Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    916 S New Hope Rd Gastonia, NC 28054

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/office space available in high-traffic Gastonia retail corridor.

    Type:Retail, Office, Land
    Property size:
    299 SF
    Added:
    Oct 10, 2022
    Days on Market:
    1287
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 916 S New Hope Rd

    General Information

    Standard status
    Active
    Size
    299 SF
    Property subtype
    Retail, Office, Land

    Spaces For Lease

    at 916 S New Hope Rd Contact us

    Available Space $500 /Mo

    Size
    299 SF
    Type
    Retail, Office, Land
    Lease Rate $500/Month
    Contact us

    We can help!

    Listing Contact
    George Karres

    Listing agent George Karres License #NC 197255

    Listing office The Nichols Company

    Listing date Oct 10, 2022

    Source Crexi

    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 The Nichols Company

    Overview

    Retail/Office Space in Gastonia

    This property offers an excellent leasing opportunity in a prominent retail corridor along S. New Hope Rd. in Gastonia. The available space, approximately 299 square feet, is located within a two-story building. The location benefits from high traffic counts and visibility, making it suitable for a variety of retail or office uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sewmotion (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.145954
    Latitude
    35.2523788

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Space in Gastonia, NC

      Commercial space with offices, reception, restrooms, and utility room.
      825 Majestic Court, Gastonia, NC 28054
      View Details
    • Contact for pricing

      Gastonia Restaurant Space For Rent

      Restaurant space available in high-traffic Gastonia location near I-85.
      2109 W franklin Boulevard, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Downtown Gastonia Cigar Bar/Lounge

      Cigar bar and lounge in historic downtown Gastonia.
      190 W main Avenue, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Gastonia Commercial Space For Lease

      Traditional office or retail space available in Gastonia, North Carolina.
      418 South Street, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Gastonia Office & Retail Space

      Office and retail spaces available in high-traffic Gastonia location.
      4503 Wilkinson Boulevard, Gastonia, NC 28056
      View Details
    • Contact for pricing

      Commercial Property Near FUSE District

      Freestanding commercial property near Gastonia's FUSE district, adaptable for various uses.
      1001 W Franklin Boulevard, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Retail Space in Historic Gastonia

      Prime retail location in downtown Gastonia, North Carolina.
      141 W Main Avenue, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Downtown Gastonia Retail Opportunity

      Retail property in the heart of historic downtown Gastonia.
      213 W main Avenue, Gastonia, NC 28052
      View Details
    • $20/mo

      Retail Strip Center in Gastonia

      Vibrant retail center with high visibility and ample parking.
      1600 S York Road, Gastonia, NC 28052
      View Details
    • $9/mo

      Gastonia Warehouse and Office Space

      24,500 SF warehouse and office space for lease.
      1109 E Ozark Ave, Gastonia, NC
      View Details
    • $25/mo

      Modern Class-A Office Building

      New Gastonia Class-A office building with co-working spaces available.
      250 S New Hope Rd, Gastonia, NC 28054-4805
      View Details
    • Contact for pricing

      Retail Space in Gastonia Hub

      Retail space in a high-traffic Gastonia retail area.
      3350 East Franklin Boulevard, Gastonia, NC, 28056
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/office space available in high-traffic Gastonia retail corridor.
    Where is this retail space located?
    The property is located at 916 S New Hope Rd Gastonia, NC.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Located in a major retail corridor on S. New Hope Rd.; High traffic counts.; Highly visible location.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George Karres
    Real Estate License ID: NC 197255
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!