Owner-Occupant Office Condo
For Sale
Contact for pricing
10027 Park Cedar Dr, Charlotte, NC 28210
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$397.18
Days on Market241
Property Features for 10027 Park Cedar Dr
General Information
Standard status
Active
Size
1,395 SF
Property subtype
OFFICE
Site & Location
Neighborhood
South Middle
Listing Agency:
Office Properties
(704) 540-1260
Listed By:
Jackson Stipp
(704) 907-5074
Source:
Moodyscre
Added: Mar 3
Changed: Oct 26
Last Checked: Oct 28 at 8:26AM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,544
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,880
$430.9K
Cap Rate 7%
$307,771
$307.8K
Cap Rate 9%
$239,378
$239.4K
Market Conditions
NOI Build-Up for 1,395 SF
Gross rent
$34.8K $24.96/SF
− Vacancy
−$6.1K −$4.37/SF
EGI
$28.7K $20.59/SF
− OpEx
−$7.2K −$5.15/SF
NOI
$21.5K $15.44/SF
Area
Charlotte, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,880
Cap Rate 7%
$307,771
Cap Rate 9%
$239,378
Alternative Uses
Best Use
Office B
$307.8K
$269.3K – $359.1K
NOI $21,544 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.5K
$406.5K – $542.0K
NOI $32,518 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
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Business Placement
Demographics for 28210, NC
46,843
Population
22,376
Households
2.1
Avg Household Size
37
Median Age
60%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
3,778
Density / Sq Mi
$94,145
Median Household Income
$54,965
Median Earnings
$1,444
Median Rent
$486,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office unit - Office condo unit offering 1,395 sf, with condo dues and taxes details provided and no pending assessments per owner.
Where is this office unit located?
The property is located at 10027 Park Cedar Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $554,070.
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)
