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Property profile & analytics

514 Union Rd Gastonia, NC 28054

  • Banks
  • 6,300 SF
  • 0.63 lot acres
Value Estimation
$560,000
Last Sale
Jun 13, 2024
$560,000
Location Intelligence
Property ID
US53-1984284
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Davenport Design & Print / Commercial Printer / Business To Business Service
  • Carolinas Realty / Real Estate Agency / Commercial Real Estate Agency
  • Jo-Ann Lavecchia, Carolinas Realty / Real Estate Agent
  • Theresa OKelley Real Estate / Real Estate Agent
  • Realty Sage / Real Estate Agency

Property Details for 514 Union Rd

Year built
1993
Lot size
0.63 lot acres
Property size
6,300 SF
Zone code
OFF01
Property type
Banks
APN
109229
APU
109229

Description

This exceptional 6,300 square foot office building, located at 514 S Union Rd in Gastonia, North Carolina, presents a fantastic opportunity for a single tenant. Situated in Gaston County, this two-story building offers a blend of private offices, each boasting ample natural light from large windows. The layout thoughtfully incorporates a mix of open workspaces, along with both small and large conference rooms, catering to diverse business needs. Conveniently located on both floors are restrooms and break rooms for employee comfort. Ample surface parking is available for staff and clients, ensuring easy accessibility. The property features a prominent 2-panel marquis sign for excellent visibility and brand recognition. The current owner is open to making improvements to the space to suit a tenant's specific requirements, making this a highly adaptable and attractive option. This fully vacant building is ready for immediate occupancy. The property's address is 514 S Union Rd, Gastonia, NC 28054. The building is classified as both Traditional Office and Medical Office space, making it suitable for a variety of professional uses.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $560,000
  • CAP approach

    CAP return
    Estimation
    6%
    $515,000
    6.5%
    $555,000
    7%
    $490,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $485,000
    Geo Method
    $590,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $625,000
    Retail
    $600,000
    Mixed-Use
    $605,000
    Hospitality
    $495,000
    Educational
    $555,000
    Residential Income
    $495,000
    Energy
    $575,000
    Income-Based Land
    $640,000
    Food Service
    $630,000

Location Insight

  • Map
  • Local Demand
City
Gastonia
County
Gaston
State
North Carolina
Longitude
-81.1778
Latitude
35.2568
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,148
$164,660
$410,410
$575,070
-
$0.00
$0.00
$0.00
More about this property
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