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Property profile & analytics
FOR LEASE
Investment properties
916 S New Hope Rd Gastonia, NC 28054
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1261062
For Lease
1 / 3
$6,000/Mo
916 S New Hope Rd, Gastonia, NC 28054
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Property summary
AI-generated overview
This exceptional commercial property, located at 916 S New Hope Rd in Gastonia, North Carolina, presents a fantastic leasing opportunity. The property consists of a single-tenant, two-story building totaling 299 square feet. Currently, the entire 299 square feet is vacant and ready for immediate occupancy. The building is situated in one of Gastonia's major retail corridors along South New Hope Road, boasting high traffic counts and excellent visibility. Its mixed-use commercial zoning (APN 117366) allows for a variety of business uses, making it an ideal location for a diverse range of enterprises. The property's address is 916 S New Hope Rd, Gastonia, NC 28054, and is situated in Gaston County. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving area. The property features one building with a total of 299 square feet. The convenient location and high visibility make this an attractive option for businesses seeking a strong presence in the Gastonia market. Don't miss this chance to establish your business in this prime retail location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Total area
3,294 SF
Lot
0.76 ac (33,106 SF)
Zoning code
OFF01
APN
117366
UPID
US53-1261062
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sewmotion (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$730k
Owner & transaction history
Vasillios D Bikas · 12 yrs held
Vasillios D Bikas
since 2013
1 recorded transaction
Zoning & alternative use
OFF01 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gastonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gastonia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$580,000
Current use
MEDICAL BUILDING
$525,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$222 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,873
Tax year 2024
Assessed value
$549,390
Assessed 2024
Previous assessed
$549,390
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$223,460
Assessed improvement
$325,930
Applied tax rate
180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1947
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
3
Total area
3,294 SF
Lot
0.76 ac (33,106 SF)
Zoning code
OFF01
APN
117366
UPID
US53-1261062
Jurisdiction
GASTON
Zoning & alternative use
OFF01 · Gastonia, NC
Zoning OFF01 · permitted uses
OFF01 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gastonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$580,000
MEDICAL BUILDING
Est. value
$525,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
3
Lot
0.76 ac
Current owner
From public records · entity-resolved
Vasillios D Bikas
Individual
Mailing address
221 SCOFIELD RD, CHARLOTTE, NC 28209-3627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2013
$35,000
Vasillios D Bikas
Lander L Barnhill
Warranty Deed
$262,500 · Wells Fargo Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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