Medical Office with Exam
For Sale
$849,000
112 S Oak Street, Cherryville, NC 28021
Brick clinical space in downtown Cherryville includes private offices and dedicated on-site parking.
Property Size4,150 SF
Price / SF$204.58
Days on Market378
Property Features for 112 S Oak Street
General Information
Standard status
Active
Size
4,150 SF
Total Parking Spaces
17
Property subtype
Commercial
Zoning
R-O
Additional Details
Condition
Move-in Ready
Property Use
Medical Office
Building Details
Building Size
4,150 SF
Year Built
1988
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Vickie Spurling Realty Inc
(704) 445-4888
Listed By:
Vickie Spurling · License #164716
(704) 477-7563
Source:
Dylerealestate
Added: Oct 15, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 Vickie Spurling Realty Inc
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Investment Insights
Based on property information with market context.
This 4,150-square-foot brick medical office, built in 1988, is configured for clinical operations. The layout includes 12 exam rooms with hand-wash sinks, private offices, reception and waiting areas, a staff lab, and work areas. A room is equipped for X-ray use with a darkroom. Room indicator lights, two public restrooms, and a private bathroom with a shower are also present. The property is zoned R-O.
The building sits in downtown Cherryville. Lincolnton, Shelby, Bessemer City, and Dallas are each described as 15 to 20 minutes away; Gastonia is approximately 30 minutes away, and Charlotte airport is within 40 minutes. A private concrete lot provides approximately 17 parking spaces, including two accessible spaces. A rear-side delivery and pickup area has a ramp.
The building sits in downtown Cherryville. Lincolnton, Shelby, Bessemer City, and Dallas are each described as 15 to 20 minutes away; Gastonia is approximately 30 minutes away, and Charlotte airport is within 40 minutes. A private concrete lot provides approximately 17 parking spaces, including two accessible spaces. A rear-side delivery and pickup area has a ramp.
Key Highlights
- 12 exam rooms, each with a hand‑wash sink
- 4,150‑square‑foot brick medical facility built in 1988
- X‑ray room with darkroom, staff lab, and room indicator lights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,782
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,640
$1.5M
Cap Rate 7%
$1,039,743
$1.0M
Cap Rate 9%
$808,689
$808.7K
Market Conditions
NOI Build-Up for 4,150 SF
Gross rent
$108.1K $26.04/SF
− Vacancy
−$11.0K −$2.66/SF
EGI
$97.0K $23.38/SF
− OpEx
−$24.3K −$5.85/SF
NOI
$72.8K $17.54/SF
Area
Gaston County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,640
Cap Rate 7%
$1,039,743
Cap Rate 9%
$808,689
Alternative Uses
Best Use
Office B
$1.04M
$909.8K – $1.21M
NOI $72,782 @ 7.0% cap · market cap 8.57%
Second Best
Healthcare Medical
$825.7K
$722.5K – $963.3K
NOI $57,800 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,433 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 28021, NC
13,669
Population
6,306
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
89%
High-School Grad
58.8 sq mi
ZIP Area
232
Density / Sq Mi
$57,652
Median Household Income
$37,703
Median Earnings
$874
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Turner Animal Clinic — 600 W Church St Suite C, Cherryville, NC 28021
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick clinical space in downtown Cherryville includes private offices and dedicated on-site parking.
Where is this medical office space located?
The property is located at 112 S Oak Street Cherryville, NC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 12 exam rooms, each with a hand‑wash sink; 4,150‑square‑foot brick medical facility built in 1988; X‑ray room with darkroom, staff lab, and room indicator lights
