Leased Office Building
For Sale
Contact for pricing
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 Market100
Property Features for 11 Shoaf Street
General Information
Standard status
Active
Size
4,344 SF
Total Parking Spaces
25
Property subtype
Office
Zoning
B
Occupancy
100%
Lease Type
Gross
Net Operating Income
$52,500
Building Details
Year Built
1971
Year Renovated
2005
Buildings
1
Tenancy
Single
Listing Agency:
Linville Team Partners
Listed By:
Jordan Cooper · License #305683
(303) 717-3160
Source:
Crexi
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 28 at 4:59AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$52,944
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,880
$1.1M
Cap Rate 7%
$756,343
$756.3K
Cap Rate 9%
$588,267
$588.3K
Market Conditions
NOI Build-Up for 4,344 SF
Gross rent
$95.4K $21.96/SF
− Vacancy
−$24.8K −$5.71/SF
EGI
$70.6K $16.25/SF
− OpEx
−$17.6K −$4.06/SF
NOI
$52.9K $12.19/SF
Area
Davidson County, NC
Vacancy
26.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,880
Cap Rate 7%
$756,343
Cap Rate 9%
$588,267
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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
