Retail Space in Shelby,
For Sale
Contact for pricing
1198 Wyke Rd, Shelby, NC
Retail property available for lease in Shelby, North Carolina.
Property Size2,970 SF
Lot Size1.34 Acres
Price / SF$303.03
Days on Market364
Property Features for 1198 Wyke Rd
General Information
Standard status
Active
Size
2,970 SF
Lot size
1.34 Acres
Property subtype
RETAIL
Listing Agency:
Foothills Commercial Real Estate
(980) 404-1111
Listed By:
Spencer Borders · License #FOOTHILLSCOMMERCIALREALESTATEC24755
(980) 404-1111
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:57AM
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 Foothills Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail property, offering 2,970 square feet of space, is available for lease. The property is located in Shelby, North Carolina.
Key Highlights
- Retail property available for lease.
- Located in Shelby, North Carolina.
Financial Insights For Retail
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 | $53.5k | $18.00 |
| − Vacancy | −$2.6k | −$0.88 |
| EGI | $50.8k | $17.12 |
| − OpEx | −$15.3k | −$5.14 |
| NOI | $35.6k | $11.98 |
2,970 SF · lease $18.00/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$508.4K
$444.9K – $593.1K
NOI $35,588 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.2K
$660.0K – $880.0K
NOI $52,797 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Market
Properties on Market for Retail properties & Spaces in Shelby
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for lease in Shelby, North Carolina.
Where is this retail property located?
The property is located at 1198 Wyke Rd Shelby, NC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Retail property available for lease.; Located in Shelby, North Carolina.
