Cornelius Office Condo For
19701 Bethel Church Road #301 Cornelius, NC 28031
19701 Bethel Church Road #301, Cornelius, NC, 28031
$400,000
For Sale
$400,000
Versatile commercial office condo in prime Cornelius location.
Property Size1,412 SF
Price / SF$283.29
Days on Market194
Property Features for 19701 Bethel Church Road #301
General Information
- Standard status
- Active
- Size
- 1,412 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing agency
EXP REALTY LLC MOORESVILLE
(888) 584-9431
Listed by
JEFF ARZONICO
Source
Corcoran
Added: Jan 9 Updated: Jul 6 at 10:07AM Checked: Jul 22 at 9:28AM
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 EXP REALTY LLC MOORESVILLE
Investment Insights
Based on property information with market context.
This commercial office condo is located in a prime Cornelius location and offers convenient access to Highway 77, facilitating service to clients throughout the Lake Norman area. The 1412-square-foot unit features a functional two-room configuration, including two private offices and a large meeting room or open workspace. It also includes two bathrooms and a full kitchen. Previously used as a real estate office for a team of eight agents, the well-maintained unit is suitable for a range of uses. The unit is available fully furnished, offering a turnkey opportunity for immediate occupancy.
Key Highlights
- Prime Cornelius location with easy access to Highway 77, serving the Lake Norman area.
- Turnkey opportunity: Available fully furnished for immediate occupancy.
- Versatile commercial office condo suitable for various professional uses.
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 | $36.8k | $26.04 |
| − Vacancy | −$3.8k | −$2.66 |
| EGI | $33.0k | $23.38 |
| − OpEx | −$8.3k | −$5.85 |
| NOI | $24.8k | $17.54 |
1,412 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.8K
$309.6K – $412.7K
NOI $24,764 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.3K
$399.2K – $532.3K
NOI $31,938 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The UPS Store
Courier Service
Coastline Specialty Supply
Factory
Echelon Of Beauty
Hair Salon
IOGP, LLC : International ...
Theater & Performing Art Venue
FitzGerald Morrell
Department Store
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FAQs
What type of property is this?
Office units - Versatile commercial office condo in prime Cornelius location.
Where is this office units located?
The property is located at 19701 Bethel Church Road #301 Cornelius, NC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime Cornelius location with easy access to Highway 77, serving the Lake Norman area.; Turnkey opportunity: Available fully furnished for immediate occupancy.; Versatile commercial office condo suitable for various professional uses.
