Multi-Office
New
For Sale
$349,000
18515 Statesville Road #C1, Cornelius, NC 28031
Six private offices, a lobby, kitchen area, and bathroom make up the existing professional-office layout.
Property Size1,996 SF
Price / SF$232.67
Days on Market4
Property Features for 18515 Statesville Road #C1
General Information
Standard status
Active
Size
1,996 SF
Property subtype
Business
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 005-412-22, Assessed Value: $247,000
Vinyl
Central Air
Natural Gas
Listing ID: CAR4435962, Standard Status: Active, MLS Status: Active, Property Subtype: Business, Special Conditions: None
Other Parking: Parking Lot with ample parking., Parking Lot
Built in 1996, Construction Materials: Block
County/Parish: Mecklenburg
Water Source: City
Slab
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,996 SF
Year Built
1996
Listing Agency:
One Ten Realty Co LLC
(704) 231-5085
Listed By:
Scott Robitzer
(864) 920-0303
Source:
Blackstreaminternational
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:07AM
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 One Ten Realty Co LLC
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office condo was built in 1996 and is arranged with six offices of approximately 100–125 square feet each. A lobby, kitchen area, and bathroom complete the interior configuration. The current setup is professional office space, and the layout can be adapted to suit different operational needs.
The unit is at 18515 Statesville Road in Park 21 Business Park, Cornelius, North Carolina.
The unit is at 18515 Statesville Road in Park 21 Business Park, Cornelius, North Carolina.
Key Highlights
- 1,500‑square‑foot office condo
- Six offices, approximately 100–125 square feet each
- Lobby, kitchen area, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,307
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,140
$526.1K
Cap Rate 7%
$375,814
$375.8K
Cap Rate 9%
$292,300
$292.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$4.0K −$2.66/SF
EGI
$35.1K $23.38/SF
− OpEx
−$8.8K −$5.85/SF
NOI
$26.3K $17.54/SF
Area
Mecklenburg County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,140
Cap Rate 7%
$375,814
Cap Rate 9%
$292,300
Alternative Uses
Best Use
Office B
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.7K
$424.1K – $565.5K
NOI $33,928 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 28031, NC
30,836
Population
14,194
Households
2.2
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
14.0 sq mi
ZIP Area
2,203
Density / Sq Mi
$115,746
Median Household Income
$65,377
Median Earnings
$1,587
Median Rent
$497,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Six private offices, a lobby, kitchen area, and bathroom make up the existing professional-office layout.
Where is this office unit located?
The property is located at 18515 Statesville Road #C1 Cornelius, NC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,500‑square‑foot office condo; Six offices, approximately 100–125 square feet each; Lobby, kitchen area, and bathroom
