Leased Office Building
New
For Sale
$656,250
11 Shoaf Street, Lexington, NC 27292
Well-maintained office building with 12 private offices and two conference rooms, currently 100% leased through October 2029.
Property Size4,344 SF
Price / SF$151.07
Days on Market5
Property Features for 11 Shoaf Street
General Information
Standard status
Active
Size
4,344 SF
Property subtype
Office - General Office
Occupancy
100%
Building Details
Building Size
4,344 SF
Year Built
1971
Listing Agency:
Linville Team Partners
(336) 724-1715
Listed By:
Jordan Cooper
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Linville Team Partners
Investment Insights
Based on property information with market context.
Located at 11 Shoaf Street in an established commercial area, this well-maintained ±4,344 SF office building is currently 100% leased through October 2029. The space is arranged with 12 private offices and two conference rooms, supporting a range of professional office operations within a straightforward configuration.
The property is zoned for commercial use. It also has a noted 40+ year lease history with the tenant, offering continuity for investors evaluating long-term income stability.
The property is zoned for commercial use. It also has a noted 40+ year lease history with the tenant, offering continuity for investors evaluating long-term income stability.
Key Highlights
- Well‑maintained ±4,344 SF office building at 11 Shoaf Street
- 12 private offices plus two conference rooms
- Currently 100% leased through October 2029
Financial Insights For Office B
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 | $95.4k | $21.96 |
| − Vacancy | −$24.8k | −$5.71 |
| EGI | $70.6k | $16.25 |
| − OpEx | −$17.6k | −$4.06 |
| NOI | $52.9k | $12.19 |
4,344 SF · lease $21.96/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$756.3K
$661.8K – $882.4K
NOI $52,944 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.4K – $1.29M
NOI $77,149 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 27292, NC
39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with 12 private offices and two conference rooms, currently 100% leased through October 2029.
Where is this office building located?
The property is located at 11 Shoaf Street Lexington, NC.
What is the asking price?
The asking price for this property is $656,250.
What are key features of this property?
This property features: Well‑maintained ±4,344 SF office building at 11 Shoaf Street; 12 private offices plus two conference rooms; Currently 100% leased through October 2029
