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    Property profile & analytics

    1013 York Rd Kings Mountain, NC 28086

    • Grocery and convenience stores
    • 1,440 SF
    • 2.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2933076
    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

    • Grocery and convenience stores

    Property Details for 1013 York Rd

    Year built
    1966
    Lot size
    2.33 lot acres
    Property size
    1,440 SF
    Property type
    Grocery and convenience stores

    Description

    This exceptional 2.33-acre property in Kings Mountain, NC, presents a unique investment opportunity. Currently zoned R-10, its prime location offers significant potential for commercial rezoning, especially considering its adjacency to two neighboring parcels zoned NB (Neighborhood Business), totaling an additional 0.86 acres and listed separately. The combined assemblage would create a highly desirable corner lot with over 500 feet of frontage on York Road and over 490 feet on Lake Montonia Road. The property includes a 1,440 square foot brick building, currently used as a rental dwelling, which can be removed for a $150,000 price reduction. A 1,500 square foot double-car garage/shop building will remain. The site boasts double road frontages, providing excellent visibility and accessibility. Its proximity to Interstate 85 (less than 2,800 feet from Exit 8) and the new Two Kings Casino (3 miles away) further enhances its commercial viability. This property offers substantial upside potential for developers and investors seeking a strategic location with high traffic counts and significant expansion possibilities. The existing building provides immediate income potential or can be removed to make way for new construction. The property's size and location make it ideal for a variety of commercial uses. The year built is 1966.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kings Mountain
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.334824561257
    Latitude
    35.217836860134

    Comparable in this City

    • $699,000
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      York Road Retail Investment

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      1003 York Rd, Kings Mountain, NC 28086
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    • $1,695,000
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      Kings Mountain Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential potential in Kings Mountain.
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    • $499,000

      Restaurant Site Near Catawba Casino

      Former restaurant building with equipment on 0.83 acre lot.
      1058 York Rd, Kings Mountain, NC 28086
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    • $1,500,000
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      Kings Mountain Warehouse Investment

      7,964 SF Warehouse, 4.79 Acres
      4239 Kings Mtn Hwy, Kings Mountain, NC 28086
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    • $2,999,000
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      Kings Mountain Commercial Land Opportunity

      Commercial land near I-85, suitable for various business ventures.
      212 Battleground Rd, Kings Mountain, NC 28086
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    • $3,000,000
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      Kings Mountain Industrial Property

      150,000 SF Manufacturing Space, Vacant
      700 Railroad Ave, Kings Mountain, NC 28086
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    Similar Nearby for Sale

    • $699,000
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      York Road Retail Investment

      High-traffic NC convenience store & gas station.
      1003 York Rd, Kings Mountain, NC 28086
      View Details
    • $1,500,000
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      Kings Mountain Warehouse Investment

      7,964 SF Warehouse, 4.79 Acres
      4239 Kings Mtn Hwy, Kings Mountain, NC 28086
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    • $2,999,000
      Pending

      Kings Mountain Commercial Land Opportunity

      Commercial land near I-85, suitable for various business ventures.
      212 Battleground 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.
      605 N Piedmont Ave, Kings Mountain, NC 28086
      View Details
    • $650,000
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      Kings Mountain Retail & Storage

      Unique 1,668 SF flex building, great location.
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    • $3,000,000
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      Kings Mountain Industrial Property

      150,000 SF Manufacturing Space, Vacant
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Outparcels Near Two Kings Casino

      Retail pads near future casino with high traffic and visibility.
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    • $14 SF/Yr
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      Retail Property with Drive-Thru

      Retail property with drive-thru, suitable for various business concepts.
      704 York Rd, Kings Mountain, NC 28086
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    • $7 SF/Yr
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      Hawthorne Road Industrial Warehouse

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      212 Hawthorne Rd, Kings Mountain, NC 28086
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    • $300,000
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      Versatile Building in Kings Mountain

      Multi-purpose building in Kings Mountain offering endless possibilities.
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      282,640 SF

      Kings Mountain Industrial Distribution Center

      Large industrial space, ideal for manufacturing & distribution.
      540 Canterbury Rd, Kings Mountain, NC 28086
      View Details
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    1013 York Rd
    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.

    More about this property
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