Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2400 Little Rock Rd Charlotte, NC 28214

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former Walgreens location near Charlotte Douglas Airport, 11,189 SF.

    Property size:
    2 SF
    Lot size:
    2 SF

    Property Features for 2400 Little Rock Rd

    General Information

    Standard status
    Active
    Size
    2 SF

    We can help!

    Listing Contact
    Katherine Southard
    Source: Cbre

    Listing Agency: CBRE | Charlotte Listing Agent: Katherine Southard

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

    Learn more

    Overview

    Retail Space Near Airport

    This commercial property, formerly a Walgreens, is available for rent. The property is located in close proximity to Charlotte Douglas Airport. Constructed in 1998, the building has an approximate area of 11,189 square feet and is situated on approximately 2.167 acres. The Mecklenburg County Parcel ID is 05534112.
    Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Western Union Bank higi Physician Walgreens Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel

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

    Similar Places Nearby

    Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, Chad Mathews, James P. Magee, PharmD

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9377641
    Latitude
    35.2467252

    Nearby Similar for Lease

    • $1,700 /Mo

      NoDa Commercial Space For Lease

      Rare commercial space in vibrant NoDa Arts District.
      3536 N Davidson St, Charlotte, NC 28205
      View Details
    • $2,550 /Mo

      Charlotte Office Space For Rent

      Office space available in a highly desirable Charlotte location.
      3121 Springbank Ln, Charlotte, NC 28226
      View Details
    • $6,500 /Mo
      14,418 SF

      Commercial Space Zoned I-2

      Commercial space ideal for automotive repairs with drive-in access.
      2839 Sparta Ave, Charlotte, NC 28208
      View Details
    • New
      $3,000 /Mo
      4,356 SF

      Updated Industrial Flex Condo

      Industrial flex condo with office and warehouse space for rent.
      6128 Brookshire Blvd, Charlotte, NC 28216
      View Details
    • $1,550 /Mo
      10,454 SF

      Versatile Commercial Space in Charlotte

      High-visibility commercial space suitable for retail, office, or medical use.
      4625 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • $2,975 /Mo
      21,780 SF

      Renovated Turnkey Office Space

      Turnkey office space in central Wesley Heights/Freemore West location.
      1930 Freedom Dr, Charlotte, NC 28208
      View Details
    • $1,550 /Mo
      11,761 SF

      Prime Commercial Space Available

      Well-located commercial space ideal for retail, office, or medical use.
      4631 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • $1,300 /Mo

      Remodeled Office Suite in Charlotte

      Newly remodeled office suite in South Charlotte near I-485.
      10801 Johnston Rd, Charlotte, NC 28226
      View Details
    • New
      $3,600 /Mo

      Tryon Plaza Office Space

      Office space available in Tryon Plaza, Charlotte.
      112 S Tryon St, Charlotte, NC 28202
      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
    • $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
    • $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

    FAQs

    What type of property is this?
    Drug store - Former Walgreens location near Charlotte Douglas Airport, 11,189 SF.
    Where is this drug store located?
    The property is located at 2400 Little Rock Rd Charlotte, NC.
    What are key features of this property?
    This property features: - Great location near Charlotte Douglas Airport; - Approx. 2.167 Acres; - Approx. 11,189 SF building
    (704) 661-3165
    Request Owner's contact information
    2400 Little Rock Rd Charlotte, NC 28214
    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.
    2400 Little Rock Rd
    Charlotte, NC 28214
    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
    2400 Little Rock Rd Charlotte, NC 28214
    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
    Katherine Southard
    Real Estate License ID: 313498
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!