Retail Investment Property with Corner
For Sale
Contact for pricing
Pending
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
Days on Market441
Property Features for 11523 Carolina Place Pkwy
General Information
Standard status
Pending
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
Listed By:
Shawn George · License #274896
(704) 503-9608
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Sep 10
Last Checked: Sep 13 at 7:50AM
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
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
$246,904
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
4.12%
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%
$4,938,080
$4.9M
Cap Rate 7%
$3,527,200
$3.5M
Cap Rate 9%
$2,743,378
$2.7M
Market Conditions
NOI Build-Up for 20,160 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
$362.9K $18.00/SF
− Vacancy
−$10.2K −$0.50/SF
EGI
$352.7K $17.50/SF
− OpEx
−$105.8K −$5.25/SF
NOI
$246.9K $12.25/SF
Area
Mecklenburg County, NC
Vacancy
2.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,938,080
Cap Rate 7%
$3,527,200
Cap Rate 9%
$2,743,378
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.12M
NOI $246,904 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.51M
$5.70M – $7.60M
NOI $455,998 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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 $6,000,000.
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
