Energy-Efficient Office
For Sale
$1,050,000
5513 Monroe Rd, Charlotte, NC 28212
Updated building systems include LED lighting, newer HVAC, a rooftop solar array, and tankless hot water.
Property Size2,914 SF
Price / SF$360.33
Days on Market65
Property Features for 5513 Monroe Rd
General Information
Standard status
Active
Size
2,914 SF
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
Take Flight Properties
Listed By:
Henry Blanton
(704) 763-2051
Source:
Thejaywhiteteam
Added: Aug 6
Changed: Oct 2
Last Checked: Oct 5 at 9:32PM
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 Take Flight Properties
Investment Insights
Based on property information with market context.
This 2,914 SF office building, constructed in 1981, occupies its entire parcel and includes an ownership interest in the business complex’s common areas based on its proportionate share of heated SF. Building systems include LED lighting, newer HVAC equipment, an instant tankless hot water system, and a solar array installed on the roof.
The property is located at 5513 Monroe Rd in Charlotte, North Carolina. Common-area services include management, parking lot lighting, water and sewer, dumpster service, landscape maintenance, and owner-approved reserves. Existing leases have terms ranging from 6 months to 3 years.
The property is located at 5513 Monroe Rd in Charlotte, North Carolina. Common-area services include management, parking lot lighting, water and sewer, dumpster service, landscape maintenance, and owner-approved reserves. Existing leases have terms ranging from 6 months to 3 years.
Key Highlights
- 2,914 SF office building constructed in 1981
- Entire parcel included with proportionate common‑area ownership interest
- LED lighting, newer HVAC systems, and instant tankless hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,004
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,080
$900.1K
Cap Rate 7%
$642,914
$642.9K
Cap Rate 9%
$500,044
$500.0K
Market Conditions
NOI Build-Up for 2,914 SF
Gross rent
$72.7K $24.96/SF
− Vacancy
−$12.7K −$4.37/SF
EGI
$60.0K $20.59/SF
− OpEx
−$15.0K −$5.15/SF
NOI
$45.0K $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 Rate 5%
$900,080
Cap Rate 7%
$642,914
Cap Rate 9%
$500,044
Alternative Uses
Best Use
Office B
$642.9K
$562.6K – $750.1K
NOI $45,004 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$970.4K
$849.1K – $1.13M
NOI $67,926 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Demographics for 28212, NC
41,009
Population
17,417
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
4,458
Density / Sq Mi
$51,530
Median Household Income
$35,596
Median Earnings
$1,274
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charlotte, NC
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Frequently Asked Questions
What type of property is this?
Office building - Updated building systems include LED lighting, newer HVAC, a rooftop solar array, and tankless hot water.
Where is this office building located?
The property is located at 5513 Monroe Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,914 SF office building constructed in 1981; Entire parcel included with proportionate common‑area ownership interest; LED lighting, newer HVAC systems, and instant tankless hot water
