Industrial
For Sale
$2,250,000
1033 Berryhill Rd, Charlotte, NC 28208
Industrial property with an established construction date and a 14,000 reported property size.
Property Size14,000 SF
Days on Market167
Property Features for 1033 Berryhill Rd
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Commercial
Building Details
Building Size
14,000 SF
Year Built
1952
Listing Agency:
Matthews
Listed By:
David Bennett · License #361829 (NC)
(980) 443-2962
Source:
Matthews
Added: Apr 24
Changed: Oct 7
Last Checked: Oct 7 at 8:27AM
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 Matthews
Investment Insights
Based on property information with market context.
This industrial property at 1033 Berryhill Rd in Charlotte, North Carolina, was built in 1952. The property information reports a size of 14,000, with no unit of measurement specified.
Key Highlights
- 14,000 reported property size
- Built in 1952
- Located at 1033 Berryhill Rd, Charlotte, NC 28208
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,943
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,858,860
$2.9M
Cap Rate 7%
$2,042,043
$2.0M
Cap Rate 9%
$1,588,256
$1.6M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$218.4K $15.60/SF
− Vacancy
−$14.2K −$1.01/SF
EGI
$204.2K $14.59/SF
− OpEx
−$61.3K −$4.38/SF
NOI
$142.9K $10.21/SF
Area
Charlotte, NC
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,858,860
Cap Rate 7%
$2,042,043
Cap Rate 9%
$1,588,256
Alternative Uses
Best Use
Industrial
$2.04M
$1.79M – $2.38M
NOI $142,943 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.08M – $5.44M
NOI $326,342 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
726
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Charlotte, NC
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with an established construction date and a 14,000 reported property size.
Where is this industrial property located?
The property is located at 1033 Berryhill Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 14,000 reported property size; Built in 1952; Located at 1033 Berryhill Rd, Charlotte, NC 28208
