Shelby Office Building For
For Sale
$1,200,000
824 S Dekalb Street, Shelby, NC 28150
Corner lot office building with multiple offices and parking.
Property Size4,587 SF
Price / SF$261.61
Days on Market585
Property Features for 824 S Dekalb Street
General Information
Standard status
Active
Size
4,587 SF
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
IVESTER JACKSON BLACKSTREAM
(828) 367-9001
Listed By:
JOY PHARR · License #270806
Source:
Corcoran
Added: Dec 22, 2024
Changed: Jul 6
Last Checked: Jul 30 at 7:33AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
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
NOI $81,542 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 28150, NC
28,517
Population
13,482
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
90%
High-School Grad
109.5 sq mi
ZIP Area
260
Density / Sq Mi
$53,027
Median Household Income
$36,843
Median Earnings
$793
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
