Two Adjacent Office
10027 Park Cedar Dr Charlotte, NC 28210
For Sale
Contact for pricing
Pending
Two adjacent office condos sold together, including one unit leased through August 31, 2027.
Property Size1,606 SF
Days on Market121
Property Features for 10027 Park Cedar Dr
General Information
Standard status
Pending
Size
1,606 SF
Property subtype
OFFICE
Listing Agency:
Office Properties
(704) 540-1260
Listed By:
John Stipp
(704) 540-1260
Source:
Moodyscre
Added: Apr 1
Changed: Jul 30
Last Checked: Jul 30 at 6:07AM
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.
This offering includes two adjacent office condos for sale together. Unit 10027-150 is 1,606 SF and is leased through August 31, 2027. Unit 10027-200 is 1,394 SF and is configured for owner/occupant use.
The units were previously deeded together, with property taxes reported jointly for both units. The owner has legally separated the deeds on the individual units, and taxes are expected to be prorated accordingly.
Each unit’s layout supports office use, giving buyers the option to occupy one space while maintaining tenancy in the other, depending on their needs. Whether you’re looking for combined workplace control or a hybrid owner-occupant strategy, these adjacent condos provide a straightforward way to manage two linked office suites under one transaction.
The units were previously deeded together, with property taxes reported jointly for both units. The owner has legally separated the deeds on the individual units, and taxes are expected to be prorated accordingly.
Each unit’s layout supports office use, giving buyers the option to occupy one space while maintaining tenancy in the other, depending on their needs. Whether you’re looking for combined workplace control or a hybrid owner-occupant strategy, these adjacent condos provide a straightforward way to manage two linked office suites under one transaction.
Key Highlights
- 1,606 SF office condo (10027‑150) leased through August 31, 2027
- 1,394 SF office condo (10027‑200) for owner/occupant
- Two adjacent office condos sold together
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 | $40.1k | $24.96 |
| − Vacancy | −$7.0k | −$4.37 |
| EGI | $33.1k | $20.59 |
| − OpEx | −$8.3k | −$5.15 |
| NOI | $24.8k | $15.44 |
1,606 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$354.3K
$310.0K – $413.4K
NOI $24,803 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.8K
$468.0K – $623.9K
NOI $37,436 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two adjacent office condos sold together, including one unit leased through August 31, 2027.
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 $554,070.
What are key features of this property?
This property features: 1,606 SF office condo (10027‑150) leased through August 31, 2027; 1,394 SF office condo (10027‑200) for owner/occupant; Two adjacent office condos sold together
