diff --git a/docs/INSTALL-CMAKE.md b/docs/INSTALL-CMAKE.md
index 8f19c51cc9..e55d951496 100644
--- a/docs/INSTALL-CMAKE.md
+++ b/docs/INSTALL-CMAKE.md
@@ -170,6 +170,7 @@ assumes that CMake generates `Makefile`:
 - `IMPORT_LIB_SUFFIX`:                      Import library suffix. Default: `_imp` for MSVC-like toolchains, otherwise empty.
 - `LIBCURL_OUTPUT_NAME`:                    Basename of the curl library. Default: `libcurl`
 - `PICKY_COMPILER`:                         Enable picky compiler options. Default: `ON`
+- `SHARE_LIB_OBJECT`:                       Build shared and static libcurl in a single pass (requires CMake 3.12 or newer). Default: `ON` for Windows
 - `STATIC_LIB_SUFFIX`:                      Static library suffix. Default: (empty)
 
 ## CA bundle options
diff --git a/lib/CMakeLists.txt b/lib/CMakeLists.txt
index 244835814a..76b63f416b 100644
--- a/lib/CMakeLists.txt
+++ b/lib/CMakeLists.txt
@@ -106,9 +106,9 @@ if(NOT DEFINED SHARE_LIB_OBJECT)
   endif()
 endif()
 
-if(SHARE_LIB_OBJECT)
+if(SHARE_LIB_OBJECT AND NOT CMAKE_VERSION VERSION_LESS 3.12)
   set(LIB_OBJECT "libcurl_object")
-  add_library(${LIB_OBJECT} OBJECT ${HHEADERS} ${CSOURCES})
+  add_library(${LIB_OBJECT} OBJECT ${HHEADERS} ${CSOURCES})  # Requires CMake 3.12
   if(WIN32)
     # Define CURL_STATICLIB always, to disable __declspec(dllexport) for
     # exported libcurl symbols. We handle exports via libcurl.def instead.