Financial
Distress signals
Property profile

1198 Wyke Rd Shelby, NC 28150

FOR SALE
Medical Office Space
Property ID
US53-2706587
8,568 SF 1.02 ac lot Built 1980
Last sale Jan 2022 · $380,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value · 2023$658k
Assessed land$152k
Assessed improvement$507k
Effective rate1.21%

Value estimate

· Sep 2026
$275k
$248k – $303k
AI approach$240k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 3.95% cap applied$36k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$137/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$75 – $203

Cap rate analysis

How does the asset earn?
3.95%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RO
The RO residential office district is primarily intended to accommodate high density multifamily residences offices public and institutio...
General categoryMIXED_USE
JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.7
Building Supply16.1
Wholesale Shop14.0

Location

1198 Wyke Rd Shelby, NC 28150
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
417 Warren, Shelby, NC 28150-5368 $200,000 Apr 2024 4,891 SF
807 Schenck, Shelby, NC 28150-5122 $1,000,000 Apr 2024 11,495 SF
200 Grover, Shelby, NC 28150-3708 $2,027,500 Jun 2022 4,423 SF
1180 Wyke, Shelby, NC 28150-4259 $2,464,000 Jun 2022 7,286 SF
808 Washington, Shelby, NC 28150-3858 $700,000 Dec 2019 5,199 SF
101 Delta Park, Shelby, NC 28150-3575 $5,750,000 Nov 2019 11,820 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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