Loft-Style Office
For Sale
Contact for pricing
1900 Abbott St, Charlotte, NC 28203
Two-level workspace with a private office, open collaborative areas, and flexible division options.
Property Size1,816 SF
Price / SF$476.32
Days on Market11
Property Features for 1900 Abbott St
General Information
Standard status
Active
Size
1,816 SF
Net Rentable
1,816 SF
Property subtype
OFFICE
Zoning
TOD-MUDD
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$560.22
Building Details
Tenancy
Multi
Listing Agency:
Durkin Commercial Real Estate Advisors, LLC
Listed By:
Clay Durkin
(704) 858-4508
Source:
Moodyscre
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 14 at 9:42AM
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 Durkin Commercial Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This 1,816-square-foot office condo at Camden Square West offers a two-level layout with a loft-inspired interior, exposed-beam ceiling character, one private office, and several open areas for collaboration or future division. The unit is being offered without an existing tenancy or remaining lease term. A brand-new HVAC unit has been installed, and the property is zoned TOD-MUDD.
The multi-tenant office development is located in Charlotte’s Southend neighborhood, within walking distance of dining and entertainment options, the Light Rail Line’s east/west station, and nearby neighborhoods. Interstate access and uptown are also readily accessible. Parking includes an approximately 74-space interior lot, 10 free street spaces on private Abbott St., metered parking on public W. Worthington Ave. and Doggett St., plus a nearby paid parking deck for additional capacity.
The multi-tenant office development is located in Charlotte’s Southend neighborhood, within walking distance of dining and entertainment options, the Light Rail Line’s east/west station, and nearby neighborhoods. Interstate access and uptown are also readily accessible. Parking includes an approximately 74-space interior lot, 10 free street spaces on private Abbott St., metered parking on public W. Worthington Ave. and Doggett St., plus a nearby paid parking deck for additional capacity.
Key Highlights
- 1,816‑square‑foot office condo arranged across two levels
- Loft‑style interior with open‑beam ceiling character
- One private office plus multiple open collaborative areas
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
$28,046
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
3.24%
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%
$560,920
$560.9K
Cap Rate 7%
$400,657
$400.7K
Cap Rate 9%
$311,622
$311.6K
Market Conditions
NOI Build-Up for 1,816 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
$45.3K $24.96/SF
− Vacancy
−$7.9K −$4.37/SF
EGI
$37.4K $20.59/SF
− OpEx
−$9.3K −$5.15/SF
NOI
$28.0K $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 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%
$560,920
Cap Rate 7%
$400,657
Cap Rate 9%
$311,622
Alternative Uses
Best Use
Office B
$400.7K
$350.6K – $467.4K
NOI $28,046 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.7K
$529.1K – $705.5K
NOI $42,331 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 28203, NC
18,572
Population
11,641
Households
1.6
Avg Household Size
30
Median Age
80%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,991
Density / Sq Mi
$103,860
Median Household Income
$73,695
Median Earnings
$1,829
Median Rent
$708,600
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-level workspace with a private office, open collaborative areas, and flexible division options.
Where is this office units located?
The property is located at 1900 Abbott St Charlotte, NC.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 1,816‑square‑foot office condo arranged across two levels; Loft‑style interior with open‑beam ceiling character; One private office plus multiple open collaborative areas
