Listing Agency: Knox Group Inc

Listed By: Michelle Polito · License #NC 335054 Show Phone

Source: Crexi

Added: Jun 29 Changed: Oct 26 Last Checked: Oct 28 at 6:56AM

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Investment Insights

Based on property information with market context.

This offering includes two office suites with reception and waiting space, along with ADA bathrooms and kitchenette areas. Suite 204 provides three large window offices and approximately 800 RSF, and is occupied through 9/30/26. Suite 205 includes three large window offices and approximately 700 RSF, and is currently leased through 8/31/29.

The property is located at 10224 Hickorywood Hill Ave in Huntersville, NC 28078. Suite 204 is available for an owner-occupant use after the current occupancy ends, and Suite 205 provides ongoing rental income under its existing lease term.

Key Highlights

• Suite 204: 800 RSF office suite with 3 large window offices plus waiting room and reception
• Suite 204 includes an ADA bathroom and kitchenette; occupied until 9/30/26
• Suite 205: 700 RSF office suite with 3 large window offices plus waiting room and reception

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,307

Cap Rate

4.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,140 $526.1K

Cap Rate 7%

$375,814 $375.8K

Cap Rate 9%

$292,300 $292.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$39.1K $26.04/SF

− Vacancy

−$4.0K −$2.66/SF

EGI

$35.1K $23.38/SF

− OpEx

−$8.8K −$5.85/SF

NOI

$26.3K $17.54/SF

Area

Mecklenburg County, NC

Vacancy

10.20%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,140

Cap Rate 7%

$375,814

Cap Rate 9%

$292,300

Alternative Uses

Best Use

Office B

$375.8K

$328.8K – $438.5K (±1% cap)

NOI $26,307 @ 7.0% cap · market cap 4.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$484.7K

$424.1K – $565.5K (±1% cap)

NOI $33,928 @ 7.0% cap · market cap 5.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Agape Christian Counseling Counselor Playright Pediatric Occupational ... Physician Huntersville Handy Hardware & Home Improvement Edward Jones - Financial ... Financial Advisor

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith Electrical Service Computer & Electronic Repair Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,479

Businesses Nearby

Explore this area Business Placement

Demographics for 28078, NC

67,863

Population

27,659

Households

2.5

Avg Household Size

37

Median Age

56%

College-Educated

97%

High-School Grad

63.7 sq mi

ZIP Area

1,065

Density / Sq Mi

$120,503

Median Household Income

$67,055

Median Earnings

$1,722

Median Rent

$441,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Office suites include window offices, reception areas, ADA bathrooms, and kitchenette space.

Where is this office unit located?

The property is located at 10224 Hickorywood Hill Ave Huntersville, NC.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Suite 204: 800 RSF office suite with 3 large window offices plus waiting room and reception; Suite 204 includes an ADA bathroom and kitchenette; occupied until 9/30/26; Suite 205: 700 RSF office suite with 3 large window offices plus waiting room and reception