Furnished Office Condo with
For Sale
$400,000
19701 Bethel Church Road # 301, Cornelius, NC 28031
Two private offices, meeting space, bathrooms, and a full kitchen support daily operations.
Property Size1,412 SF
Price / SF$283.29
Days on Market78
Property Features for 19701 Bethel Church Road # 301
General Information
Standard status
Active
Size
1,412 SF
Property subtype
Commercial
Amenities
Tile,Vinyl
2
No
Equipment,Fixtures,Other
City
Parking Lot
Paved
Slab
1412
Publicly Maintained Road
Building Details
Year Built
2002
Listing Agency:
Wallace Realty
(864) 242-6650
Listed By:
Meredith Dixon
(864) 420-2500
Source:
Cdanjoyner
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 14 at 9:05PM
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 Wallace Realty
Investment Insights
Based on property information with market context.
This 1,412-square-foot office condo provides a practical configuration for professional business operations. The interior includes two private offices, a larger meeting room or open work area, two bathrooms, and a full kitchen. The unit is available fully furnished, and its prior configuration served an eight-agent real estate team.
Built in 2002, the property is in Cornelius with access to Highway 77 and the broader Lake Norman area. The office is available for purchase or lease, offering flexibility for an owner-user or occupant seeking an established workspace arrangement.
Built in 2002, the property is in Cornelius with access to Highway 77 and the broader Lake Norman area. The office is available for purchase or lease, offering flexibility for an owner-user or occupant seeking an established workspace arrangement.
Key Highlights
- 1,412 SF office condo
- Two private offices plus meeting room or open workspace
- Two bathrooms and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,764
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,280
$495.3K
Cap Rate 7%
$353,771
$353.8K
Cap Rate 9%
$275,156
$275.2K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$36.8K $26.04/SF
− Vacancy
−$3.8K −$2.66/SF
EGI
$33.0K $23.38/SF
− OpEx
−$8.3K −$5.85/SF
NOI
$24.8K $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%
$495,280
Cap Rate 7%
$353,771
Cap Rate 9%
$275,156
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,635
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
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Frequently Asked Questions
What type of property is this?
Office units - Two private offices, meeting space, bathrooms, and a full kitchen support daily operations.
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: 1,412 SF office condo; Two private offices plus meeting room or open workspace; Two bathrooms and a full kitchen
