Flex Space with Loading
For Sale
$975,000
1740 Fallston Rd, Shelby, NC 28150
Office and warehouse areas are arranged within a versatile commercial building with two access points and covered loading functionality.
Property Size3,604 SF
Price / SF$270.53
Days on Market75
Property Features for 1740 Fallston Rd
General Information
Standard status
Active
Size
3,604 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
5,069 SF
Office Build-Out
3,604 SF
Dock-High Doors
1
Conditioned Warehouse
No
Amenities
covered area with roll up door
loading dock
full bathroom plus half
Building Details
Year Built
2003
Listing Agency:
Diane Ledbetter Real Estate
Listed By:
Diane Ledbetter · License #181896
(704) 692-8260
Source:
Highperformancerea
Added: Aug 2
Changed: Oct 10
Last Checked: Oct 7 at 2:48PM
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.
Built in 2003, this flex property combines heated office space at the front with an unheated warehouse area toward the rear. The office component measures 3604 square feet, while the warehouse measures 5069 square feet. Interior features include one full bathroom and one half bathroom.
The property is positioned on Hwy 18N and also provides rear access from North Post Road. A covered loading area includes a 14 ft roll-up door, and the building has a loading dock. The front roof section has been replaced, adding a documented improvement to the office-facing portion of the building.
The property is positioned on Hwy 18N and also provides rear access from North Post Road. A covered loading area includes a 14 ft roll-up door, and the building has a loading dock. The front roof section has been replaced, adding a documented improvement to the office-facing portion of the building.
Key Highlights
- Flex building with 3604 square feet of heated office space and 5069 square feet of unheated warehouse space
- Covered loading area with a 14 ft roll‑up door
- Loading dock included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,385
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,700
$987.7K
Cap Rate 7%
$705,500
$705.5K
Cap Rate 9%
$548,722
$548.7K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$80.0K $22.20/SF
− Vacancy
−$14.2K −$3.93/SF
EGI
$65.8K $18.27/SF
− OpEx
−$16.5K −$4.57/SF
NOI
$49.4K $13.70/SF
Area
Cleveland County, NC
Vacancy
17.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,700
Cap Rate 7%
$705,500
Cap Rate 9%
$548,722
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 authorities.
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Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are arranged within a versatile commercial building with two access points and covered loading functionality.
Where is this flex space located?
The property is located at 1740 Fallston Rd 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: Flex building with 3604 square feet of heated office space and 5069 square feet of unheated warehouse space; Covered loading area with a 14 ft roll‑up door; Loading dock included
