Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    415 W Warren St Shelby, NC 28150

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use property featuring office space and basement storage.

    Property size:
    1,869 SF
    Lot size:
    6,795.00 Acres

    Property Features for 415 W Warren St

    General Information

    Standard status
    Active
    Zoning
    Residential Office
    Size
    1,869 SF
    Lot size
    6,795.00 Acres

    Building Details

    Year built
    1932

    We can help!

    Listing Contact
    Sharon Wilson
    Sharon Wilson
    Source: Crexi

    Listing Agency: Foothills Commercial Real Estate LLC Listing Agent: Sharon Wilson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Shelby Mixed-Use Property For Sale

    Located just west of Uptown Shelby, the property at 415 W Warren Street offers 1869 square feet of space. The layout includes four private offices, a kitchen/break area, and two restrooms. Additional basement storage is available. This property is well-suited for professional or service users seeking a convenient, established location. It offers flexibility for owner-occupancy or investment.
    Location Intelligence

    Current Use by Public Records

    Haen Katherine E Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.5457533
    Latitude
    35.2907939

    Nearby Similar for Sale

    • $975,000
      8,673 SF

      Office/Warehouse on Hwy 18N

      Office and warehouse space with loading dock and covered area.
      1740 Fallston Rd, Shelby, NC 28150
      View Details
    • $315,000
      6,794 SF

      Shelby Warehouse with Office Space

      6,794 SF industrial building ideal for warehouse or manufacturing.
      601 Schenck St, Shelby, NC 28150
      View Details
    • $1,200,000
      1.00 Acre

      Shelby Office Building on Corner

      Spacious office building with ample parking and multiple access points.
      824 S Dekalb St, Shelby, NC 28150
      View Details
    • New
      $215,000
      0.19 Acres

      Downtown Shelby Commercial Property For Sale

      Commercial property with excellent visibility and dedicated parking in Shelby.
      820 W Warren St, Shelby, NC 28150
      View Details
    • $169,900
      0.60 Acres

      Established Beauty Shop For Sale

      Well-equipped beauty shop with parking and included appliances.
      2500 Joes Lake Rd, Shelby, NC 28152
      View Details
    • $370,000
      3.27 Acres

      Shelby, NC Investment Opportunity

      3.27-acre property with income potential in Shelby, NC.
      2125 Riverside Rd, Shelby, NC 28152
      View Details
    • $975,000
      3,604 SF

      Office/Warehouse on Hwy 18N

      Office and warehouse space with loading dock and roll-up door.
      1740 Fallston Rd, Shelby, NC 28150
      View Details
    • $110,000
      0.59 Acres

      Shelby Duplex on Large Lot

      Duplex in Shelby, NC on over half an acre.
      1617 Red Rd, Shelby, NC 28150
      View Details
    • $850,000

      Medical Office For Sale

      2696 sq ft medical office with established tenant.
      114 Lee St, Shelby, NC 28150
      View Details
    • $4,735,000
      6,500 SF

      New Construction Retail Investment Property

      New construction retail property with a 6.25% CAP rate.
      1315 E Dixon Blvd, Shelby, NC 28152
      View Details
    • $3,600,000

      22.08 Acre Healthcare Property

      22.08 acre healthcare property, equipment included, available April.
      1101 N Morgan St, Shelby, NC 28150
      View Details
    • $250,000

      Polkville Area Retail/Office Opportunity

      Well-maintained retail or office space with multiple rooms and ample parking.
      4009 Polkville Rd, Shelby, NC 28150
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring office space and basement storage.
    Where is this mixed-use property located?
    The property is located at 415 W Warren St Shelby, NC.
    What are key features of this property?
    This property features: - Convenient location just west of Uptown Shelby.; - Four private offices suitable for professional or service users.; - Flexibility for owner-occupancy or investment.
    Request Owner's contact information
    415 W Warren St Shelby, NC 28150
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    415 W Warren St
    Shelby, NC 28150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 W Warren St Shelby, NC 28150
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sharon Wilson
    Sharon Wilson
    Real Estate License ID: 267129
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!