Lenoir, NC
Commercial Real Estate Market Trends & Data

$226 Avg asking sale price
$9 Avg asking lease rate
92,802 SF Avg unit lease size
99,375 SF Avg building size for sale
6.86% Average cap rate

Lenoir's Demographic Profile

Lenoir has 7,833 households and a median income of $36,266, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 18,771
# Households 7,833
Median age 43
Median household income $36,266
Avg household size 2.0
Renter-occupied housing units 3,125
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lenoir, NC

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Lenoir $256 14,215 SF
Gamewell $98 9,014 SF
Hudson $57 30,570 SF
Granite Falls $1,206 2,500 SF
Morganton $196 4,082 SF

Commercial Properties For Sale in Lenoir

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

7 Brew Coffee Ground Lease

Lenoir, NC 28645

  • 510 SF Retail Building
  • 6.15% Cap Rate
  • $1,788,000
For Sale

1285 Wilkesboro Blvd

Lenoir, NC 28645

  • 3,700 SF Office Building
  • $450,000
For Sale

Dollar General

Lenoir, NC 28645

  • 9,014 SF Retail Building
  • 8.25% Cap Rate
  • $887,273
For Sale

304 Virginia St SW

Lenoir, NC 28645

  • 6,000 SF Retail Building
  • $365,000
For Sale

Dollar Tree | New Extension | 11+yrs Remain

Lenoir, NC 28645

  • 10,000 SF Retail Building
  • 7.25% Cap Rate
  • $1,752,000
For Sale

1080 Main St NW

Lenoir, NC 28645

  • 6,271 SF Office Building
  • $450,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lenoir pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lenoir $226 99,375 SF
Gamewell $108 250,507 SF
Cajahs Mountain $138 9,014 SF
Hudson $57 30,570 SF
Granite Falls $364 25,375 SF

Regional Demographic Comparison

This comparison places Lenoir alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lenoir or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Gamewell 3,508 1,425 45 $43,386 2 395 -2%
Cajahs Mountain 2,749 1,104 46 $36,136 2 303 -1%
Hudson 3,980 1,617 45 $40,601 2 502 -1%
Granite Falls 5,050 1,997 43 $44,006 2 652 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lenoir, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lenoir

View All Commercial Real Estate For Sale in Lenoir
Is Lenoir a good market for a first-time commercial real estate investor?

Lenoir offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lenoir?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lenoir. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lenoir?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lenoir. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lenoir compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lenoir. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lenoir acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lenoir, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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