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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3001-3045 Union Rd Gastonia, NC 28056

    • Lifestyle centers
    • 58,710 SF
    • 0.72 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 3001-3045 Union Rd

    Lot size
    0.72 lot acres
    Property size
    58,710 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Food Lion Plaza, located at 3001-3045 Union Rd, Gastonia, NC 28056, presents a compelling investment opportunity in a thriving retail environment. This single-story, 58,710 square foot neighborhood shopping center is anchored by a Food Lion grocery store and boasts a strong tenant mix including Jenny's Yoga, Gage Pool & Spa, and Happy Shack. The property offers multiple spaces available for lease, ranging from 1,050 to 6,720 contiguous square feet, providing flexibility for various retail or restaurant concepts. Currently, 16,470 square feet of space is vacant. Furthermore, a 0.72-acre outparcel is available for sale, presenting an additional development opportunity. The center features ample parking with 290 spaces and is conveniently situated at the intersection of Union Rd and Neal Hawkins Rd/Robin Wood Rd, benefiting from high visibility and accessibility. The property is zoned commercial and is located in Gaston County, North Carolina. This is an excellent opportunity to acquire a well-located retail property with strong existing tenancy and significant potential for growth. The property's strategic location and diverse tenant mix make it an attractive investment for both lease and sale opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1675
    Latitude
    35.2151

    Comparable in this City

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      3,513 SF

      1690 Neal Hawkins Rd

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      1,800 SF

      3508 Robinson Cir

      Retail properties • 1,800 SF
      3508 Robinson Cir, Gastonia, NC 28056
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      1,008 SF

      3860 Beaty Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,008 SF
      3860 Beaty Rd, Gastonia, NC 28056-8332
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      1.25 Acres

      213 Belt Dr

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      9,301 SF

      3182 Riverwood Pkwy

      DEPARTMENT STORE (MULTI-STORY) • 9,301 SF
      3182 Riverwood Pkwy, Gastonia, NC 28056
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    • Value Estimation by Request
      7,776 SF

      5524 Un Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,776 SF
      5524 Un Rd, Gastonia, NC 28056-8127
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Neighborhood Shopping Center For Sale

      Anchored shopping center at a prominent intersection in Gastonia, NC.
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    • $695,000

      Gaston Day School Road Land

      1.9 acres near Union Road, Gastonia, NC. Permitted for storage.
      Gaston Day School Rd, Gastonia, NC 28056
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    • $250,000

      Acreage for Estate or Development

      Land suitable for private estate or multiple home development.
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    • New
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      Commercial Land Assemblage Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      58,710 SF

      Gastonia Retail Center Investment Opportunity

      High-traffic shopping center with available space.
      3001-3045 Union Rd, Gastonia, NC 28056
      View Details
    • Contact for pricing
      24,880 SF

      2848 New Hope Rd

      Retail properties • 24,880 SF
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      272,184 SF

      Franklin Square III Retail Space

      Gastonia, NC shopping center for lease.
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      6,720 SF

      Retail Space in Gastonia Plaza

      Retail space for lease in a shopping center.
      3009-3025 Union Rd, Gastonia, NC 28056
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    • Contact for pricing
      6,000 SF

      Retail Space in Gastonia Plaza

      Retail space available within a shopping center anchored by Food Lion.
      3001-3027 Union Rd, Gastonia, NC 28056
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    • Contact for pricing
      4,500 SF

      Retail Space Available Q3 2025

      Retail space for lease in Gastonia, delivering Q3 2025.
      3825 S New Hope Rd, Gastonia, NC 28056
      View Details
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    Gastonia, NC 28056
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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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