Office/Warehouse on Hwy
1740 Fallston Road Shelby, NC 28150
1740 Fallston Road, Shelby, NC, 28150
$975,000
For Sale
$975,000
Office and warehouse space with loading dock and roll-up door.
Property Size3,604 SF
Price / SF$270.53
Days on Market180
Property Features for 1740 Fallston Road
General Information
- Standard status
- Active
- Size
- 3,604 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing Agency
DIANE LEDBETTER REAL ESTATE
(704) 481-7523
Listed by
DIANE LEDBETTER · License #181896
Source
Corcoran
Added: Jan 21 Updated: Jul 6 at 9:51 am Checked: Jul 20 at 4:07 am
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 DIANE LEDBETTER REAL ESTATE
Investment Insights
Based on property information with market context.
This property features office and warehouse space situated on Hwy 18N, with additional access from North Post Road. The building includes a covered area equipped with a 14 ft roll-up door and a loading dock. The front roof has been replaced. The layout comprises office space at the front and warehouse space at the back, with a full bathroom and an additional half bathroom. The office space measures 3604 square feet and is heated, while the warehouse provides 5069 square feet of unheated space.
Key Highlights
- Office and warehouse space totaling 8,673 sq ft.
- Convenient location on Hwy 18N with additional access from North Post Road.
- Loading dock for efficient material handling.
Local 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 | $80.0k | $22.20 |
| − Vacancy | −$14.2k | −$3.93 |
| EGI | $65.8k | $18.27 |
| − OpEx | −$16.5k | −$4.57 |
| NOI | $49.4k | $13.70 |
3,604 SF · lease $22.20/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$705.5K
$617.3K – $823.1K
NOI $49,385 @ 7.0% cap · market cap 5.07%
Second Best
Flex RnD
$466.8K
$408.5K – $544.7K
NOI $32,679 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$915.3K
$800.9K – $1.07M
NOI $64,068 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Backyard Paradise and Restoration
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office and warehouse space with loading dock and roll-up door.
Where is this flex space located?
The property is located at 1740 Fallston Road Shelby, NC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Office and warehouse space totaling 8,673 sq ft.; Convenient location on Hwy 18N with additional access from North Post Road.; Loading dock for efficient material handling.
