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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    311 Archie Whitesides Rd Gastonia, NC 28052

    • Commercial real estate
    • 18.89 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1274598
    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

    • Landmark Baptist Church / Baptist Church

    Property Details for 311 Archie Whitesides Rd

    Lot size
    18.89 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional development opportunity encompasses two fully entitled sites in Gastonia, North Carolina, totaling 18.89 acres. Approved for 185 townhome lots, this by-right project offers developers unparalleled flexibility to construct either for-sale or for-rent units. Situated in the rapidly growing Charlotte MSA's second-fastest-growing submarket, this prime location benefits from significant population increases and a 33% rent growth over the past three years. The sites boast convenient access to major employers, retail, and commercial services, with proximity to I-85 and I-74 ensuring easy commutes. Downtown Gastonia, featuring amenities like Rankin Lake Park and the Schiele Museum, is just a short drive away. Furthermore, the Gastonia Technology Park, home to future employers such as Owens Corning, is also within easy reach. This project presents a streamlined development process due to its by-right zoning, making it an attractive investment in a thriving market. The location is also within a Qualified Opportunity Zone. The two sites are located at 311 Archie Whitesides Rd and 1732 Jenkins Rd, Gastonia, NC 28052.

    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
    -81.2530501
    Latitude
    35.2494837

    Comparable in this City

    • $3,000,000
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      Gastonia Commercial Opportunity: Four Parcels

      Four parcels near downtown Gastonia, suitable for apartments or car wash.
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      View Details
    • New
      $499,000
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      Gastonia Multifamily Investment Opportunity

      Multifamily property with single-family home and four bungalows.
      816 W Walnut Ave, Gastonia, NC 28052
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    • $292,500
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      Charming Gastonia Duplex with Updates

      Move-in ready duplex with updates near Fuse District and Loray Mill.
      1106 Summer Dr, Gastonia, NC 28052
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    • New
      $350,000
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      Gastonia Multifamily Investment Opportunity

      Two remodeled homes, one rented, offering immediate income potential.
      809/812 Marve St, Gastonia, NC 28052
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    • $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
    • $40,000

      Gastonia Commercial Lot Near Fuse

      Vacant 0.13-acre commercial lot near Gastonia's Fuse District.
      000 Bessemer City Rd, Gastonia, NC 28052
      View Details

    Similar Nearby for Sale

    • $3,000,000
      2.10 Acres

      Gastonia Commercial Opportunity: Four Parcels

      Four parcels near downtown Gastonia, suitable for apartments or car wash.
      312 W 2Nd Ave, Gastonia, NC 28052
      View Details
    • New
      $499,000
      0.21 Acres

      Gastonia Multifamily Investment Opportunity

      Multifamily property with single-family home and four bungalows.
      816 W Walnut Ave, Gastonia, NC 28052
      View Details
    • $292,500
      0.22 Acres

      Charming Gastonia Duplex with Updates

      Move-in ready duplex with updates near Fuse District and Loray Mill.
      1106 Summer Dr, Gastonia, NC 28052
      View Details
    • New
      $350,000
      0.33 Acres

      Gastonia Multifamily Investment Opportunity

      Two remodeled homes, one rented, offering immediate income potential.
      809/812 Marve St, 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
    • $40,000

      Gastonia Commercial Lot Near Fuse

      Vacant 0.13-acre commercial lot near Gastonia's Fuse District.
      000 Bessemer City Rd, Gastonia, NC 28052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      87,120 SF

      Gastonia Industrial Land Opportunity

      Build your ideal 23,000 SF facility.
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    • New
      $2,200 /Mo
      10,890 SF

      Commercial Property in Gastonia, NC

      Commercial zoned property suitable for various business uses.
      101 S Webb St, Gastonia, NC 28052
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    • Contact for pricing
      43,560 SF

      Gastonia, NC Acre Outparcel

      Prime Retail Land, High Visibility
      2543 Franklin Blvd, Gastonia, NC 28052
      View Details
    • New
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      26,136 SF

      Gastonia Commercial Land For Rent

      Commercial land available for rent in Gastonia, North Carolina.
      219 W Main Ave, Gastonia, NC 28052
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    • Contact for pricing
      166,370 SF

      Gastonia Industrial Warehouse Space

      Modern Logistics Park, 166,370 SF Available
      1215 Jenkins Rd, Gastonia, NC 28052
      View Details
    • Contact for pricing
      420,261 SF

      Gastonia Manufacturing Facility

      Prime I-85 Gaston County industrial space.
      1245 Shannon Bradley Rd, Gastonia, NC 28052
      View Details
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    Gastonia, NC 28052
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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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