Charlotte Office Space For
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10401 Rozzelles Ferry Rd, Charlotte, NC 28214
2,352 SF office space on 1.061-acre parcel for sale.
Property Size2,352 SF
Lot Size1.06 Acres
Price / SF$350.77
Days on Market198
Property Features for 10401 Rozzelles Ferry Rd
General Information
Standard status
Active
Size
2,352 SF
Lot size
1.06 Acres
Property subtype
Office
Zoning
CG
Building Details
Year Built
1976
Listing Agency:
Lee & Associates - Charlotte
(980) 254-1579
Listed By:
Benjamin Bivens, CCIM · License #252681
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Jul 23 at 11:40AM
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 Lee & Associates - Charlotte
Investment Insights
Based on property information with market context.
The property at 10401 Rozzelles Ferry Rd, Charlotte, NC 28214, features an office space of approximately 2,352 square feet situated on a 1.061-acre parcel. Constructed in 1976, the building is zoned CG, which allows for a variety of commercial uses. The existing structure is suitable for office use and can also accommodate medical, service, or showroom-style businesses. A utility easement affects 0.42 acres, which is 39% of the site.
Key Highlights
- CG zoning allows for a broad range of commercial uses.
- The property is a ±2,352 SF office on a ±1.061‑acre parcel.
- Accommodate medical, service, or showroom‑style occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,480
$726.5K
Cap Rate 7%
$518,914
$518.9K
Cap Rate 9%
$403,600
$403.6K
Market Conditions
NOI Build-Up for 2,352 SF
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.
Gross rent
$58.7K $24.96/SF
− Vacancy
−$10.3K −$4.37/SF
EGI
$48.4K $20.59/SF
− OpEx
−$12.1K −$5.15/SF
NOI
$36.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,480
Cap Rate 7%
$518,914
Cap Rate 9%
$403,600
Alternative Uses
Best Use
Office B
$518.9K
$454.1K – $605.4K
NOI $36,324 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.2K
$685.3K – $913.8K
NOI $54,825 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 28214, NC
42,925
Population
15,896
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
90%
High-School Grad
33.9 sq mi
ZIP Area
1,266
Density / Sq Mi
$83,618
Median Household Income
$43,104
Median Earnings
$1,570
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2,352 SF office space on 1.061-acre parcel for sale.
Where is this office units located?
The property is located at 10401 Rozzelles Ferry Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: CG zoning allows for a broad range of commercial uses.; The property is a ±2,352 SF office on a ±1.061‑acre parcel.; Accommodate medical, service, or showroom‑style occupancy.
