Park Road Quadplex Office
2213 Park Road Charlotte, NC 28203
2213 Park Road, Charlotte, NC, 28203
Contact for pricing
For Sale
Contact for pricing
Two adaptable buildings with grandfathered multifamily use, hardwood floors, and front and rear parking areas.
Property Size4,073 SF
Price / SF$441.93
Days on Market77
Property Features for 2213 Park Road
General Information
- Standard status
- Active
- Size
- 4,073 SF
- Property subtype
- Retail, Multifamily, Office
Listing agency
Geoff Campbell Realty Inc
(704) 621-9092
Listed by
Josh Campbell · License #NC 290560
Source
Crexi
Added: May 7 Updated: Jul 22 at 2:31PM Checked: Jul 22 at 2:31PM
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
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
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 | $101.7k | $24.96 |
| − Vacancy | −$17.8k | −$4.37 |
| EGI | $83.9k | $20.59 |
| − OpEx | −$21.0k | −$5.15 |
| NOI | $62.9k | $15.44 |
4,073 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$898.6K
$786.3K – $1.05M
NOI $62,903 @ 7.0% cap · market cap 3.49%
Second Best
Multifamily LT 5
$764.5K
$669.0K – $891.9K
NOI $53,516 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,942 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 $1,800,000.
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
