Park Road Quadplex Office
For Sale
Contact for pricing
2213 Park Road, Charlotte, NC 28203
Two adaptable buildings with grandfathered multifamily use, hardwood floors, and front and rear parking areas.
Property Size4,073 SF
Price / SF$416.16
Days on Market180
Property Features for 2213 Park Road
General Information
Standard status
Active
Size
4,073 SF
Total Parking Spaces
15
Property subtype
Retail, Multifamily, Office
Investment Type
Value Add
Site & Location
Neighborhood
South Inner
Building Details
Tenancy
Multi
Listing Agency:
Geoff Campbell Realty Inc
Listed By:
Josh Campbell · License #NC 290560
(704) 621-9092
Source:
Crexi
Added: May 7
Changed: Nov 1
Last Checked: Nov 1 at 6:13AM
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 Geoff Campbell Realty Inc
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Investment Insights
Based on property information with market context.
Two income-generating buildings are offered for sale at 2213–2217 Park Road, featuring grandfathered multifamily use and adaptable layouts for office, boutique retail, wellness, creative studio, or professional service occupancy. Original hardwood flooring runs throughout both buildings, helping preserve the character of the existing residential-style interiors.
2213 Park Road is a four-unit building with 3 full bathrooms and 2 half bathrooms. One unit is currently configured as office space with two half baths, and the layout presents potential to create an additional office unit for added flexibility. 2217 Park Road is a five-unit building with 5 full bathrooms, including a traditional quadplex layout plus an additional unit constructed on the rear of the building. Garage and storage space is also included for added operational utility.
The property is positioned along the Park Road corridor in Charlotte’s Historic Dilworth area, with convenient access to Uptown Charlotte and nearby destinations including Atrium Health Main, South End, and SouthPark. The site offers both front and rear parking areas for tenants, employees, and clients.
2213 Park Road is a four-unit building with 3 full bathrooms and 2 half bathrooms. One unit is currently configured as office space with two half baths, and the layout presents potential to create an additional office unit for added flexibility. 2217 Park Road is a five-unit building with 5 full bathrooms, including a traditional quadplex layout plus an additional unit constructed on the rear of the building. Garage and storage space is also included for added operational utility.
The property is positioned along the Park Road corridor in Charlotte’s Historic Dilworth area, with convenient access to Uptown Charlotte and nearby destinations including Atrium Health Main, South End, and SouthPark. The site offers both front and rear parking areas for tenants, employees, and clients.
Key Highlights
- Two adaptable commercial buildings at 2213–2217 Park Road with grandfathered multifamily use
- 2213 Park Road: 4‑unit building with 3 full and 2 half bathrooms; lower‑right unit currently configured as office
- 2213 Park Road offers layout flexibility, including potential to create a fifth office unit for added income or flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,516
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,320
$1.1M
Cap Rate 7%
$764,514
$764.5K
Cap Rate 9%
$594,622
$594.6K
Market Conditions
NOI Build-Up for 4,073 SF
Gross rent
$80.6K $19.80/SF
− Vacancy
−$4.2K −$1.03/SF
EGI
$76.5K $18.77/SF
− OpEx
−$22.9K −$5.63/SF
NOI
$53.5K $13.14/SF
Area
Charlotte, NC
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,320
Cap Rate 7%
$764,514
Cap Rate 9%
$594,622
Alternative Uses
Best Use
Multifamily LT 5
$764.5K
$669.0K – $891.9K
NOI $53,516 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$704.0K
$616.0K – $821.4K
NOI $49,282 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,942 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,297
Businesses Nearby
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Business Placement
Demographics for 28203, NC
18,572
Population
11,641
Households
1.6
Avg Household Size
30
Median Age
80%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,991
Density / Sq Mi
$103,860
Median Household Income
$73,695
Median Earnings
$1,829
Median Rent
$708,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two adaptable buildings with grandfathered multifamily use, hardwood floors, and front and rear parking areas.
Where is this quadplex located?
The property is located at 2213 Park Road Charlotte, NC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two adaptable commercial buildings at 2213–2217 Park Road with grandfathered multifamily use; 2213 Park Road: 4‑unit building with 3 full and 2 half bathrooms; lower‑right unit currently configured as office; 2213 Park Road offers layout flexibility, including potential to create a fifth office unit for added income or flexibility
