Commercial Real Estate Market in Lenoir, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
33 active listings and 1,296 off-market properties in Lenoir, NC.
Market Trends
Lenoir, NC spans 329.1 square miles in Caldwell County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lenoir, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Lenoir, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Lenoir, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Lenoir, NC has a median asking sale price of $156/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 74.8%
- Industrial 13.2%
- Commercial 8.2%
- Civic 0.4%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Lenoir, NC zones 17,443 acres across 17 districts. Commercial zoning covers 8.2% of zoned land, residential 74.8% and industrial 13.2%. The largest single district is Rural Residential at 21.6%. For commercial buyers the practical constraint is that only 21.3% of land carries a commercial or industrial designation.
R-R (Rural Residential) District is intended to develop and maintain, in keeping with the existing and future land development patterns, those areas of extraterritorial jurisdiction for low density single family residences, double wide manufactured homes and compatible uses, the regulations for this district are designed to stabilize and encourage a healthfu…
Market overview
Demographics & Economy
Lenoir, NC has 46,004 residents in 21,558 households. Density runs 140 people per square mile. Median household income here is $50,529 and median gross rent $726 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lenoir?
What zoning applies to commercial property in Lenoir?
Where does Realmo's Lenoir market data come from?
Methodology & data sources
- Asking prices and medians
- There are 27 active for-sale and 6 active for-lease listings in Lenoir, NC. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 17,443 zoned acres across 17 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 October 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 and industrial vacancy is reported at South region level.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
