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Financial
Distress signals
Property profile

1001 North Washington St Shelby, NC 28150

FOR SALE
Medical Office Space
Property ID
US53-2633260
15,913 SF 1.14 ac lot Built 2009
Last sale Jul 2025 · $3,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$30k
Tax billed · 2024
Assessed value · 2023$2.50M
Assessed land$371k
Assessed improvement$2.13M
Effective rate1.20%

Value estimate

· Oct 2026
$1.90M
$1.71M – $2.08M
NOI build-up
Gross scheduled income$370k
Vacancy & credit loss−$65k
Operating expenses−$76k
NOI · 3.99% cap applied$228k

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?
3.99%
$228k 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: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath9.3
Electrical Service9.3
Laundry Service9.1

Location

1001 North Washington St Shelby, NC 28150
County assessor Recorded deeds · 4 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 · 15 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
1180 Wyke, Shelby, NC 28150-4259 $2,464,000 Jun 2022 7,286 SF
1198 Wyke, Shelby, NC 28150-4259 $380,000 Jan 2022 8,568 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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