Technical
Financial
Distress signals
Property profile

804 E Grover St E Shelby, NC 28150

FOR SALE
Other industrial land
Property ID
US53-2963756
4,343 SF 1.09 ac lot Built 1952
Individually Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

A 1.455-acre vacant, level commercial land parcel located within the city limits of Shelby, North Carolina. The property is zoned NB (“Neighborhood Business”) and has triple road frontages: 173 feet on Grover Street, 75 feet on Buffalo Street, and 262 feet on Julius Street. City utilities are available at the site. The parcel is approximately 1/2 mile east of Atrium Health Cleveland Regional Medical Center and about 200 feet south of a four-way signalized traffic intersection at Wyke Road; 2021 NCDOT data reports an estimated AADT range of 11,500 to 14,500 vehicles per day. Under current NB zoning, the site permits a drive-thru window for a fast-food restaurant.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1952
Total area 4,343 SF
Lot 1.09 ac (47,480 SF)
Zoning code LI
APN 20006
UPID US53-2963756

Cap rate & NOI

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

Location

804 E Grover St E Shelby, NC 28150
Shelby metro Census 950900 SHELBY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Zoning & alternative use

LI · Shelby, NC
Zoning description

The LI light industrial district is primarily intended to accommodate limited manufacturing, warehousing, wholesaling and related commercial and service activities which have little or no adverse impact upon adjoining re…

General category INDUSTRIAL

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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