Tenant-Occupied Office
1905 J N Pease Place Charlotte, NC 28262
1905 J N Pease Place, Charlotte, NC, 28262
Contact for pricing
For Sale
Contact for pricing
Two leased office condo units are offered together, each zoned Research Campus (RC) with on-site parking.
Property Size1,984 SF
Price / SF$264.06
Days on Market73
Property Features for 1905 J N Pease Place
General Information
- Standard status
- Active
- Size
- 1,984 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Carolina Realty Advisors
(704) 442-1774
Listed by
Rob Cassam
Source
Crexi
Added: May 12 Updated: Jul 22 at 7:51PM Checked: Jul 22 at 7:51PM
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 Carolina Realty Advisors
Investment Insights
Based on property information with market context.
For sale is a two-unit, tenant-occupied office condo package. The offering includes 1913-201 and 1905-104, both leased to established businesses. 1913-201 has been leased to a primary care physician practice since 2014, and 1905-104 has been leased to an IT staffing and consulting business since 2022, with solid rent histories for both tenants.
Both units are located in the University City area and are zoned Research Campus (RC). The property provides ample parking, estimated at ±5 spaces per 1,000 SF, and is positioned near Interstate 85 for convenient access to major transit routes and surrounding amenities.
This package presents a straightforward configuration for an investor or business seeking a leased office condo arrangement within a Research Campus zoning classification.
Both units are located in the University City area and are zoned Research Campus (RC). The property provides ample parking, estimated at ±5 spaces per 1,000 SF, and is positioned near Interstate 85 for convenient access to major transit routes and surrounding amenities.
This package presents a straightforward configuration for an investor or business seeking a leased office condo arrangement within a Research Campus zoning classification.
Key Highlights
- Two tenant‑occupied office condo units sold together as an investment package
- Year built 2002; both units are leased and include on‑site parking
- Both units are zoned Research Campus (RC): 1913‑201 and 1905‑104
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.5k | $24.96 |
| − Vacancy | −$8.7k | −$4.37 |
| EGI | $40.9k | $20.59 |
| − OpEx | −$10.2k | −$5.15 |
| NOI | $30.6k | $15.44 |
1,984 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 5.85%
Second Best
Healthcare Medical
$392.1K
$343.1K – $457.5K
NOI $27,448 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$660.7K
$578.1K – $770.8K
NOI $46,247 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Carmen Davis
Counselor
Clear Creek Counseling ...
Counselor
Mallard Creek Chiropractic ...
Alternative Medicine Practice
Memorie MacLeod, MS, ...
Marriage Or Relationship Counselor
Sprydo Systems LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two leased office condo units are offered together, each zoned Research Campus (RC) with on-site parking.
Where is this office units located?
The property is located at 1905 J N Pease Place Charlotte, NC.
What is the asking price?
The asking price for this property is $523,900.
What are key features of this property?
This property features: Two tenant‑occupied office condo units sold together as an investment package; Year built 2002; both units are leased and include on‑site parking; Both units are zoned Research Campus (RC): 1913‑201 and 1905‑104
