Renovated Office
21000 Torrence Chapel Rd Cornelius, NC 28031
21000 Torrence Chapel Rd, Cornelius, NC, 28031
Contact for pricing
For Sale
Contact for pricing
Fully leased, 2024-renovated office building offering turnkey occupancy for an owner-operator or investor.
Property Size9,135 SF
Lot Size0.80 Acres
Price / SF$404.49
Days on Market54
Property Features for 21000 Torrence Chapel Rd
General Information
- Standard status
- Active
- Size
- 9,135 SF
- Lot size
- 0.80 Acres
- Property subtype
- Office
Listing agency
Knox Group Inc
(704) 896-1911
Listed by
Michelle Polito · License #NC 335054
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 9:11AM
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 Knox Group Inc
Investment Insights
Based on property information with market context.
This for-sale office building was fully renovated in 2024 and is currently fully leased. The property totals approximately 9,135 square feet, situated on about 0.80 acres.
The building is located at 21000 Torrence Chapel Rd in Cornelius, North Carolina. With a compact site footprint, the property is set up to serve office tenants seeking a dedicated facility.
For prospective buyers, the combination of full occupancy and 2024 renovations may appeal to those looking for a turn-key office asset with current tenant in place. The offering includes the entire building and leased space, allowing an operator or investor to evaluate the property as-is based on the existing lease situation.
The building is located at 21000 Torrence Chapel Rd in Cornelius, North Carolina. With a compact site footprint, the property is set up to serve office tenants seeking a dedicated facility.
For prospective buyers, the combination of full occupancy and 2024 renovations may appeal to those looking for a turn-key office asset with current tenant in place. The offering includes the entire building and leased space, allowing an operator or investor to evaluate the property as-is based on the existing lease situation.
Key Highlights
- Fully leased office building at 21000 Torrence Chapel Rd, Cornelius, NC 28031
- Completely renovated in 2024
- 9,135 +/- SF total building size
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 | $237.9k | $26.04 |
| − Vacancy | −$24.3k | −$2.66 |
| EGI | $213.6k | $23.38 |
| − OpEx | −$53.4k | −$5.85 |
| NOI | $160.2k | $17.54 |
9,135 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,209 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,624 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pain Solutions of Charlotte
Medical Clinic
Wilson Emily
Insurance Agency
Helia Health
Physician
World Vision
Charitable Organization
Purpose Wellness Center, ...
Crisis Center
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FAQs
What type of property is this?
Office building - Fully leased, 2024-renovated office building offering turnkey occupancy for an owner-operator or investor.
Where is this office building located?
The property is located at 21000 Torrence Chapel Rd Cornelius, NC.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: Fully leased office building at 21000 Torrence Chapel Rd, Cornelius, NC 28031; Completely renovated in 2024; 9,135 +/- SF total building size
