Professional Office Suite Near
For Sale
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130 North McDowell Street Suite D, Charlotte, NC 28204
Suite D offers a professional office setup with easy access to downtown services, the courthouse, and major transportation corridors.
Property Size1,514 SF
Price / SF$277.41
Days on Market104
Property Features for 130 North McDowell Street Suite D
General Information
Standard status
Active
Size
1,514 SF
Class
C
Property subtype
Office
Zoning
CAC
Occupancy
50%
Building Details
Year Built
1983
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Ryan Pilsy · License #NC
Source:
Crexi
Added: Jun 2
Changed: Sep 2
Last Checked: Sep 13 at 7:33AM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
Suite D at 130 N McDowell Street is a professional office suite suited to organizations that need a smaller-scale workspace outside the core high-rise district. The space totals 1,514 square feet and is positioned as a practical option for legal, consulting, financial, or other professional service users.
Located on the edge of Uptown Charlotte, the suite provides convenient access to the central business district and nearby Mecklenburg County Courthouse and government offices. The property also offers access to major transportation corridors, along with public transit and surrounding restaurants and business services.
For tenants or buyers seeking a dedicated office suite in a central Charlotte setting, Suite D supports a professional office environment with straightforward access to downtown and government-related destinations. Its placement outside the highest-density Uptown core may appeal to firms that want proximity to key employment and services while operating in a more modest office setting.
Located on the edge of Uptown Charlotte, the suite provides convenient access to the central business district and nearby Mecklenburg County Courthouse and government offices. The property also offers access to major transportation corridors, along with public transit and surrounding restaurants and business services.
For tenants or buyers seeking a dedicated office suite in a central Charlotte setting, Suite D supports a professional office environment with straightforward access to downtown and government-related destinations. Its placement outside the highest-density Uptown core may appeal to firms that want proximity to key employment and services while operating in a more modest office setting.
Key Highlights
- Professional office suite (Suite D) built in 1983
- Located on the edge of Uptown Charlotte with convenient access to the central business district
- Proximity to the Mecklenburg County Courthouse and government offices
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
$23,382
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
5.57%
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%
$467,640
$467.6K
Cap Rate 7%
$334,029
$334.0K
Cap Rate 9%
$259,800
$259.8K
Market Conditions
NOI Build-Up for 1,514 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
$37.8K $24.96/SF
− Vacancy
−$6.6K −$4.37/SF
EGI
$31.2K $20.59/SF
− OpEx
−$7.8K −$5.15/SF
NOI
$23.4K $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 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%
$467,640
Cap Rate 7%
$334,029
Cap Rate 9%
$259,800
Alternative Uses
Best Use
Office B
$334.0K
$292.3K – $389.7K
NOI $23,382 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.2K
$441.2K – $588.2K
NOI $35,292 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,681
Businesses Nearby
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Business Placement
Demographics for 28204, NC
9,411
Population
6,291
Households
1.5
Avg Household Size
31
Median Age
76%
College-Educated
96%
High-School Grad
1.8 sq mi
ZIP Area
5,228
Density / Sq Mi
$89,207
Median Household Income
$72,281
Median Earnings
$1,694
Median Rent
$576,900
Median Home Value
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Market
Vacancy Rate% for Office in Charlotte, NC
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Frequently Asked Questions
What type of property is this?
Office units - Suite D offers a professional office setup with easy access to downtown services, the courthouse, and major transportation corridors.
Where is this office units located?
The property is located at 130 North McDowell Street Suite D Charlotte, NC.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Professional office suite (Suite D) built in 1983; Located on the edge of Uptown Charlotte with convenient access to the central business district; Proximity to the Mecklenburg County Courthouse and government offices
