2625 New Hope Rd Gastonia, NC 28056-2200
Property profile & analytics
2625 New Hope Rd Gastonia, NC 28056-2200
- Retail space
- 4,961 SF
- 0.97 lot acres
Property ID
US53-1163736
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
- Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply
Property Details for 2625 New Hope Rd
- Year built
- 2008
- Lot size
- 0.97 lot acres
- Property size
- 4,961 SF
- Property type
- Retail space
- APN
- 201354
- APU
- 201354
Description
Exceptional investment opportunity featuring a 5,000-square-foot Sherwin-Williams Paint Store in Gastonia, North Carolina. This Class A, free-standing retail building, constructed in 2008, sits on a 0.81-acre lot and boasts a strong 100% occupancy rate. The property is situated as an outparcel to the Food Lion-anchored Redbud Shopping Center, benefiting from high visibility at the intersection of Redbud Drive and S. New Hope Road. The current lease, with a tenant possessing a strong credit rating, extends until August 31, 2028, and includes three five-year renewal options, extending the lease to 2043. Rent is currently $102,345 annually, generating a substantial Net Operating Income (NOI) of $98,000 and a 6.20% capitalization rate. The lease incorporates 10% rent increases per option period, ensuring consistent income growth. The tenant covers all increases in property taxes and insurance above established cost stops, minimizing landlord expenses. The property is zoned GC and offers a compelling combination of strong tenant, long-term lease, and attractive financial metrics. This is a rare opportunity to acquire a high-quality, net-leased retail property in a desirable location within the Charlotte MSA. The asking price is $1,575,000, representing a price per square foot of $315.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,540,000
- ML approach
- $1,540,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $935,000
- 7%
- $870,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gastonia
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.1216
- Latitude
- 35.2403
- 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
$10,329
$507,040
$459,160
$966,200
-
$0.00
$0.00
$0.00
