Single-Tenant Retail Showroom Corner
For Sale
Contact for pricing
Pending
14040 S Tryon St, Charlotte, NC 28278
One-story showroom with 18-foot clear height and ample parking on a corner site for retail or service use.
Property Size6,140 SF
Lot Size0.92 Acres
Days on Market60
Property Features for 14040 S Tryon St
General Information
Standard status
Pending
Size
6,140 SF
Class
B
Total Parking Spaces
38
Lot size
0.92 Acres
Property subtype
Retail
Zoning
General Commercial
Investment Type
Owner/User
Additional Details
Traffic Count
41,000 vehicles/day
Clear Height
18 ft
Building Details
Year Built
1975
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NewLeaf Commercial Real Estate, LLC
(704) 942-0983
Listed By:
Morgan Hamer · License #NC - 297378
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Jul 24 at 8:34AM
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 NewLeaf Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This one-story single-tenant retail showroom totals 6,140 SF and is built on a 0.920-acre corner lot. The space features 18-foot clear height and is designed for showroom-style merchandising. The site includes 38 surface parking spaces, supporting convenient customer access.
The property is positioned on a prominent corner at S Tryon Street and Shopton Road in Southwest Charlotte. It sits along a heavily traveled corridor connecting Rivergate/Steele Creek to Lake Wylie, providing strong visibility and straightforward access for passing traffic.
For buyers and operators, the vacant delivery within 90 days of closing supports an owner-user move-in timeline or a repositioning plan. The site is zoned CG – General Commercial, a district intended for general commercial development typically at key intersections or along arterial streets. The zoning framework is described as supportive of auto-oriented commercial uses while encouraging pedestrian and multi-modal improvements, making the property a fit for a range of retail, showroom, and service-oriented concepts.
The property is positioned on a prominent corner at S Tryon Street and Shopton Road in Southwest Charlotte. It sits along a heavily traveled corridor connecting Rivergate/Steele Creek to Lake Wylie, providing strong visibility and straightforward access for passing traffic.
For buyers and operators, the vacant delivery within 90 days of closing supports an owner-user move-in timeline or a repositioning plan. The site is zoned CG – General Commercial, a district intended for general commercial development typically at key intersections or along arterial streets. The zoning framework is described as supportive of auto-oriented commercial uses while encouraging pedestrian and multi-modal improvements, making the property a fit for a range of retail, showroom, and service-oriented concepts.
Key Highlights
- 6,140 SF one‑story single‑tenant retail showroom on a 0.920‑acre corner lot at S Tryon St and Shopton Rd
- 18‑foot clear height for retail/showroom use
- 38 surface parking spaces (6.19 per 1,000 SF)
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
$102,802
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
4.20%
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%
$2,056,040
$2.1M
Cap Rate 7%
$1,468,600
$1.5M
Cap Rate 9%
$1,142,244
$1.1M
Market Conditions
NOI Build-Up for 6,140 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
$151.0K $24.60/SF
− Vacancy
−$4.2K −$0.68/SF
EGI
$146.9K $23.92/SF
− OpEx
−$44.1K −$7.18/SF
NOI
$102.8K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,056,040
Cap Rate 7%
$1,468,600
Cap Rate 9%
$1,142,244
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.71M
NOI $102,802 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.39M
NOI $143,124 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
41,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
960
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Public Storage
Shops & Services
960 visits/mo
0.5 miles
Demographics for 28278, NC
33,426
Population
13,812
Households
2.4
Avg Household Size
37
Median Age
57%
College-Educated
95%
High-School Grad
28.8 sq mi
ZIP Area
1,161
Density / Sq Mi
$121,366
Median Household Income
$60,362
Median Earnings
$1,736
Median Rent
$413,400
Median Home Value
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - One-story showroom with 18-foot clear height and ample parking on a corner site for retail or service use.
Where is this showroom located?
The property is located at 14040 S Tryon St Charlotte, NC.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 6,140 SF one‑story single‑tenant retail showroom on a 0.920‑acre corner lot at S Tryon St and Shopton Rd; 18‑foot clear height for retail/showroom use; 38 surface parking spaces (6.19 per 1,000 SF)
