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    1003 York Rd Kings Mountain, NC 28086
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    1003 York Rd, Kings Mountain, NC 28086

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    • Grocery and convenience stores
    • 2,220 SF
    • 0.90 lot acres
    For Sale
    $699,000
    View Listing →
    Commercial Land Near Kings Mountain For Sale
    $699,000
    0.86 Acres

    Commercial Land Near Kings Mountain

    Corner lot near I-85 and future restaurant/distillery.

    1003 York Road, Kings Mountain, NC 28086
    View Listing
    Property ID
    US53-2733758
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pickers & Peddlers / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Royal Way Carp Juice LLC. / (Bike/Boat/Book/etc) Store

    Property Details for 1003 York Rd

    Year built
    1959
    Lot size
    0.90 lot acres
    Zone code
    NB
    Property type
    Grocery and convenience stores
    APN
    12749
    APU
    12749

    Description

    This exceptional commercial property, located at 1003 York Rd, Kings Mountain, NC 28086, presents a lucrative investment opportunity. Situated on a 0.86-acre lot at the corner of York Rd and Lake Montonia Rd, this multi-tenant retail property boasts 2,220 to 3,358 square feet of space and is currently 100% occupied. The property includes two parcels, one housing a two-bedroom, one-bathroom residence currently rented month-to-month for $1000, and a vacant parcel (Parcel ID 12479). The building features multiple entrances, allowing for potential expansion or division into two units. This high-traffic location benefits from proximity to I-85 (exit 8), the Two Kings Casino, and the Kings Mountain National Military Park. A new, approximately 10,000 square foot restaurant/distillery is expected to open nearby in summer 2024, further enhancing the area's appeal and foot traffic. The property is zoned COMM-NB and is ideally suited for food service, gas station/convenience store, or other retail uses. The asking price is $699,000. An adjacent 2.33-acre parcel is also available for purchase separately. Combining both properties creates a substantial 3.19-acre corner lot with extensive road frontage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kings Mountain
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.3343
    Latitude
    35.2183
    CBSA code
    43140
    CBSA name
    SHELBY, NC MICROPOLITAN 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
    $1,698
    $34,020
    $111,445
    $145,465
    -
    $34,020
    $111,445
    $145,465

    Comparable in this City

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      3,375 SF

      908 Battleground Ave

      CONVENIENCE STORE
      908 Battleground Ave, Kings Mountain, NC 28086-3854
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    • Value Estimation
      $9,040,000
      83,948 SF

      2111 Shelby Rd

      GROCERY, SUPERMARKET
      2111 Shelby Rd, Kings Mountain, NC 28086-8971
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      2,400 SF

      1233 Battleground Ave

      CONVENIENCE STORE
      1233 Battleground Ave, Kings Mountain, NC 28086-3913
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      1,820 SF

      305 Cleveland Ave

      CONVENIENCE STORE
      305 Cleveland Ave, Kings Mountain, NC 28086
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      2,240 SF

      College Ave

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      College Ave, Kings Mountain, NC 28086
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    Similar Nearby for Sale

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      Restaurant Site Near Catawba Casino

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      Versatile Commercial Building in Kings Mountain

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      Commercial Land Near Kings Mountain

      Corner lot near I-85 and future restaurant/distillery.
      1003 York Rd, Kings Mountain, NC 28086
      View Details
    • $1,695,000
      1.53 Acres

      Kings Mountain Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential potential in Kings Mountain.
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      Centrally Located Flex Building

      5,358 sq ft flex building with living/office and shop/storage.
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      384 SF

      Retail or Office Space Available

      384 SqFt retail or office space for sale.
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    Similar Nearby for Lease

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      1,900 SF

      Retail Space in Kings Mountain

      Retail property available for lease in Kings Mountain, NC.
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      Retail Outparcels Near Two Kings Casino

      Retail pads near future casino with high traffic and visibility.
      Dixon School Rd, Kings Mountain, NC 28086
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      Manufacturing & Distribution Industrial Building

      Industrial building for lease with convenient highway access.
      540 Canterbury Rd, Kings Mountain, NC 28086
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      21,001 SF

      Office Space Near I-85

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      110 Commerce Blvd, Kings Mountain, NC 28086
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      150,384 SF

      Kings Mountain Warehouse Space Available

      150,384 SF warehouse space for sublease in Kings Mountain.
      330 Woodlake Pkwy, Kings Mountain, NC 28086
      View Details
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    Kings Mountain, NC 28086
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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.

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