Property profile

616 Marion St Shelby, NC 28150

OFF-MARKET
Medical Office Space
Property ID
US53-2555957
2,112 SF Built 1949
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A 2,110-square-foot professional office building on a 0.64-acre lot, zoned R-O. The interior features hardwood floors throughout and includes six private offices, each with an individual records closet and a half bathroom. Additional amenities include a separate handicapped-accessible bathroom with a tiled floor, an HVAC/electrical closet, a front reception area with a receptionist sliding window and workspace, a conference room, and a separate kitchen. The property provides 16 asphalt-paved parking spaces and includes professionally maintained landscaping and grounds, with building improvements that include a newer roof, insulated windows, and an HVAC system.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1949
Total area 2,112 SF
Zoning code RO-CU
APN 18619
UPID US53-2555957

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Counselor
  • Physician Medical Clinic
  • Foster Care Service Social Service Agency
  • Physician Medical Clinic

Location

616 Marion St Shelby, NC 28150-4618
Shelby metro Census 951000 SHELBY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$50k

Owner & transaction history

since 2025
Last sale
$350,000
4 recorded transactions
2025
$350,000
2023
Price N/A
2009
$62,000
2005
$80,000

Zoning & alternative use

RO-CU · Shelby, NC
Zoning description

The RO residential office district is primarily intended to accommodate high density multi family residences offices public and institutional business, professional and personal services and limited support retail busine…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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