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114 Lee St 2,238 SF Office Building Shelby, NC 28150 $799,000 ($357.02/SF) 5.51% Cap Rate
Investment Highlights
- Medical office property featuring an established tenant for immediate income stability.
- Includes 18–22 dedicated parking spaces for staff and visitors.
- Convenient location in Shelby near major services, supporting strong patient or client access.
- Zoned RO (Residential/Office), accommodating professional or medical uses.
- Built in 1997 with well-maintained infrastructure suited for modern operation.
- Property spans approximately 2,238–2,696 sq ft with single-story design and accessibility features.
Executive Summary
Prime location! Established tenant in place. Zoning RO.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,238 SF
Building Class
B
Year Built
1997
Price
$799,000
Price Per SF
$357.02
Cap Rate
5.51%
NOI
$44,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,238 SF
Building FAR
0.08
Lot Size
0.62 AC
Zoning
RO - Residential Office
Parking
22 Spaces (9.83 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Central Heating
- Wi-Fi
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 55498 | Improvements Assessment | $397,402 |
| Land Assessment | $162,042 | Total Assessment | $559,444 |
Property Taxes
Parcel Number
55498
Land Assessment
$162,042
Improvements Assessment
$397,402
Total Assessment
$559,444
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Presented by
Paramont
114 Lee St
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