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Property profile

1170 E Marion St Shelby, NC 28150

FOR SALE
Retail space
Property ID
US53-2786244
14,725 SF Built 2009
Last sale Nov 2020 · $3,285,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1170 E Marion St, Shelby, NC 28150 For Sale
Contact for pricing 14,725 SF
1170 E Marion St, Shelby, NC 28150
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Property summary

AI-generated overview

This commercial land parcel is accessible from three streets, providing multiple ingress and egress points. It is located at a signalized corner on E Marion St and Cherryville Rd, with traffic volumes of approximately 13,000 AADT on E Marion St and 11,000 AADT on Cherryville Rd. The property sits in a commercial trade area adjacent to established residential areas, and the surrounding environment includes an ongoing Peach Street relocation that may support additional development or construction.

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?
$18k
Tax billed · 2024
Assessed value · 2023$1.46M
Assessed land$276k
Assessed improvement$1.18M
Effective rate1.20%

Value estimate

· Oct 2026
$1.66M
$1.49M – $1.83M
Submarket $/SF estimate$1.73M
NOI build-up
Gross scheduled income$264k
Vacancy & credit loss−$17k
Operating expenses−$62k
NOI · 4.94% cap applied$185k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$22 – $118

Cap rate analysis

How does the asset earn?
4.94%
$185k 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?
GB
The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal ...
General categoryCOMMERCIAL
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 agency23.9
Auto Repair Shop17.7
Law Firm16.9

Location

1170 E Marion St Shelby, NC 28150
County assessor Recorded deeds · 10 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
814 Washington, Shelby, NC 28150-5911 $1,727,000 Jan 2024 5,400 SF
319 Marion, Shelby, NC 28150-4611 $1,650,000 Jul 2023 14,518 SF
445 Earl, Shelby, NC 28150 $2,380,000 Apr 2023 12,600 SF
501 Lafayette, Shelby, NC 28150-4476 $252,000 Aug 2022 8,000 SF
662 Suttle, Shelby, NC 28150 $147,500 Dec 2021 10,719 SF
2507 Stage Coach, Shelby, NC 28150-8817 $875,000 Oct 2021 9,012 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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