Renovated Office Building with
For Sale
Contact for pricing
11111 & 11121 Carmel Commons Blvd, Charlotte, NC 28226
Newly renovated office building with retail, ample parking, and amenities.
Property Size86,298 SF
Price / SF$0.00
Days on Market280
Property Features for 11111 & 11121 Carmel Commons Blvd
General Information
Standard status
Active
Size
86,298 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Site & Location
Neighborhood
South Middle
Building Details
Building Size
86,298 SF
Properties For Sale
at 11111 & 11121 Carmel Commons Blvd Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| Carmel Park I | Suite 112 | 2,541 SF | — | — | — | Contact us |
| Carmel Park I | Suite 240 | 3,593 SF | — | — | — | Contact us |
| Carmel Park I | Suite 300 | 6,410 SF | — | — | — | Contact us |
| Carmel Park I | Suite 325 | 2,527 SF | — | — | — | Contact us |
| Carmel Park I | Suite 450 | 2,789 SF | — | — | — | Contact us |
| Carmel Park II | Suite 300 | 4,413 SF | — | — | — | Contact us |
| Carmel Park II | Suite 305 | 2,297 SF | — | — | — | Contact us |
| Carmel Park II | Suite 310 | 3,097 SF | — | — | — | Contact us |
| Carmel Park II | Suite 360 | 1,445 SF | — | — | — | Contact us |
| Carmel Park II | Suite 375 | 3,094 SF | — | — | — | Contact us |
| Carmel Park II | Suite 400 | 875 SF | — | — | — | Contact us |
Show all 11 spaces
Listing Agency:
Trinity Partners | Charlotte
Listed By:
John Hannon · License #NC 333630
(704) 813-7252
Source:
Trinity-partners
Added: Jan 27
Changed: Nov 1
Last Checked: Nov 1 at 3:42AM
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 Trinity Partners | Charlotte
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Investment Insights
Based on property information with market context.
The property is a newly renovated office building offering unmatched amenities and retail opportunities. It features ample parking and responsive property management and maintenance services. An on-site conference center is available, along with a courtyard that includes outdoor seating. The property is located next door to the Carmel Commons shopping center and is situated minutes from Ballantyne and I-485. The location in South Charlotte provides convenient access to various retail, dining, and everyday conveniences. It is also a short drive to many of the city’s desirable neighborhoods. Recent updates include elevator lobbies, common areas, restrooms, the conference center, and the courtyard with outdoor seating. The property has a size of 86298 square feet.
Key Highlights
- Prime South Charlotte location, minutes from Ballantyne and I‑485.
- Newly renovated elevator lobbies, common areas, restrooms, conference center, and courtyard.
- On‑site conference center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,332,786
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,655,720
$26.7M
Cap Rate 7%
$19,039,800
$19.0M
Cap Rate 9%
$14,808,733
$14.8M
Market Conditions
NOI Build-Up for 86,298 SF
Gross rent
$2.15M $24.96/SF
− Vacancy
−$376.9K −$4.37/SF
EGI
$1.78M $20.59/SF
− OpEx
−$444.3K −$5.15/SF
NOI
$1.33M $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%
$26,655,720
Cap Rate 7%
$19,039,800
Cap Rate 9%
$14,808,733
Alternative Uses
Best Use
Office B
$19.04M
$16.66M – $22.21M
NOI $1,332,786 @ 7.0% cap · market cap 4,595,813.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.74M
$25.15M – $33.53M
NOI $2,011,619 @ 7.0% cap · market cap 6,936,617.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 28226, NC
40,513
Population
16,816
Households
2.4
Avg Household Size
41
Median Age
62%
College-Educated
96%
High-School Grad
14.7 sq mi
ZIP Area
2,756
Density / Sq Mi
$113,203
Median Household Income
$61,177
Median Earnings
$1,477
Median Rent
$560,100
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 building - Newly renovated office building with retail, ample parking, and amenities.
Where is this office building located?
The property is located at 11111 & 11121 Carmel Commons Blvd Charlotte, NC.
What are key features of this property?
This property features: Prime South Charlotte location, minutes from Ballantyne and I‑485.; Newly renovated elevator lobbies, common areas, restrooms, conference center, and courtyard.; On‑site conference center.
