Commercial Property with Income
For Sale
$525,000
651 S Post Road, Shelby, NC 28152
Two commercial buildings with room for expansion near Highway 74.
Property Size1,946 SF
Price / SF$269.78
Days on Market115
Property Features for 651 S Post Road
General Information
Standard status
Active
Size
1,946 SF
Property subtype
Commercial
Building Details
Year Built
2018
Listing Agency:
BROAD RIVER PROPERTIES, LLC
(704) 476-9143
Listed By:
MELISSA BRADSHAW
Source:
Corcoran
Added: Apr 7
Changed: Jul 10
Last Checked: Jul 30 at 6:22AM
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 BROAD RIVER PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This commercial property features two income-producing buildings, constructed in 2018 and 1994, with sizes of 1066 and 880 square feet respectively, totaling 1946 square feet. Located less than one mile from Highway 74, the property offers recurring revenue and potential for growth. The site provides ample parking space and room to add one or two additional commercial spots. The parking lot was seal coated on 6/20/25. The spaces have been well-maintained.
Key Highlights
- Established income‑producing commercial property with two buildings
- Located less than one mile from Highway 74
- Potential for growth with additional acreage for more commercial spots
Financial Insights For Retail
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 | $35.0k | $18.00 |
| − Vacancy | −$1.7k | −$0.88 |
| EGI | $33.3k | $17.12 |
| − OpEx | −$10.0k | −$5.14 |
| NOI | $23.3k | $11.98 |
1,946 SF · lease $18.00/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$333.1K
$291.5K – $388.6K
NOI $23,318 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,594 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28152, NC
25,643
Population
11,134
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
90%
High-School Grad
79.5 sq mi
ZIP Area
323
Density / Sq Mi
$55,926
Median Household Income
$36,149
Median Earnings
$904
Median Rent
$188,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Two commercial buildings with room for expansion near Highway 74.
Where is this storefront property located?
The property is located at 651 S Post Road Shelby, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Established income‑producing commercial property with two buildings; Located less than one mile from Highway 74; Potential for growth with additional acreage for more commercial spots
