Commercial Real Estate Market in Lenoir, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
320 active listings and 1,296 off-market properties in Lenoir, NC. Commercial property asks $57/SF to buy and $15.48/SF/Yr to lease.
Market Trends
Lenoir, NC spans 329.1 square miles in Caldwell County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lenoir, 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 Lenoir, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Lenoir, 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 74.8%
- Industrial 13.2%
- Commercial 8.2%
- Civic 0.4%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Rural Residential
Single Family Residential
Single Family Residential
Heavy Industrial
General Business
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.
Rural Residential (R-R)
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.
46,004
Population
21,558
Households
2.1
Avg Household Size
45
Median Age
17%
College-Educated
82%
High-School Grad
329.1 sq mi
ZIP Area
140
Density / Sq Mi
$50,529
Median Household Income
$34,526
Median Earnings
$726
Median Rent
$157,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Edgemont | — | — |
| Warrior | — | — |
| Gamewell | — | — |
| Cedar Rock | — | — |
Commercial property in Lenoir, NC asks $57/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lenoir?
Commercial property in Lenoir, NC asks an average of $57 per square foot. The 4 most recent recorded sales traded at a median of $85/SF.
How much does it cost to lease commercial space in Lenoir?
Asking lease rates in Lenoir, NC average $15.48 per square foot per year.
What zoning applies to commercial property in Lenoir?
Lenoir, NC zones 17,443 acres across 17 districts, of which 8.2% is commercial and 13.2% industrial. The largest single district is Rural Residential at 21.6% of zoned land. 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… Residential zoning covers 74.8% and open space 0%.
Where does Realmo's Lenoir market data come from?
Realmo compiles Lenoir, NC figures from 6 recent recorded sales, 313 active sale listings, 7 active lease listings, 1,296 tracked off-market properties, the current Lenoir zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 313 active for-sale and 7 active for-lease listings in Lenoir, 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: 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 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 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 August 2026 · report a data issue
