1893 Remount Rd Gastonia, NC 28054-7413
Property profile & analytics
1893 Remount Rd Gastonia, NC 28054-7413
- Banks
- 82,059 SF
- 6.43 lot acres
Property ID
US53-0218075
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.
Location Intelligence
Current Use by Public Records
- WSOC / Radio Station / Telecommunications Service
- FedEx Drop Box / Postal Service / Courier Service
- Gaston Gazette / Publishing House / Newspaper & Magazine
Property Details for 1893 Remount Rd
- Year built
- 1990
- Lot size
- 6.43 lot acres
- Property size
- 82,059 SF
- Zone code
- OFF10
- Property type
- Banks
- APN
- 119445
- APU
- 119445
Description
This exceptional investment opportunity presents a fee-simple ownership of an 82,580-square-foot distribution facility in Gastonia, North Carolina. The property, built in 1990 and situated on a 6.43-acre lot, is currently 100% occupied under an absolute NNN lease with Gannett Co., Inc. (NYSE: GCI), a financially strong tenant with a corporate guarantee. The lease, commencing April 29, 2013, has a remaining term of 8.4 years, with two 10-year renewal options. Annual rent increases of 2.1% provide a hedge against inflation and consistent income growth. The current asking price is $6,865,430, representing a cap rate of 6.50% and a price per square foot of $83.14. The property boasts 110 parking spaces and is zoned C-3 General Business District. Its strategic location on Remount Road, adjacent to Interstate 85 (over 125,000 vehicles per day), offers excellent accessibility. The property's proximity to Caromont Regional Medical Center, Eastridge Mall, and other major retail centers further enhances its value. The strong demographics of the area, including a 13% population growth since 2010 within a 5-mile radius and its location within the Charlotte MSA, contribute to the property's long-term investment potential. The Net Operating Income (NOI) is $446,253. This is a rare opportunity to acquire a high-quality, net-leased industrial property with a strong tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,075,000
- ML approach
- $5,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,891,000
- AI Estimate
- $6,137,000
Market price range: $3.92M - $10.3MMarket price range: $3.84M - $11.9M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $6,550,000 Current use
- RESTAURANT
- $7,255,000 Change: +11% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,660,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gastonia
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.1432
- Latitude
- 35.2677
- 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
$58,416
$1,294,910
$4,169,610
$5,464,520
-
$0.00
$0.00
$0.00
