5 Lafayette St Shelby, NC 28150-5686
Property Lookup
Property profile & analytics
5 Lafayette St Shelby, NC 28150-5686
- Retail space
- 8,200 SF
- 0.09 lot acres
Property ID
US53-2887187
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Little Bit Studio / Training Center / (Bike/Boat/Book/etc) Store
- Lab Linxs / Laboratory
- innerG Fitness & Co. / Gym & Fitness Center / Training Center
- Lush Aesthetics Med Spa & IV Drip Bar / Spa & Massage Center / Alternative Medicine Practice
- Expeditionary Counseling / Counselor / Family Counselor
Property Details for 5 Lafayette St
- Year built
- 1925
- Lot size
- 0.09 lot acres
- Property size
- 8,200 SF
- Zone code
- CB
- Property type
- Retail space
- APN
- 17087
- APU
- 17087
Description
This exceptional investment opportunity presents a portfolio of three income-producing office buildings strategically located in uptown Shelby, North Carolina. All three properties are situated within two blocks of each other, offering convenient management and potential for synergistic operations. The portfolio comprises a total of 15 rental units spread across three addresses: 5 North Lafayette Street (13 units), 200 West Marion Street (2 units), and 131 West Marion Street (2 units). The main building at 5 North Lafayette Street boasts a substantial 13,082 square feet of leasable space. The entire portfolio sits on a combined 0.46-acre lot. Currently generating a robust annual rental income of $137,040, the portfolio demonstrates a strong net operating income (NOI) of $96,768, resulting in an attractive cap rate of 8.8%. This presents a compelling investment opportunity for those seeking a stable, high-yield return in a desirable uptown Shelby location. The proximity of the buildings allows for efficient management and potential for future expansion or consolidation. The current tenant base provides a consistent income stream, making this a low-risk, high-reward investment prospect. Detailed financial statements and property information are available upon request. This portfolio offers a rare chance to acquire a well-established, income-generating asset in a thriving urban core.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.5405
- Latitude
- 35.2916
- CBSA code
- 43140
- CBSA name
- SHELBY, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,390
$29,520
$203,448
$232,968
-
$29,520
$203,448
$232,968
