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    Highway 18 Office Building Title is generated by Realmo AI

    2513 S Lafayette Street, Shelby, NC 28152

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    Claim this Listing
    For Sale
    $299,000

    Single-story office building on Highway 18 with strong visibility.

    Type:Commercial
    Property size:
    1,653 SF
    Price / SF:
    $180/SF
    Added:
    Nov 25, 2025
    Days on Market:
    198
    Last Refresh:
    May 10 at 9:30 pm

    Property Features for 2513 S Lafayette Street

    General Information

    Standard status
    Active
    Size
    1,653 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2005

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    Listing Contact
    SHARON WILSON

    Listing agent SHARON WILSON

    Listing office FOOTHILLS COMMERICAL REAL ESTATE LLC

    Listing date Nov 25, 2025

    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 FOOTHILLS COMMERICAL REAL ESTATE LLC

    HighLights

    • Priced below tax value!
    • Located on Highway 18/S Lafayette Street with strong visibility and traffic counts.
    • Includes 3 private offices and 1 large conference or training room.
    • 5 restrooms.
    • Single story building.
    • Residential/Corridor Protection (R/CP) zoning.

    Overview

    This single-story building features 3 private offices, a large conference or training room, and 5 restrooms. The property is located on Highway 18/S Lafayette Street, offering strong visibility and traffic counts. An approximately 1,653 square foot cinderblock structure, formerly a church, is situated on the site. A small stream is located on a portion of the property. The zoning is Residential/Corridor Protection (R/CP), and buyers should verify permitted uses. The property is priced below tax value.

    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 $36.7k $22.20
    − Vacancy −$6.5k −$3.93
    EGI $30.2k $18.27
    − OpEx −$7.6k −$4.57
    NOI $22.7k $13.70
    1,653 SF · lease $22.20/SF/yr · vacancy 17.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $323.6K
    $283.1K – $377.5K (±1% cap)
    NOI $22,651 @ 7.0% cap · market cap 7.58%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $419.8K
    $367.3K – $489.8K (±1% cap)
    NOI $29,385 @ 7.0% cap · market cap 9.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Big Box & Wholesale Store Grocery & Convenience Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.5633
    Latitude
    35.2149

    FAQs

    What type of property is this?
    Office units - Single-story office building on Highway 18 with strong visibility.
    Where is this office units located?
    The property is located at 2513 S Lafayette Street Shelby, NC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Priced below tax value!; Located on Highway 18/S Lafayette Street with strong visibility and traffic counts.; Includes 3 private offices and 1 large conference or training room.
    More about this property
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