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    108 Rush Ave Mount Holly, NC 28120

    • Warehouses
    • 63,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 108 Rush Ave

    Property size
    63,000 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional Mount Holly, North Carolina property at 108 Rush Ave offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The 63,000 square foot building features a total of five suites, providing multiple tenancy options. Available space ranges from a minimum of 1,000 square feet to a maximum contiguous space of 28,000 square feet, with a significant 38,070 square feet currently vacant. The property's flexible layout caters to diverse needs, making it suitable for companies requiring both office and storage facilities. Located in Gaston County, this strategically positioned property offers easy access to key transportation routes and amenities. The building's design allows for customization to meet specific business requirements, ensuring a seamless transition for new tenants. Whether your business needs a small, efficient office space or a large-scale warehouse and office combination, this property provides the adaptability to accommodate your growth. The property is classified as both office and industrial, offering a versatile solution for businesses seeking a combined workspace. Contact us today to explore the various leasing options and find the perfect space for your company's success in this prime Mount Holly location. The zip code is 28120.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Holly
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.0224
    Latitude
    35.3084

    Comparable in this City

    • Value Estimation by Request
      63,000 SF

      108 Rush Ave

      Distribution properties • 63,000 SF
      108 Rush Ave, Mount Holly, NC 28120
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    • Value Estimation
      $240,000
      20,120 SF

      101 Brickyard Rd

      DISTRIBUTION WAREHOUSE • 20,120 SF
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      $530,000
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      Fairview Dr

      DISTRIBUTION WAREHOUSE • 312,465 SF
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    • Value Estimation
      $170,000
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      Jenkins Rd

      DISTRIBUTION WAREHOUSE • 17.37 Acres
      Jenkins Rd, Mount Holly, NC 28120
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    • Value Estimation
      $225,000
      4,674 SF

      624 Legion Rd

      WAREHOUSE, STORAGE • 4,674 SF
      624 Legion Rd, Mount Holly, NC 28120-1424
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    • Value Estimation
      $225,000
      3,600 SF

      806 Central Ave

      WAREHOUSE, STORAGE • 3,600 SF
      806 Central Ave, Mount Holly, NC 28120-3400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14.48 Acres

      Mount Holly Industrial Land - 14 Acres

      Prime Gaston County industrial land for sale.
      801 Central Ave, Mount Holly, NC 28120
      View Details
    • $65,000
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      Residential Land in Mount Holly

      1.55 acre residential land suitable for crawlspace or basement.
      Heather Ln, Mount Holly, NC 28120
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    • New
      $30,000
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      Corner Lot in Mount Holly

      Residential land for sale in Mount Holly, North Carolina.
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    • Contact for pricing

      Vacant Land off Lane Rd

      Vacant land in quiet neighborhood, buyer to verify building requirements.
      00 Greentree Dr, Mount Holly, NC 28120
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    • $300,000
      7.50 Acres

      Wooded Land in Mount Holly

      7.5-acre wooded lot in a quiet neighborhood near Charlotte.
      5156 Stockbridge Dr, Mount Holly, NC 28120
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    • $299,999
      1.20 Acres

      Corner Lots in Mount Holly

      Two combined lots totaling 1.2 acres near I-85.
      Hickory Grove Rd, Mount Holly, NC 28120
      View Details

    Similar Nearby for Lease

    • $120 SF/Yr
      3,500 SF

      Mount Holly Warehouse Space Available

      Two Industrial Units, Flexible Lease Terms
      130 Charlotte Ave, Mount Holly, NC 28120
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    • $16 SF/Yr
      21,164 SF

      Mount Holly Office Space Available

      Two-story office space with open floor plan near highways.
      1310 Charles Raper Jonas Hwy, Mt Holly, NC 28120
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    • New
      $375 /Mo

      Office Space in Mount Holly

      Office space for rent in Mount Holly, North Carolina.
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    • $850 /Mo

      Downtown Mount Holly Office Space

      Large open office space in downtown Mount Holly available now.
      122 E Central Ave, Mount Holly, NC 28120
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    • New
      $450 /Mo

      Mount Holly Office Space Available

      Office space for rent in Mount Holly, approximately 130sqft.
      111 E Charlotte Ave, Mount Holly, NC 28120
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    • New
      $700 /Mo

      Office Space in Mount Holly

      Office space for rent in Mount Holly, approximately 130 sqft.
      111 E Charlotte Ave, Mount Holly, NC 28120
      View Details
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    108 Rush Ave
    Mount Holly, NC 28120
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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
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