcel includes 0.8 deeded acres of land. The structure currently uses a well for water, but county water is available at Bethlehem Road. It utilizes a septic system for sewer. The current zoning is SR (Suburban Residential).
Key Highlights
- Large 5,358 sq ft flex building with living/office space (1,668 sq ft) and shop/storage space (3,690 sq ft).
- Shop area features three 12'x10' roll‑up doors, ideal for various business or hobby uses.
- Recently renovated living space** includes a large living area, full kitchen, two bedrooms, and two full bathrooms.
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
$54,250
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
8.35%
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%
$1,085,000
$1.1M
Cap Rate 7%
$775,000
$775.0K
Cap Rate 9%
$602,778
$602.8K
Market Conditions
NOI Build-Up for 5,358 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
$96.4K $18.00/SF
− Vacancy
−$9.6K −$1.80/SF
EGI
$86.8K $16.20/SF
− OpEx
−$32.5K −$6.07/SF
NOI
$54.2K $10.13/SF
Area
Cleveland County, NC
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,085,000
Cap Rate 7%
$775,000
Cap Rate 9%
$602,778
Alternative Uses
Best Use
Office B
$1.05M
$917.8K – $1.22M
NOI $73,420 @ 7.0% cap · market cap 11.30%
Second Best
Retail
$917.2K
$802.5K – $1.07M
NOI $64,203 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,248 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 5,358 sq ft flex building with living/office and shop/storage.
Where is this flex space located?
The property is located at 907 Bethlehem Road Kings Mountain, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Large 5,358 sq ft flex building with **living/office space (1,668 sq ft) and shop/storage space (3,690 sq ft).**; Shop area features **three 12'x10' roll‑up doors**, ideal for various business or hobby uses.; Recently renovated living space** includes a large living area, full kitchen, two bedrooms, and two full bathrooms.
