First-Floor Office
For Sale
Contact for pricing
20462 Chartwell Center Drive, Cornelius, NC 28031
First-floor office suite with three private offices, a large conference room, and a break room.
Property Size1,989 SF
Price / SF$1.67
Days on Market96
Property Features for 20462 Chartwell Center Drive
General Information
Standard status
Active
Size
1,989 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 005-273-22, Assessed Value: $298,300
Laminate
Central Air
Central
Listing ID: CAR4404581, Standard Status: Active, MLS Status: Active, Property Subtype: Office
Other Parking: Shared parking lot in front of building. 4-5 allocated to each space
Built in 1989
County/Parish: Mecklenburg
Cable Available, Water Source: City
All except water
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Two or More Access Exits
Building Details
Building Size
1,989 SF
Year Built
1989
Listing Agency:
Newport Properties
(704) 663-7779
Listed By:
Kimberly Thaxton · License #201151
(704) 564-4333
Source:
Blackstreaminternational
Added: Jul 17
Changed: Oct 19
Last Checked: Oct 19 at 10:02AM
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 Newport Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Approximately a 1,200-square-foot first-floor office suite in Cornelius. The space includes three private offices plus a large conference room and a break room, offering a practical layout for day-to-day office use.
The suite is near the post office and close to Hwy 77 on exit 28, supporting convenient access for employees and visitors.
The office is currently tenant occupied and will be available after Sept. 30, 2026. Rent is listed at $2,000 per month and includes CAM and taxes. Call for showing.
The suite is near the post office and close to Hwy 77 on exit 28, supporting convenient access for employees and visitors.
The office is currently tenant occupied and will be available after Sept. 30, 2026. Rent is listed at $2,000 per month and includes CAM and taxes. Call for showing.
Key Highlights
- Approximately 1,200 sq ft first‑floor office suite in Cornelius
- 3 private offices plus a large conference room and a break room
- Tenant occupied until Sept. 30, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,046
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,920
$420.9K
Cap Rate 7%
$300,657
$300.7K
Cap Rate 9%
$233,844
$233.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.2K $26.04/SF
− Vacancy
−$3.2K −$2.66/SF
EGI
$28.1K $23.38/SF
− OpEx
−$7.0K −$5.85/SF
NOI
$21.0K $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%
$420,920
Cap Rate 7%
$300,657
Cap Rate 9%
$233,844
Alternative Uses
Best Use
Office B
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 1,052.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.8K
$339.3K – $452.4K
NOI $27,143 @ 7.0% cap · market cap 1,357.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
999
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office suite with three private offices, a large conference room, and a break room.
Where is this office unit located?
The property is located at 20462 Chartwell Center Drive Cornelius, NC.
What are key features of this property?
This property features: Approximately 1,200 sq ft first‑floor office suite in Cornelius; 3 private offices plus a large conference room and a break room; Tenant occupied until Sept. 30, 2026
