LoSo Flex Property For
130 Southside Dr, Charlotte, NC 28217
For Sale
Contact for pricing
8,330 SF flex property in rapidly growing LoSo submarket.
Property Size8,330 SF
Price / SF$467.59
Days on Market265
Property Features for 130 Southside Dr
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Renovated
Buildings
Stories
Listing Agency:
Ascent Real Estate Partners
Listed By:
Aaron Ligon · License NC #255491
Source:
Crexi
Added: Feb 23
Changed: Nov 5
Last Checked: Nov 12 at 5:38AM
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 Ascent Real Estate Partners
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Investment Insights
Based on property information with market context.
Located at 130 Southside Dr in Charlotte, NC, this 8,330 SF flex property is situated in the rapidly growing "LoSo" Lower South End submarket. The property, renovated in 2017/18, offers access off of Old Pineville Rd, and is near the Scaleybark Station on the LYNX Blue Line. The surrounding area includes a mix of retail, breweries, and restaurants. Over 5,000 planned or recently delivered apartment units are located within 0.5 miles of the property. It is suited for showroom, office, or retail use.
Key Highlights
- Located in the rapidly growing "LoSo" (Lower South End) submarket.
- Excellent access off Old Pineville Rd, near the Scaleybark Station on the LYNX Blue Line.
- Surrounded by a mix of retail, breweries, and restaurants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,701
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,474,020
$2.5M
Cap Rate 7%
$1,767,157
$1.8M
Cap Rate 9%
$1,374,456
$1.4M
Market Conditions
NOI Build-Up for 8,330 SF
Gross rent
$219.9K $26.40/SF
− Vacancy
−$22.0K −$2.64/SF
EGI
$197.9K $23.76/SF
− OpEx
−$74.2K −$8.91/SF
NOI
$123.7K $14.85/SF
Area
Charlotte, NC
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,474,020
Cap Rate 7%
$1,767,157
Cap Rate 9%
$1,374,456
Alternative Uses
Best Use
Mixed Use
$1.77M
$1.55M – $2.06M
NOI $123,701 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.24M
NOI $194,173 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
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Business Placement
Demographics for 28217, NC
28,955
Population
13,615
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
14.9 sq mi
ZIP Area
1,943
Density / Sq Mi
$60,397
Median Household Income
$37,338
Median Earnings
$1,498
Median Rent
$238,500
Median Home Value
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Market
Properties on Market for Mixed-use properties in Mecklenburg County
Frequently Asked Questions
What type of property is this?
Mixed-use property - 8,330 SF flex property in rapidly growing LoSo submarket.
Where is this mixed-use property located?
The property is located at 130 Southside Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Located in the rapidly growing "LoSo" (Lower South End) submarket.; Excellent access off Old Pineville Rd, near the Scaleybark Station on the LYNX Blue Line.; Surrounded by a mix of retail, breweries, and restaurants.
