Owner-Occupant Office Condo
10027 Park Cedar Dr Charlotte, NC 28210
10027 Park Cedar Dr, Charlotte, NC, 28210
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For Sale
Contact for pricing
Office condo unit offering 1,395 sf, with condo dues and taxes details provided and no pending assessments per owner.
Property Size1,395 SF
Price / SF$345
Days on Market178
Property Features for 10027 Park Cedar Dr
General Information
- Standard status
- Active
- Size
- 1,395 SF
- Property subtype
- OFFICE
Listing agency
Office Properties
(704) 540-1260
Listed by
John Stipp
(704) 540-1260
Source
Moodyscre
Added: Jan 25 Updated: Jul 20 at 10:05PM Checked: Jul 21 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Office Properties
Investment Insights
Based on property information with market context.
Available for sale is a 1,395 sf office condo unit suitable for owner-occupancy. The property is governed by a condo association with stated annual condo dues of $2.65 per square foot per year. The owner reports no pending assessments and states the association has good reserves.
Property taxes are provided with an important note for Units 150 and 200, which are deeded together on one deed. As a result, the property taxes listed for those units are $4,809.31. The owner is working with an attorney to separate the deeds and prorate the taxes and condo dues.
This is a straightforward office condo configuration for an owner-occupant looking to secure space within the condo association structure, with specific expense and deed-status items available for review.
Property taxes are provided with an important note for Units 150 and 200, which are deeded together on one deed. As a result, the property taxes listed for those units are $4,809.31. The owner is working with an attorney to separate the deeds and prorate the taxes and condo dues.
This is a straightforward office condo configuration for an owner-occupant looking to secure space within the condo association structure, with specific expense and deed-status items available for review.
Key Highlights
- Office condo unit with 1,395 SF available for owner/occupant
- $345 per SF
- Condo dues: $2.65 per SF per year (per owner)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $24.96 |
| − Vacancy | −$6.1k | −$4.37 |
| EGI | $28.7k | $20.59 |
| − OpEx | −$7.2k | −$5.15 |
| NOI | $21.5k | $15.44 |
1,395 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$307.8K
$269.3K – $359.1K
NOI $21,544 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.5K
$406.5K – $542.0K
NOI $32,518 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Snapp Emily B ...
Dental Office
Park Cedar Dentistry
Dental Office
Fangman Shanda T ...
Dental Office
Dr. Warren W. ...
Dental Office
Performance Engineering Inc
Engineering Consultant
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FAQs
What type of property is this?
Office units - Office condo unit offering 1,395 sf, with condo dues and taxes details provided and no pending assessments per owner.
Where is this office units located?
The property is located at 10027 Park Cedar Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $481,275.
What are key features of this property?
This property features: Office condo unit with 1,395 SF available for owner/occupant; $345 per SF; Condo dues: $2.65 per SF per year (per owner)
