Shelby Office Building For Sale

824 S Dekalb Street, Shelby, NC 28150

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For Sale

$1,200,000

Corner lot office building with multiple offices and parking.

Type:Commercial

Property size:

4,587 SF

Price / SF:

$261/SF

HighLights

Prime corner lot location at the intersection of Dekalb Street/Earl Rd/Hwy 74 in Shelby.
Abundant parking with 30+ spaces on three sides of the building.
Spacious layout featuring 11 offices, a large conference room, reception and waiting areas.
Multiple access points including two private entrances and a side delivery entrance.
Well‑maintained landscaping, security system, and handicap access.
Versatile space suitable for various professional uses (law firm, accounting office, etc.).

We can help!

Listing Contact

JOY PHARR

For Sale

$1,200,000

Corner lot office building with multiple offices and parking.

Type:Commercial

Property size:

4,587 SF

Price / SF:

$261/SF

Added:: Dec 22, 2024
Days on Market:: 540
Last Refresh:: May 10 at 10:22 pm

Property Features for 824 S Dekalb Street

General Information

Standard status: Active
Size: 4,587 SF
Property subtype: Commercial

Building Details

Year Built: 1981

We can help!

Listing Contact

JOY PHARR

Listing agent JOY PHARR License #270806

Listing office IVESTER JACKSON BLACKSTREAM

Listing date Dec 22, 2024

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 IVESTER JACKSON BLACKSTREAM

HighLights

Prime corner lot location at the intersection of Dekalb Street/Earl Rd/Hwy 74 in Shelby.
Abundant parking with 30+ spaces on three sides of the building.
Spacious layout featuring 11 offices, a large conference room, reception and waiting areas.
Multiple access points including two private entrances and a side delivery entrance.
Well‑maintained landscaping, security system, and handicap access.
Versatile space suitable for various professional uses (law firm, accounting office, etc.).

Overview

This office building is situated on a corner lot in Shelby, North Carolina, at the intersection of Dekalb Street, Earl Road, and Highway 74. The property features 11 spacious offices, a reception room and waiting areas, a large conference room, and three bathrooms. Additional amenities include a kitchenette and multiple storage rooms that could serve as smaller offices. The building offers easy access with two entrance points from Dekalb Street and Earl Road, along with a side delivery entrance. There are over 30 parking spaces available on three sides of the building, as well as two private entrances. The grounds are landscaped and meticulously maintained. The property is equipped with a security system and handicap access. Currently used as a mortgage office, the building is also suitable for a law firm, accounting office, dentist office, or counseling office. The property size is 4587 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$101.8k	$22.20
− Vacancy	−$18.0k	−$3.93
EGI	$83.8k	$18.27
− OpEx	−$21.0k	−$4.57
NOI	$62.9k	$13.70

4,587 SF · lease $22.20/SF/yr · vacancy 17.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$897.9K

$785.7K – $1.05M (±1% cap)

NOI $62,855 @ 7.0% cap · market cap 5.24%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,542 @ 7.0% cap · market cap 6.80%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Union Home Mortgage Loan Service Homestar Financial Corporation Loan Service Miranda Brown-Meaders Physician

Suggested Use

Location Insight

Map
Local Demand

City: Shelby
County: Cleveland
State: North Carolina
Longitude: -81.5384
Latitude: 35.2787

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For sale
Office buildings
NC
Shelby
28150
824 S Dekalb Street

What type of property is this?

Office building - Corner lot office building with multiple offices and parking.

Where is this office building located?

The property is located at 824 S Dekalb Street Shelby, NC.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Prime corner lot location at the intersection of Dekalb Street/Earl Rd/Hwy 74 in Shelby.; Abundant parking with **30+ spaces** on three sides of the building.; Spacious layout featuring **11 offices**, a large conference room, reception and waiting areas.