Two-Story Brick Office
New
For Sale
$1,900,000
1317 Tyvola Road, Charlotte, NC 28210
Professional office space positioned directly across from the LYNX Blue Line light rail.
Property Size4,300 SF
Price / SF$441.86
Days on Market5
Property Features for 1317 Tyvola Road
General Information
Standard status
Active
Size
4,300 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Office Units
1
Building Details
Year Built
1986
Stories
2
Construction
brick
Listing Agency:
HOWARD HANNA ALLEN TATE ROCK HILL
(803) 324-1185
Listed By:
SHERRI STINECIPHER
Source:
Corcoran
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 7:14AM
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 HOWARD HANNA ALLEN TATE ROCK HILL
Investment Insights
Based on property information with market context.
This office condo contains approximately 4,300 SF across two levels, with brick construction and a flexible layout suited to professional office operations. Built in 1986, the property offers a substantial commercial setting for an owner-user or investor seeking office space.
The building is located at 1317 Tyvola Road in Charlotte, NC, directly across from the LYNX Blue Line light rail. That placement provides a clearly identified transit connection for employees, clients, and visitors, while the two-story configuration supports a range of office arrangements.
The building is located at 1317 Tyvola Road in Charlotte, NC, directly across from the LYNX Blue Line light rail. That placement provides a clearly identified transit connection for employees, clients, and visitors, while the two-story configuration supports a range of office arrangements.
Key Highlights
- ±4,300 SF office condo
- Two‑story brick construction
- Directly across from the LYNX Blue Line light rail
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
$66,409
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
3.50%
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%
$1,328,180
$1.3M
Cap Rate 7%
$948,700
$948.7K
Cap Rate 9%
$737,878
$737.9K
Market Conditions
NOI Build-Up for 4,300 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
$107.3K $24.96/SF
− Vacancy
−$18.8K −$4.37/SF
EGI
$88.5K $20.59/SF
− OpEx
−$22.1K −$5.15/SF
NOI
$66.4K $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%
$1,328,180
Cap Rate 7%
$948,700
Cap Rate 9%
$737,878
Alternative Uses
Best Use
Office B
$948.7K
$830.1K – $1.11M
NOI $66,409 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,234 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 28210, NC
46,843
Population
22,376
Households
2.1
Avg Household Size
37
Median Age
60%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
3,778
Density / Sq Mi
$94,145
Median Household Income
$54,965
Median Earnings
$1,444
Median Rent
$486,000
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?
Office units - Professional office space positioned directly across from the LYNX Blue Line light rail.
Where is this office units located?
The property is located at 1317 Tyvola Road Charlotte, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: ±4,300 SF office condo; Two‑story brick construction; Directly across from the LYNX Blue Line light rail
