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

    1002 Jenkins Rd Gastonia, NC 28052-1177

    • Industrial properties
    • 408,172 SF
    • 12.84 lot acres
    OFF-MARKET
    Value Estimations
    $4,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0857836
    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

    • American & Efird LLC / Industrial Manufacturer / Production Facility
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 1002 Jenkins Rd

    Year built
    1919
    Lot size
    12.84 lot acres
    Property size
    408,172 SF
    Zone code
    INDS1
    Property type
    Industrial properties
    APN
    102131
    APU
    102131

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,840,000
      Market price range: $4.84M - $22.3M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.22
    Latitude
    35.2704
    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
    $48,817
    $456,800
    $4,109,820
    $4,566,620
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      42,000 SF

      1848 Chespark Dr

      Distribution properties • 42,000 SF
      1848 Chespark Dr, Gastonia, NC 28052
      View Details
    • Value Estimation by Request
      18.41 Acres

      Industrial Pike Rd

      Land • 18.41 Acres
      0 Industrial Pike Rd, Gastonia, NC 28052
      View Details
    • Value Estimation by Request

      1228 Isley Dr

      Distribution properties
      1228 Isley Dr, Gastonia, NC 28052
      View Details
    • Value Estimation by Request
      900 SF

      2050 Poplar St

      INDUSTRIAL (GENERAL) • 900 SF
      2050 Poplar St, Gastonia, NC 28052
      View Details
    • Value Estimation by Request
      2,400 SF

      4431 Linwood Rd

      INDUSTRIAL (GENERAL) • 2,400 SF
      4431 Linwood Rd, Gastonia, NC 28052-5055
      View Details
    • Value Estimation by Request
      3,000 SF

      2528 Chester St

      INDUSTRIAL (GENERAL) • 3,000 SF
      2528 Chester St, Gastonia, NC 28052-1808
      View Details

    Similar Nearby for Sale

    • $1,000,000
      9,232 SF

      Gastonia Industrial/Commercial Opportunity

      Versatile space suitable for investment or owner occupancy.
      823 E Franklin Blvd, Gastonia, NC 28052
      View Details
    • $1,200,000
      3.53 Acres

      Gastonia I-2 Zoned Land

      3.5+/- acres in rapidly developing West Gastonia corridor.
      2760 W Franklin Blvd, Gastonia, NC 28052
      View Details
    • New
      $750,000
      4,656 SF

      Gastonia Commercial Development Package

      Five lots with two buildings in a growing Gastonia area.
      1114 W Franklin Blvd W, Gastonia, NC 28052
      View Details
    • Contact for pricing
      1,932 SF

      New Gastonia Warehouse with Office

      New construction warehouse with two-story office space in Gastonia.
      1704 Overman Ave, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Gastonia Commercial Building For Sale

      8,000 sq ft commercial building in Gastonia, North Carolina.
      702 Linwood Rd, Gastonia, NC 28052
      View Details
    • $799,900
      19.00 Acres

      Gastonia Commercial Land Available

      19 acres of commercial land in high-traffic Gastonia area.
      York Hwy, Gastonia, NC 28052
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Gastonia Industrial Property for Sale

      Industrial property available for sale in Gastonia, North Carolina.
      1865 Wren Tpke, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Gastonia Warehouse Space Available

      166,370 SF available for lease at Northwest Gateway Logistics Park.
      1215 Jenkins Rd, Gastonia, NC 28052
      View Details
    • Contact for pricing
      878,104 SF

      Gastonia Industrial Space For Lease

      Industrial space available for lease with I-85 visibility.
      1500 Delta Dr, Gastonia, NC 28052
      View Details
    • Contact for pricing

      Gastonia Commercial Space for Lease

      Commercial space available in Gastonia, North Carolina.
      1821 Wren Tpke, Gastonia, NC 28052
      View Details
    • Contact for pricing
      51,155 SF

      Gastonia Warehouse Space Available

      217,525 SF warehouse space for lease in Gastonia, NC.
      3035 Northwest Blvd, Gastonia, NC 28052
      View Details
    • Contact for pricing
      19,000 SF

      Gastonia Warehouse with Highway Visibility

      14,000 SF warehouse with convenient access to I-85.
      3725 West Franklin Blvd, Gastonia, NC 28052
      View Details
    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.
    1002 Jenkins Rd
    Gastonia, NC 28052-1177
    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!