Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1605 Galleria Blvd Charlotte, NC 28270

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Charlotte, near Matthews, North Carolina.

    Property size:
    1,617 SF
    Lot size:
    1.56 Acres

    Property Features for 1605 Galleria Blvd

    General Information

    Size
    1,617 SF
    Lot size
    1.56 Acres

    We can help!

    Listing Contact
    Alyson O'laughlin
    Source: Moodyscre

    Listing Agent: Alyson O'laughlin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Charlotte, NC

    This retail space is located in Charlotte, North Carolina, near the suburb of Matthews. Situated along Monroe Road, the center benefits from high visibility and traffic counts. It is also located in close proximity to Sardis Road North and Independence Boulevard (US-74). The property offers a total area of 1617 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimmy John's Sandwich Shop Friendly Dental Dentist uBreakiFix - Phone and Computer ... Mobile Phone Repair Shop Matthews KnowledgePoints Tutoring Service

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7365712
    Latitude
    35.1351785

    Nearby Similar for Lease

    • $3,500 /Mo
      4,356 SF

      Industrial Flex Condo For Rent

      Updated industrial flex condo with office and warehouse space available.
      6128 Brookshire Blvd, Charlotte, NC 28216
      View Details
    • New
      $2,400 /Mo

      Office Space Near Arboretum

      Office space available for sublease in desirable Charlotte location.
      3121 Springbank Ln, Charlotte, NC 28226
      View Details
    • $3,500 /Mo
      21,780 SF

      Turnkey Office Space in Charlotte

      Renovated office space in Wesley Heights/Freemore West.
      1930 Freedom Dr, Charlotte, NC 28208
      View Details
    • $3,085 /Mo
      7,841 SF

      Office Building in Plaza Midwood

      Office building in the heart of Plaza Midwood, Charlotte, NC.
      1323 The Plz, Charlotte, NC 28205
      View Details
    • $3,950 /Mo
      5,227 SF

      Updated Office and Warehouse Space

      Updated office and warehouse with convenient access to downtown Charlotte.
      6128 Brookshire Blvd, Charlotte, NC 28216
      View Details
    • $4,026 /Mo
      4,356 SF

      Professional Office Space in Charlotte

      Ground floor offices with high visibility and ample parking.
      3703 Latrobe Dr, Charlotte, NC 28211
      View Details
    • $46,000
      352,836 SF

      Charlotte Industrial Flex Warehouse Opportunity

      63,000+/- sq ft warehouse near I-85 in Charlotte, NC.
      129 Dupree St, Charlotte, NC 28208
      View Details
    • $450 /Mo

      Office Space For Rent

      Office space available with Wi-Fi and parking included.
      415 E Woodlawn Rd, Charlotte, NC 28209
      View Details
    • $25 SF/Yr
      48,787 SF

      University City Office/Retail Building

      Two-story building in Charlotte with flexible suite options.
      7925 N Tryon St, Charlotte, NC 28262
      View Details
    • $2,300 /Mo
      348,480 SF

      Professional Office Suite in Charlotte

      Convenient office suite near Ballantyne with walkable amenities.
      10718 Carmel Cmns Blvd, Charlotte, NC 28226
      View Details
    • $1,200 /Mo
      217,364 SF

      University City Office Condos Available

      Office condos in University City with immediate occupancy and drive-up access.
      1909 J N Pease Pl, Charlotte, NC 28262
      View Details
    • $1,750 /Mo

      NODA Commercial Space For Lease

      Ground-floor commercial space in the Renaissance community, Charlotte, NC.
      3574 N Davidson St, Charlotte, NC 28205
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Charlotte, near Matthews, North Carolina.
    Where is this retail space located?
    The property is located at 1605 Galleria Blvd Charlotte, NC.
    What are key features of this property?
    This property features: - Excellent visibility on Monroe Rd.; - High traffic counts.; - Close to Sardis Road North.
    (704) 365-0820
    Request Owner's contact information
    1605 Galleria Blvd Charlotte, NC 28270
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1605 Galleria Blvd
    Charlotte, NC 28270
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1605 Galleria Blvd Charlotte, NC 28270
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alyson O'laughlin
    (704) 365-0820
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.