Building Details

Year Built 1900

Stories 1

Listing Agency: Bertolina Commercial Real Estate Services Inc

Listed By: Ian Bertolina · License #NC 129379 Show Phone

Source: Crexi

Added: Aug 10, 2023 Changed: Sep 26 Last Checked: Oct 4 at 8:56AM

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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 Bertolina Commercial Real Estate Services Inc

Investment Insights

Based on property information with market context.

A retail space is available for sale. The property has a size of 2516 square feet.

Key Highlights

• No property information provided.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,888

Cap Rate

3.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$617,760 $617.8K

Cap Rate 7%

$441,257 $441.3K

Cap Rate 9%

$343,200 $343.2K

Market Conditions

NOI Build-Up for 2,516 SF

Gross rent

$47.7K $18.96/SF

− Vacancy

−$3.6K −$1.42/SF

EGI

$44.1K $17.54/SF

− OpEx

−$13.2K −$5.26/SF

NOI

$30.9K $12.28/SF

Area

Cabarrus County, NC

Vacancy

7.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$617,760

Cap Rate 7%

$441,257

Cap Rate 9%

$343,200

Alternative Uses

Best Use

Retail

$441.3K

$386.1K – $514.8K (±1% cap)

NOI $30,888 @ 7.0% cap · market cap 3.09%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$791.9K

$692.9K – $923.9K (±1% cap)

NOI $55,433 @ 7.0% cap · market cap 5.54%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Building Supply Restaurant Pharmacy HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

208

Businesses Nearby

107k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Groceries 32% Dining 20% Beauty & Spa 2%

Harris Teeter Groceries

34,717 visits/mo 0.4 miles

QuikTrip Shops & Services

30,014 visits/mo 0.5 miles

East Coast Wings & Grill Dining

9,193 visits/mo 0.4 miles

Popeyes Louisiana Kitchen Dining

7,932 visits/mo 0.4 miles

Autobell Car Wash Shops & Services

4,693 visits/mo 0.2 miles

Demographics for 28075, NC

21,366

Population

6,840

Households

3.1

Avg Household Size

39

Median Age

55%

College-Educated

95%

High-School Grad

21.1 sq mi

ZIP Area

1,013

Density / Sq Mi

$140,739

Median Household Income

$61,529

Median Earnings

$2,257

Median Rent

$444,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for purchase.

Where is this retail space located?

The property is located at 12095 University City Blvd Harrisburg, NC.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: No property information provided.