114 Lee Street, Shelby, NC 28150
2696 sq ft medical office with established tenant.
- Added:
- Dec 17, 2025
- Days on Market:
- 202
- Last Refresh:
- May 11 at 12:28 am
Property Features for 114 Lee Street
General Information
- Standard status
- Active
- Size
- 2,696 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing office PARAMONT LLC (704) 434-6588
Listing date Dec 17, 2025
Source Corcoran
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 PARAMONT LLC
HighLights
- Established tenant in place providing immediate income.
- 2696 sq ft medical office space.
- Zoning RO (likely Residential/Office, check local zoning).
- 18 parking places.
- Built in 1997.
Overview
Local 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 | $59.9k | $22.20 |
| − Vacancy | −$10.6k | −$3.93 |
| EGI | $49.3k | $18.27 |
| − OpEx | −$12.3k | −$4.57 |
| NOI | $36.9k | $13.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.5406
- Latitude
- 35.3003
