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Property profile & analytics
OFF-MARKET Estimated value $2,950,000
Office buildings

222 Lafayette St Shelby, NC 28150-4444

24,000 SF 0.63 ac lot Built 1932
Entity Owned 3-yr Hold Free & Clear
Property ID
US53-2637151
Property summary
AI-generated overview

This exceptional Class A executive office space, totaling 2,760 square feet, is now available for lease at 222 N. Lafayette Street in Shelby, North Carolina. Located in Cleveland County, this property offers a unique opportunity for businesses seeking a prestigious and functional workspace. The entire building is currently vacant, presenting a blank canvas for a discerning tenant to customize the space to their exact specifications. The building boasts ample parking, a significant advantage for employees and clients alike. The "Multiple" tenancy designation suggests flexibility in lease terms and potential for subleasing, making it an ideal choice for expanding businesses or those requiring adaptable layouts. The property's address is 222 N. Lafayette St, Shelby, NC 28150, offering convenient access to local amenities and transportation networks. This is a rare opportunity to secure a substantial, high-quality office space in a desirable location. The 2,760 square feet provides ample room for various office configurations, from individual offices to open collaborative workspaces. The property's Class A designation signifies its superior construction, modern amenities, and prime location within Shelby. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1932
Total area 24,000 SF
Lot 0.63 ac (27,336 SF)
Zoning code GB
APN 17545
UPID US53-2637151
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Patrick Vollmer Physician
  • Huitt & Borders Dentistry Dental Office
  • ​​Carolina Driver Ed Training Center Vocational School
  • treadstone us Freight Service Logistics Company
  • Campbell Jr William E MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.20M
Blend (final) Blend
$2.95M
Owner & transaction history
Jnec Properties LLC · 3 yrs held
Jnec Properties LLC
since 2023
3 recorded transactions
2023
Price N/A
2023
$190,000
2008
$2.2M
Zoning & alternative use
GB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are generally located on the fringe of the central business district and along major highway corridors, residential uses are permitted at the sam…

Zone name General Business
General category COMMERCIAL
Zone area 1,307.36 ac
Source Realmo
Top alternative use upside
Restaurant $4.8M +51.1%
Medical building $3.3M +4.9%
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