Office Condo For
For Sale
Contact for pricing
1111 Central Avenue Unit 100, Charlotte, NC 28204
3,159 SF office condo available for purchase.
Property Size3,159 SF
Price / SF$299.15
Days on Market147
Property Features for 1111 Central Avenue Unit 100
General Information
Standard status
Active
Size
3,159 SF
Property subtype
Office
Building Details
Year Built
1954
Listing Agency:
Regent Commercial Real Estate
(704) 910-9518
Listed By:
Brian Smith · License #NC 270734
Source:
Crexi
Added: Mar 5
Changed: Jul 6
Last Checked: Jul 29 at 4:34AM
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 Regent Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offering is a 3,159 square foot office condo. The property is suitable for office use.
Key Highlights
- 3,159 SF Office Condo
- Year Built: 1954
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 | $78.8k | $24.96 |
| − Vacancy | −$13.8k | −$4.37 |
| EGI | $65.1k | $20.59 |
| − OpEx | −$16.3k | −$5.15 |
| NOI | $48.8k | $15.44 |
3,159 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$697.0K
$609.9K – $813.1K
NOI $48,788 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$920.5K – $1.23M
NOI $73,637 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 28204, NC
9,411
Population
6,291
Households
1.5
Avg Household Size
31
Median Age
76%
College-Educated
96%
High-School Grad
1.8 sq mi
ZIP Area
5,228
Density / Sq Mi
$89,207
Median Household Income
$72,281
Median Earnings
$1,694
Median Rent
$576,900
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 - 3,159 SF office condo available for purchase.
Where is this office units located?
The property is located at 1111 Central Avenue Unit 100 Charlotte, NC.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 3,159 SF Office Condo; Year Built: 1954
