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Office/Warehouse on Hwy 18N

1740 Fallston Road Shelby, NC 28150

1740 Fallston Road, Shelby, NC, 28150
$975,000
For Sale
Claim this Listing
$975,000

SINGLE_FAMILY - Shelby, NC

Property Size8,673 SF
Lot Size0.97 Acres
Price / SF$112.42
AddedJan 14
Days on Market183
Last RefreshJul 16 at 8:06 am

Property Features for 1740 Fallston Road

General Information

Property type
Residential
Property subtype
Office
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Fencing
Chain Link
Standard status
Active
APN
24636
Size
8,673 SF
Lot size
0.97 Acres

Taxes and HOA fees

Tax Description
see deed

Utilities

Sewer type
Public Sewer

Building Details

Year built
2003
Floors in Building
1

Listing agent Diane Ledbetter License #181896

Listing office Diane Ledbetter Real Estate 2015 E Marion St, Shelby, NC

Listing date Jan 14, 2026

MLS# 4338626

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This property, located on Hwy 18N, features both office and warehouse space. It also has a back entrance from North Post Road. A covered area includes a 14 ft roll-up door, and the roof on the front part of the building has been replaced. The property also features a loading dock. There is a full bathroom and a half bathroom. The office space measures 3604 square feet (heated), while the warehouse space measures 5069 square feet (unheated). The property is located in Shelby, NC, in Cleveland County, with a postal code of 28150, and sits on a lot of 0.97 acres.

Key Highlights

  • Office/warehouse combination suitable for diverse business needs.
  • Convenient location on Hwy 18N with additional access from North Post Road.
  • Warehouse space of 5069 sq ft (unheated).

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $130.1k $15.00
− Vacancy −$9.1k −$1.05
EGI $121.0k $13.95
− OpEx −$42.3k −$4.88
NOI $78.6k $9.07
8,673 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 35.00%

Alternative Uses

Best Use
Office B
$1.70M
$1.49M – $1.98M (±1% cap)
NOI $118,846 @ 7.0% cap · market cap 12.19%
Second Best
Flex RnD
$1.12M
$983.0K – $1.31M (±1% cap)
NOI $78,642 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M (±1% cap)
NOI $154,178 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Backyard Paradise and Restoration General Contractor

Suggested Use

Restaurant Electrical Service Auto Repair Shop Spa & Massage Center Garden Center Food Market Tech Support Center Grocery & Convenience Store Wine and Liquor Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Office and warehouse space with loading dock and covered area.
Where is this flex space located?
The property is located at 1740 Fallston Road Shelby, NC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Office/warehouse combination suitable for diverse business needs.; Convenient location on Hwy 18N with additional access from North Post Road.; **Warehouse space of 5069 sq ft (unheated).**
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