Two-Unit Office
For Sale
$279,000
2101 Sardis Road N #206A, Charlotte, NC 28227
The connected second-floor space combines an open work area with private offices and building fiber service.
Property Size1,100 SF
Price / SF$253.64
Days on Market12
Property Features for 2101 Sardis Road N #206A
General Information
Standard status
Active
Size
1,100 SF
Elevators
Yes
Property subtype
Commercial
Space & Availability
Floor
2
Condition
Newly Renovated
Site & Location
Neighborhood
East Middle & Outer
Highway Access
Yes
Additional Details
HOA Fee
$353.06
Property Use
Office
Amenities
common area bathrooms
fast fiber
Building Details
Building Size
1,100 SF
Year Built
1986
Stories
2
Listing Agency:
Coldwell Banker Realty
Listed By:
Peter Rieke · License #292618ANDSC100374S
(704) 575-1993
Source:
Geoffcampbell
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 29 at 10:59PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Two adjoining office condos are configured to function as one 1,100-square-foot workspace. The mostly open plan includes two private offices with windows, and the suite is on the second floor of a building with elevator access. The space has been renovated and modernized, and common-area bathrooms serve the building.
The office is near access to Hwy 75, 485, 51 and Monroe Expressway. Fast fiber service is available in the building. The property dates to 1986.
The office is near access to Hwy 75, 485, 51 and Monroe Expressway. Fast fiber service is available in the building. The property dates to 1986.
Key Highlights
- Two connected office condos offered together as a single 1,100 SF space
- Mostly open plan with two private windowed offices
- Renovated and modernized office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,292
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,840
$385.8K
Cap Rate 7%
$275,600
$275.6K
Cap Rate 9%
$214,356
$214.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$28.6K $26.04/SF
− Vacancy
−$2.9K −$2.66/SF
EGI
$25.7K $23.38/SF
− OpEx
−$6.4K −$5.85/SF
NOI
$19.3K $17.54/SF
Area
ZIP 28227
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%
$385,840
Cap Rate 7%
$275,600
Cap Rate 9%
$214,356
Alternative Uses
Best Use
Office B
$275.6K
$241.2K – $321.5K
NOI $19,292 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.9K
$342.9K – $457.2K
NOI $27,434 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 28227, NC
57,126
Population
23,179
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
40.2 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,322
Median Household Income
$41,742
Median Earnings
$1,412
Median Rent
$313,900
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 Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office unit - The connected second-floor space combines an open work area with private offices and building fiber service.
Where is this office unit located?
The property is located at 2101 Sardis Road N #206A Charlotte, NC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two connected office condos offered together as a single 1,100 SF space; Mostly open plan with two private windowed offices; Renovated and modernized office space
