Sign Up Successful!
You now have access to more from Realmo!
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

    2003 Franklin Blvd Gastonia, NC 28052

    • Grocery and convenience stores
    • 4,080 SF
    • 0.68 lot acres
    For Sale
    View listing
    $450,000
    Last Sale
    Apr 04, 2025
    $421,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0988350
    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

    • MoneyGram / Money Transfer Service
    • Smokes N Vapes / Tobacco Shop
    • El Sabor Catracho / Restaurant

    Property Details for 2003 Franklin Blvd

    Year built
    1973
    Lot size
    0.68 lot acres
    Property size
    4,080 SF
    Zone code
    MRKT1
    Property type
    Grocery and convenience stores
    APN
    106908
    APU
    106908

    Description

    This exceptional Gastonia commercial property at 2003 Franklin Boulevard offers 2,095 square feet of main-level retail space, previously used as a convenience store. Its prime corner location on a busy road ensures high visibility and consistent traffic flow, ideal for a variety of retail businesses. The property boasts a significant advantage with an additional 2,095 square feet of usable basement space, accessible via a bay door. This extra space is perfect for storage, a workshop, or even an auto service bay, significantly expanding the property's versatility. The 0.68-acre lot provides ample space for parking and potential future expansion. While the building requires some renovations, the potential for return on investment is substantial, making it an attractive opportunity for entrepreneurs. The property's location in a thriving area guarantees a strong customer base. The asking price is $450,000, and owner financing options are available, making this a highly accessible investment opportunity. This versatile property presents a unique chance to establish a successful business in a high-traffic location.

    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
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.2176
    Latitude
    35.2592
    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
    $3,434
    $190,740
    $130,500
    $321,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $135,000
      1,500 SF

      1024 Franklin Blvd

      CONVENIENCE STORE • 1,500 SF
      1024 Franklin Blvd, Gastonia, NC 28052-3761
      View Details
    • Value Estimation
      $210,000
      3,400 SF

      1105 Bessemer City Rd

      CONVENIENCE STORE • 3,400 SF
      1105 Bessemer City Rd, Gastonia, NC 28052-1101
      View Details
    • Value Estimation by Request
      2,806 SF

      1721 Bessemer City Rd

      CONVENIENCE STORE • 2,806 SF
      1721 Bessemer City Rd, Gastonia, NC 28052-1199
      View Details
    • Value Estimation
      $155,000
      216 SF

      1629 Chester St

      CONVENIENCE STORE • 216 SF
      1629 Chester St, Gastonia, NC 28052-1845
      View Details
    • Value Estimation
      $130,000
      3,055 SF

      2209 Franklin Blvd

      CONVENIENCE STORE • 3,055 SF
      2209 Franklin Blvd, Gastonia, NC 28052-1340
      View Details
    • Value Estimation
      $190,000
      2,880 SF

      2353 Bessemer City Rd

      CONVENIENCE STORE • 2,880 SF
      2353 Bessemer City Rd, Gastonia, NC 28052-1186
      View Details

    Similar Nearby for Sale

    • $4,304,016
      37,176 SF

      Gastonia Retail Center Investment

      High-Yield Grocery-Anchored Center
      105 Garrison Blvd, Gastonia, NC 28052
      View Details
    • $1,854,000
      2,357 SF

      Gastonia Pizza Hut - Net Lease

      High-Yield Pizza Hut Investment, NC
      832 Chester St, Gastonia, NC 28052
      View Details
    • $3,300,000
      0.51 Acres

      Retail Opportunity in Downtown Gastonia

      Prime retail space in Gastonia's thriving Central Business District.
      413 W Main Ave, Gastonia, NC 28052
      View Details
    • $274,900
      0.18 Acres

      Gastonia Retail/Office Investment Opportunity

      Prime investment in Gastonia's thriving Central Business District.
      414 W Main Ave, Gastonia, NC 28052
      View Details
    • $2,000,000
      11,200 SF

      Former Walgreens Retail Opportunity

      Freestanding building with drive-thru in high-traffic location.
      110 W Garrison Blvd, Gastonia, NC 28052
      View Details
    • $1,750,000
      2.25 Acres

      Gastonia Commercial Land - I-85 Access

      2.25 Acres, High-Traffic Location, C-3 Zoning
      2105 Chester St, Gastonia, NC 28052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,506 SF

      Gastonia Retail/Office Space Available

      Versatile spaces suitable for retail, office, fitness, or medical use.
      230-284 E Garrison Blvd, Gastonia, NC 28052
      View Details
    • $4,000 /Mo
      8,276 SF

      Gastonia Commercial Property Near FUSE

      High-visibility commercial property near Gastonia's FUSE district, adaptable for various uses.
      1001 W Franklin Blvd, Gastonia, NC 28052
      View Details
    • $2,100 /Mo
      1,675 SF

      Retail Space on E Franklin

      Retail space available for rent with high traffic visibility.
      806 E Franklin Blvd, Gastonia, NC 28052
      View Details
    • Contact for pricing
      37,040 SF

      Historic Kress Building in Gastonia

      Four-story, 37,042 SF building for lease in downtown Gastonia.
      110-111 W Main Ave, Gastonia, NC 28052
      View Details
    • $4,000 /Mo
      9,583 SF

      Retail Space in Historic Gastonia

      Prime retail location in downtown Gastonia, North Carolina.
      141 W Main Ave, Gastonia, NC 28052
      View Details
    • New
      $3,000 /Mo
      14,810 SF

      Gastonia Commercial Space For Lease

      Office or retail space available in Gastonia, North Carolina.
      418 South St, 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.
    2003 Franklin Blvd
    Gastonia, NC 28052
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.