Commercial Real Estate Market in Grover, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 96 off-market properties in Grover, NC.
Market Trends
Grover, NC spans 25.7 square miles in Cleveland County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grover, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Grover, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Grover, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Grover, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 88.2%
- Commercial 6.2%
- Industrial 5.6%
Largest Zones share of zoned land by district
Restricted Residential
Residential
General Business
Residential Manufactured Homes And Parks
Light Industrial
Grover, NC zones 719 acres across 5 districts. Commercial zoning covers 6.2% of zoned land, residential 88.2% and industrial 5.6%. The largest single district is Restricted Residential at 53%. For commercial buyers the practical constraint is that only 11.8% of land carries a commercial or industrial designation.
Restricted Residential (RR)
Most restrictive residential district intended to accommodate low density single family detached dwellings and modular homes at a maximum density of two dwelling units per acre.
Market overview
Demographics & Economy
Grover, NC has 5,356 residents in 2,664 households. Density runs 208 people per square mile. Median household income here is $55,466 and median gross rent $870 a month.
5,356
Population
2,664
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
87%
High-School Grad
25.7 sq mi
ZIP Area
208
Density / Sq Mi
$55,466
Median Household Income
$32,426
Median Earnings
$870
Median Rent
$125,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kings Creek | — | — |
| Blacksburg | — | — |
| Earl | — | — |
| Kings Mountain | — | — |
Commercial property in Grover, NC asks $703/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grover?
Commercial property in Grover, NC asks an average of $703 per square foot. The 5 most recent recorded sales traded at a median of $96/SF, so asking sits 633% above the achieved median.
What zoning applies to commercial property in Grover?
Grover, NC zones 719 acres across 5 districts, of which 6.2% is commercial and 5.6% industrial. The largest single district is Restricted Residential at 53% of zoned land. Most restrictive residential district intended to accommodate low density single family detached dwellings and modular homes at a maximum density of two dwelling units per acre. Residential zoning covers 88.2% and open space 0%.
Where does Realmo's Grover market data come from?
Realmo compiles Grover, NC figures from 7 recent recorded sales, 12 active sale listings, 96 tracked off-market properties, the current Grover zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Grover, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 719 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
