Three-Office Professional
New
For Sale
Contact for pricing
1230 W Morehead Street #202, Charlotte, NC 28208
A reception area, kitchenette, and on-site parking support day-to-day office use.
Property Size1,927 SF
Days on Market6
Property Features for 1230 W Morehead Street #202
General Information
Standard status
Active
Size
1,927 SF
Property subtype
Office
Space & Availability
Floor
2
Condition
Move-in Ready
Site & Location
Neighborhood
West Inner
Additional Details
Property Use
Office
Amenities
Additional parcels description:, Parcel Number: 07324432, Assessed Value: $412,300
Listing ID: CAR4437911, Standard Status: Active, MLS Status: Active, Property Subtype: Office
Other Parking: Building tenants have on site access to parking, Parking Lot
Built in 1927
County/Parish: Mecklenburg
Electricity, Internet
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,927 SF
Year Built
1927
Listing Agency:
Fifth Broker Inc.
(855) 523-4782
Listed By:
Karl VanderWaerden
(248) 506-1826
Source:
Blackstreaminternational
Added: Oct 27
Changed: Oct 30
Last Checked: Nov 1 at 5:34AM
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 Fifth Broker Inc.
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Investment Insights
Based on property information with market context.
Located on the second floor at 1230 W Morehead Street, Suite 202, this office space includes a reception area, three private offices, and a kitchenette. The building dates to 1927 and has been converted to professional office use.
The property is adjacent to Uptown Charlotte and includes on-site parking.
The property is adjacent to Uptown Charlotte and includes on-site parking.
Key Highlights
- Three offices plus a reception area and kitchenette
- Second‑floor suite at 1230 W Morehead Street, Suite 202
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,761
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,220
$595.2K
Cap Rate 7%
$425,157
$425.2K
Cap Rate 9%
$330,678
$330.7K
Market Conditions
NOI Build-Up for 1,927 SF
Gross rent
$48.1K $24.96/SF
− Vacancy
−$8.4K −$4.37/SF
EGI
$39.7K $20.59/SF
− OpEx
−$9.9K −$5.15/SF
NOI
$29.8K $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%
$595,220
Cap Rate 7%
$425,157
Cap Rate 9%
$330,678
Alternative Uses
Best Use
Office B
$425.2K
$372.0K – $496.0K
NOI $29,761 @ 7.0% cap · market cap 787.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.7K
$561.5K – $748.7K
NOI $44,919 @ 7.0% cap · market cap 1,188.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
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Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, kitchenette, and on-site parking support day-to-day office use.
Where is this office unit located?
The property is located at 1230 W Morehead Street #202 Charlotte, NC.
What are key features of this property?
This property features: Three offices plus a reception area and kitchenette; Second‑floor suite at 1230 W Morehead Street, Suite 202; On‑site parking
