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    2870 Franklin Blvd Gastonia, NC 28056-7261
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    2870 Franklin Blvd Gastonia, NC 28056-7261

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    • Retail properties & Spaces
    • 109,780 SF
    • 11.29 lot acres
    Off-Market
    Property ID
    US53-1478937
    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
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck Rental Center at The Home Depot / Car Rental Facility
    • Primo Water Exchange / Big Box & Wholesale Store
    • Home Services at The Home Depot / HVAC Service / General Contractor
    • Garden Center at The Home Depot / Garden Center
    • The Home Depot / Building Supply / Hardware & Home Improvement

    Property Details for 2870 Franklin Blvd

    Year built
    1994
    Lot size
    11.29 lot acres
    Property size
    109,780 SF
    Zone code
    RET05
    Property type
    Retail properties & Spaces
    APN
    138044
    APU
    138044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,539,000
      Market price range: $529k - $2.24M

    • Alternative Use

      Use
      Estimation
      DEPARTMENT STORE (MULTI-STORY)
      $1,475,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1279
    Latitude
    35.2626
    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
    $106,927
    $4,426,480
    $5,576,080
    $10,002,560
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      3508 Robinson Cir

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    • Value Estimation by Request
      272,184 SF

      3660-3758 Franklin Blvd

      Retail properties & Spaces • 272,184 SF
      3660-3758 Franklin Blvd, Gastonia, NC 28056
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    • Value Estimation by Request
      2,100 SF

      210 Olney Church Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,100 SF
      210 Olney Church Rd, Gastonia, NC 28056-6830
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    • Value Estimation by Request
      976 SF

      201 Belt Dr

      Medical Office Space • 976 SF
      201 Belt Dr, Gastonia, NC 28056
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      58,710 SF

      3001-3045 Union Rd

      Lifestyle centers • 58,710 SF
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    • Value Estimation by Request
      1,008 SF

      3860 Beaty Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,008 SF
      3860 Beaty Rd, Gastonia, NC 28056-8332
      View Details

    Similar Nearby for Sale

    • $850,000
      6,026 SF

      Gaston County Commercial Investment Opportunity

      Fully leased commercial property with road frontage and ample parking.
      4521 Beaty Rd, Gastonia, NC 28056
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Sale

      Anchored shopping center at a prominent intersection in Gastonia, NC.
      3001 Union Rd, Gastonia, NC 28056
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    • New
      $775,000
      0.96 Acres

      Commercial Assemblage Opportunity in Gastonia

      Two parcels totaling 0.96 acres for redevelopment.
      2818 S New Hope Rd, Gastonia, NC 28056
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    • $49,900
      0.30 Acres

      Buildable Lot in Growing Area

      Level lot in Gastonia, great for homeowners and investors.
      2624 Goble St, Gastonia, NC 28056
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    • $59,000
      1.05 Acres

      Land in Gastonia, NC

      Residential land available near freeway, shopping, and entertainment.
      3313 Scott Dr, Gastonia, NC 28056
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    • $145,000
      4.69 Acres

      Gastonia Land For Sale

      Buildable lot with city utilities and power line removal.
      Goble St, Gastonia, NC 28056
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Gastonia Corridor

      Retail space in Gastonia's primary retail corridor for lease.
      2625 E Franklin Blvd, Gastonia, NC 28056
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space Available Q3 2025

      Retail space for lease in Gastonia, delivering Q3 2025.
      3825 S New Hope Rd, Gastonia, NC 28056
      View Details
    • Contact for pricing

      Gastonia Retail/Medical/Restaurant Opportunity

      New Hope Plaza: Ideal for retail, medical, and restaurant businesses.
      2848 S New Hope Rd, Gastonia, NC 28056
      View Details
    • Contact for pricing
      6,720 SF

      Retail Space in Gastonia Plaza

      Retail space for lease in a shopping center.
      3009-3025 Union Rd, Gastonia, NC 28056
      View Details
    • Contact for pricing

      Gastonia Retail Space For Lease

      Neighborhood shopping center anchored by Food Lion with retail space.
      3001-3045 Union Rd, Gastonia, NC 28056
      View Details
    • Contact for pricing

      Franklin Green Retail Space Available

      Retail space for lease at Franklin Green in Gastonia.
      2524 E Franklin Blvd, Gastonia, NC 28056
      View Details

    Property Visit Statistics

    • Visits by month
      53.5k
    • Visitors by month
      37.3k
    • Avg Time on site
      24 min
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    Gastonia, NC 28056-7261
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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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