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 Market428
Property Features for 1198 Wyke Rd
General Information
Standard status
Active
Size
2,970 SF
Lot size
1.34 Acres
Property subtype
RETAIL
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 #FOOTHILLSCOMMERCIALREALESTATEC24755
(980) 404-1111
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Oct 3
Last Checked: Oct 4 at 10:29AM
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
Estimated NOI and Cap Rate
NOI / Yr
$35,588
Cap Rate
3.95%
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 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
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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
Vacancy Rate% for Retail in South region
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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.
