Two Adjacent Office
For Sale
Contact for pricing
10027 Park Cedar Dr, Charlotte, NC 28210
Two adjacent office condos sold together, including one unit leased through August 31, 2027.
Property Size1,606 SF
Price / SF$345
Days on Market94
Property Features for 10027 Park Cedar Dr
General Information
Standard status
Active
Size
1,606 SF
Property subtype
OFFICE
Site & Location
Neighborhood
South Middle
Additional Details
HOA Fee
$662.50
Office Units
2
Building Details
Tenancy
Multi
Listing Agency:
Office Properties
(704) 540-1260
Listed By:
Jackson Stipp
(704) 907-5074
Source:
Moodyscre
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 28 at 10:24AM
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$24,803
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,060
$496.1K
Cap Rate 7%
$354,329
$354.3K
Cap Rate 9%
$275,589
$275.6K
Market Conditions
NOI Build-Up for 1,606 SF
Gross rent
$40.1K $24.96/SF
− Vacancy
−$7.0K −$4.37/SF
EGI
$33.1K $20.59/SF
− OpEx
−$8.3K −$5.15/SF
NOI
$24.8K $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%
$496,060
Cap Rate 7%
$354,329
Cap Rate 9%
$275,589
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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office unit - Two adjacent office condos sold together, including one unit leased through August 31, 2027.
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: 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
