Retail Investment Property with Corner
For Sale
Contact for pricing
11523 Carolina Place Pkwy, Pineville, NC 28134
Fully leased retail investment in a well-maintained 2001 building with monument or marquee signage available and a roof replacement.
Property Size20,160 SF
Price / SF$307.54
Days on Market395
Property Features for 11523 Carolina Place Pkwy
General Information
Standard status
Active
Size
20,160 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Cap Rate
7.15%
Corner Location
Yes
Building Details
Year Built
2001
Buildings
1
Tenancy
Multi
Listing Agency:
Queen City Commercial, LLC
(704) 503-9608
Listed By:
Shawn George
(704) 503-9608
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Jul 30
Last Checked: Jul 30 at 2:03AM
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 Queen City Commercial, LLC
Investment Insights
Based on property information with market context.
Fully leased retail investment property in a well-maintained building with quality tenant mix. The building was constructed in 2001 and includes monument or marquee signage. The roof has been replaced, supporting ongoing building maintenance.
The property is positioned on an excellent corner lot at the intersection of Park Road and Carolina Place Parkway in Pineville, NC. The site is presented as a retail corner location with strong visibility potential afforded by the intersection.
This offering is marketed as a prime Pineville Charlotte retail investment with a 7.15% cap rate and an established, fully leased operating profile.
The property is positioned on an excellent corner lot at the intersection of Park Road and Carolina Place Parkway in Pineville, NC. The site is presented as a retail corner location with strong visibility potential afforded by the intersection.
This offering is marketed as a prime Pineville Charlotte retail investment with a 7.15% cap rate and an established, fully leased operating profile.
Key Highlights
- Fully leased retail investment property
- Built in 2001; roof replaced
- Monument or marquee signage available
Financial Insights For Retail
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 | $362.9k | $18.00 |
| − Vacancy | −$10.2k | −$0.50 |
| EGI | $352.7k | $17.50 |
| − OpEx | −$105.8k | −$5.25 |
| NOI | $246.9k | $12.25 |
20,160 SF · lease $18.00/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.12M
NOI $246,904 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.51M
$5.70M – $7.60M
NOI $455,998 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
256k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 53%
Apparel 22%
Home Improvements & Furnishings 13%
Shops & Services 12%
Sam's Club
Superstores
94,739 visits/mo
0.2 miles
BJ's Wholesale Club
Superstores
40,063 visits/mo
0.1 miles
Dillard's
Apparel
35,841 visits/mo
0.4 miles
At Home
Home Improvements & Furnishings
25,665 visits/mo
0.1 miles
REI
Apparel
19,617 visits/mo
0.4 miles
Demographics for 28134, NC
12,411
Population
5,299
Households
2.3
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
1,495
Density / Sq Mi
$82,947
Median Household Income
$45,076
Median Earnings
$1,694
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail investment in a well-maintained 2001 building with monument or marquee signage available and a roof replacement.
Where is this retail space located?
The property is located at 11523 Carolina Place Pkwy Pineville, NC.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Fully leased retail investment property; Built in 2001; roof replaced; Monument or marquee signage available
