Office
For Sale
Contact for pricing
1307 W Morehead St, Charlotte, NC 28208
Office units near restaurants with easy freeway access in Midtown/FreeMoreWest.
Property Size3,452 SF
Price / SF$462.05
Days on Market248
Property Features for 1307 W Morehead St
General Information
Standard status
Active
Size
3,452 SF
Property subtype
OFFICE
Additional Details
Furnished
No
HOA Fee
$907.59
Highway Access
Yes
Listing Agency:
Bertolina Commercial Real Estate Services, Inc.
(704) 333-9881
Listed By:
Ian Bertolina · License #129379
(704) 333-9881
Source:
Moodyscre
Added: Dec 5, 2025
Changed: Jul 30
Last Checked: Aug 10 at 10:31AM
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 Bertolina Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This office units property offers a total of 3,452 SF. The remarks reference two units, with shared expenses discussed in the context of historical designation and insurance.
The property is described as having easy freeway access and being surrounded by many restaurants. It is also tied to the Midtown/FreeMoreWest area and is near the planned Iron District.
The property’s historic designation is noted, including that half of property taxes are deferred due to the historical designation, while the remaining taxes are described as non-deferred. Property conditions are subject to verification by interested parties, and interior images are described as for idea purposes only, with furniture not included with lease or sale.
The property is described as having easy freeway access and being surrounded by many restaurants. It is also tied to the Midtown/FreeMoreWest area and is near the planned Iron District.
The property’s historic designation is noted, including that half of property taxes are deferred due to the historical designation, while the remaining taxes are described as non-deferred. Property conditions are subject to verification by interested parties, and interior images are described as for idea purposes only, with furniture not included with lease or sale.
Key Highlights
- Total building size: 3,452 SF
- Remarks reference two units
- Easy freeway access
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
$53,313
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
3.34%
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%
$1,066,260
$1.1M
Cap Rate 7%
$761,614
$761.6K
Cap Rate 9%
$592,367
$592.4K
Market Conditions
NOI Build-Up for 3,452 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
$86.2K $24.96/SF
− Vacancy
−$15.1K −$4.37/SF
EGI
$71.1K $20.59/SF
− OpEx
−$17.8K −$5.15/SF
NOI
$53.3K $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%
$1,066,260
Cap Rate 7%
$761,614
Cap Rate 9%
$592,367
Alternative Uses
Best Use
Office B
$761.6K
$666.4K – $888.6K
NOI $53,313 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,467 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office units near restaurants with easy freeway access in Midtown/FreeMoreWest.
Where is this office units located?
The property is located at 1307 W Morehead St Charlotte, NC.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Total building size: 3,452 SF; Remarks reference two units; Easy freeway access
