Retail Space in Shelby,
1198 Wyke Rd, Shelby, NC
For Sale
Contact for pricing
Retail property available for lease in Shelby, North Carolina.
Property Size2,970 SF
Lot Size1.34 Acres
Price / SF$267.68
Days on Market468
Property Features for 1198 Wyke Rd
General Information
Standard status
Size
Lot size
Property subtype
Properties For Sale
at 1198 Wyke Rd Contact us1198 Wyke Rd AVAILABLE, Now
Floor
1
Size
5,760 SF
Type
RETAIL
Sublease
No
1198 Wyke Rd AVAILABLE, Now
Floor
2
Size
2,970 SF
Type
RETAIL
Sublease
No
1198 Wyke Rd AVAILABLE, Now
Floor
Basement
Size
1,440 SF
Type
RETAIL
Sublease
No
Listing Agency:
Foothills Commercial Real Estate
Listed By:
Spencer Borders · License NC FOOTHILLSCOMMERCIALREALESTATEC24755
(980) 404-1111
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Nov 4
Last Checked: Nov 12 at 8:45AM
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 Foothills Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$35,588
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,760
$711.8K
Cap Rate 7%
$508,400
$508.4K
Cap Rate 9%
$395,422
$395.4K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$53.5K $18.00/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$50.8K $17.12/SF
− OpEx
−$15.3K −$5.14/SF
NOI
$35.6K $11.98/SF
Area
Cleveland County, NC
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,760
Cap Rate 7%
$508,400
Cap Rate 9%
$395,422
Alternative Uses
Best Use
Retail
$508.4K
$444.9K – $593.1K
NOI $35,588 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.2K
$660.0K – $880.0K
NOI $52,797 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail properties & Spaces in Cleveland County, NC
Properties on Market for Retail properties & Spaces in Cleveland County
Vacancy Rate% for Retail in South region
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 $795,000.
What are key features of this property?
This property features: Retail property available for lease.; Located in Shelby, North Carolina.
