Newly Built Apartment
For Sale
$10,600,000
14801 Statesville Rd, Huntersville, NC 28078
Completed in 2025, the community offers studio, one-bedroom, and two-bedroom homes with contemporary finishes and detached garages.
Property Size41,190 SF
Days on Market9
Property Features for 14801 Statesville Rd
General Information
Standard status
Active
Size
41,190 SF
Class
B
Property subtype
MultiFamily Apartments
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
45
Amenities
stainless steel appliances
granite islands
individually metered utilities
detached garages
professionally maintained common areas
Building Details
Building Size
41,190 SF
Year Built
2025
Listing Agency:
eXp Commercial | Utah
(801) 762-9005
Listed By:
Paul Pursell
(801) 762-9005
Source:
Thebrokerlist
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 9 at 4:28AM
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 eXp Commercial | Utah
Investment Insights
Based on property information with market context.
This 45-unit apartment community was completed in 2025 and includes a mix of studio, one-bedroom, and two-bedroom residences ranging from approximately 479 to 904 square feet. Interior features include stainless steel appliances, granite islands, and individually metered utilities. Detached garages and professionally maintained common areas are also part of the property’s configuration.
The community is situated at 14801 Statesville Rd in Huntersville, along Statesville Road (US-21), with access to Interstate 77. The property is near Lake Norman, Birkdale Village, Uptown Charlotte, Charlotte Douglas International Airport, and major regional employment centers. The asset is in the final stages of lease-up, providing an operating community with occupancy still being established.
The community is situated at 14801 Statesville Rd in Huntersville, along Statesville Road (US-21), with access to Interstate 77. The property is near Lake Norman, Birkdale Village, Uptown Charlotte, Charlotte Douglas International Airport, and major regional employment centers. The asset is in the final stages of lease-up, providing an operating community with occupancy still being established.
Key Highlights
- 45‑unit apartment community completed in 2025
- Studio, one‑bedroom, and two‑bedroom floor plans from approximately 479 to 904 square feet
- Stainless steel appliances and granite islands
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
$308,783
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
2.91%
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%
$6,175,660
$6.2M
Cap Rate 7%
$4,411,186
$4.4M
Cap Rate 9%
$3,430,922
$3.4M
Market Conditions
NOI Build-Up for 41,190 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
$612.9K $14.88/SF
− Vacancy
−$51.5K −$1.25/SF
EGI
$561.4K $13.63/SF
− OpEx
−$252.6K −$6.13/SF
NOI
$308.8K $7.50/SF
Area
Mecklenburg County, NC
Vacancy
8.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$6,175,660
Cap Rate 7%
$4,411,186
Cap Rate 9%
$3,430,922
Alternative Uses
Best Use
Apartment 5plus
$4.41M
$3.86M – $5.15M
NOI $308,783 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.31M
$11.65M – $15.53M
NOI $931,674 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
45
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 28078, NC
67,863
Population
27,659
Households
2.5
Avg Household Size
37
Median Age
56%
College-Educated
97%
High-School Grad
63.7 sq mi
ZIP Area
1,065
Density / Sq Mi
$120,503
Median Household Income
$67,055
Median Earnings
$1,722
Median Rent
$441,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Completed in 2025, the community offers studio, one-bedroom, and two-bedroom homes with contemporary finishes and detached garages.
Where is this apartment building located?
The property is located at 14801 Statesville Rd Huntersville, NC.
What is the asking price?
The asking price for this property is $10,600,000.
What are key features of this property?
This property features: 45‑unit apartment community completed in 2025; Studio, one‑bedroom, and two‑bedroom floor plans from approximately 479 to 904 square feet; Stainless steel appliances and granite islands
