Urban Infill Commercial
For Sale
Contact for pricing
1414-1416 W Trade Street, Charlotte, NC 28212
Rezoned TOD-NC site includes an existing commercial building and supports mixed-use development.
Property Size5,095 SF
Price / SF$502.45
Days on Market19
Property Features for 1414-1416 W Trade Street
General Information
Standard status
Active
Size
5,095 SF
Class
C
Property subtype
Retail, Land
Zoning
TOD-NC
Investment Type
Redevelopment
Building Details
Year Built
1984
Buildings
1
Stories
1
Units
1
Listing Agency:
NewLeaf Commercial Real Estate, LLC
(704) 942-0983
Listed By:
Morgan Hamer · License #NC - 297378
Source:
Crexi
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 9 at 12:15PM
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 ±0.451-acre commercial land parcel includes an existing approximately 5,095-square-foot commercial building constructed in 1984. The site has been rezoned to TOD-NC, supporting higher-density mixed-use development with multifamily, retail, office, and restaurant uses. A prior development concept contemplated apartments over a two-level parking garage, while the property’s stated highest and best use is multifamily development with potential complementary commercial space.
The property is located at 1414-1416 W Trade Street in Charlotte, approximately 500 feet from the Wesley Heights CityLYNX Gold Line station. It offers access to West Trade Street and I-77 and is positioned immediately west of Uptown Charlotte. The surrounding context includes historic Biddleville, Wesley Heights, Bank of America Stadium, Truist Field, Johnson C. Smith University, and Uptown restaurants, hotels, offices, entertainment venues, and retail.
The property is located at 1414-1416 W Trade Street in Charlotte, approximately 500 feet from the Wesley Heights CityLYNX Gold Line station. It offers access to West Trade Street and I-77 and is positioned immediately west of Uptown Charlotte. The surrounding context includes historic Biddleville, Wesley Heights, Bank of America Stadium, Truist Field, Johnson C. Smith University, and Uptown restaurants, hotels, offices, entertainment venues, and retail.
Key Highlights
- ±0.451‑acre commercial land parcel with an existing building
- Existing commercial building contains approximately 5,095 square feet
- TOD‑NC zoning supports multifamily, retail, office, and restaurant uses
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
$85,306
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
3.33%
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%
$1,706,120
$1.7M
Cap Rate 7%
$1,218,657
$1.2M
Cap Rate 9%
$947,844
$947.8K
Market Conditions
NOI Build-Up for 5,095 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
$125.3K $24.60/SF
− Vacancy
−$3.5K −$0.68/SF
EGI
$121.9K $23.92/SF
− OpEx
−$36.6K −$7.18/SF
NOI
$85.3K $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%
$1,706,120
Cap Rate 7%
$1,218,657
Cap Rate 9%
$947,844
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,306 @ 7.0% cap · market cap 3.33%
Second Best
Mixed Use
$1.08M
$945.8K – $1.26M
NOI $75,661 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,765 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,884
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 88%
Dining 8%
Shops & Services 4%
Charlotte Marriott City Center
Hotels & Casinos
28,103 visits/mo
0.1 miles
Hyatt House Charlotte/Center City
Hotels & Casinos
24,074 visits/mo
0.3 miles
Residence Inn by Marriott Charlotte Uptown
Hotels & Casinos
17,703 visits/mo
0.3 miles
Hyatt Place Charlotte Downtown
Hotels & Casinos
17,621 visits/mo
0.3 miles
Embassy Suites By Hilton Charlotte Uptown
Hotels & Casinos
17,151 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Rezoned TOD-NC site includes an existing commercial building and supports mixed-use development.
Where is this commercial land located?
The property is located at 1414-1416 W Trade Street Charlotte, NC.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: ±0.451‑acre commercial land parcel with an existing building; Existing commercial building contains approximately 5,095 square feet; TOD‑NC zoning supports multifamily, retail, office, and restaurant uses
