LoSo Flex Property For
For Sale
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130 Southside Dr, Charlotte, NC 28217
8,330 SF flex property in rapidly growing LoSo submarket.
Property Size8,330 SF
Price / SF$467.59
Days on Market168
Property Features for 130 Southside Dr
General Information
Standard status
Active
Size
8,330 SF
Property subtype
Industrial, Office, Retail
Zoning
I-2
Building Details
Year Renovated
2017
Buildings
1
Stories
1
Listing Agency:
Ascent Real Estate Partners
Listed By:
Aaron Ligon · License #NC 255491
Source:
Crexi
Added: Feb 23
Changed: Aug 7
Last Checked: Aug 10 at 6:28AM
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
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 = 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
$139,469
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
3.58%
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%
$2,789,380
$2.8M
Cap Rate 7%
$1,992,414
$2.0M
Cap Rate 9%
$1,549,656
$1.5M
Market Conditions
NOI Build-Up for 8,330 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
$204.9K $24.60/SF
− Vacancy
−$5.7K −$0.68/SF
EGI
$199.2K $23.92/SF
− OpEx
−$59.8K −$7.18/SF
NOI
$139.5K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,789,380
Cap Rate 7%
$1,992,414
Cap Rate 9%
$1,549,656
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,469 @ 7.0% cap · market cap 3.58%
Second Best
Office B
$1.84M
$1.61M – $2.14M
NOI $128,649 @ 7.0% cap · market cap 3.30%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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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.
