Flex Space with
For Sale
$650,000
2232 Stallings Rd, Matthews, NC 28104
Flexible layout includes office rooms, kitchen, laundry, and accessory workspace.
Property Size1,421 SF
Price / SF$457.42
Days on Market53
Property Features for 2232 Stallings Rd
General Information
Standard status
Active
Size
1,421 SF
Building Details
Year Built
1986
Listing Agency:
Century 21 Providence Realty
Listed By:
Pat Flanagan
(704) 289-2121
Source:
Mycrosskeys
Added: Aug 23
Changed: Oct 7
Last Checked: Oct 7 at 2:12PM
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 Century 21 Providence Realty
Investment Insights
Based on property information with market context.
This flex property at 2232 Stallings Rd includes a 1,421-square-foot main building with four rooms, a kitchen, and a laundry area. A separate 693-square-foot garage adds space for storage, workshop functions, or other business operations. The property also includes a front porch, rear deck, and on-site parking, with a maintained interior and exterior.
The 1.52-acre site is positioned just off Independence Blvd Bypass and minutes from I-485 in Matthews, North Carolina. Its combination of office areas, support spaces, and detached garage provides a practical configuration for a range of commercial uses. Built in 1986, the property offers an established commercial setting with room for parking and outdoor access areas.
The 1.52-acre site is positioned just off Independence Blvd Bypass and minutes from I-485 in Matthews, North Carolina. Its combination of office areas, support spaces, and detached garage provides a practical configuration for a range of commercial uses. Built in 1986, the property offers an established commercial setting with room for parking and outdoor access areas.
Key Highlights
- 1.52‑acre commercial site at 2232 Stallings Rd, Matthews, NC 28104
- 1,421 SF main building with four functional rooms
- 693 SF detached garage for storage, workshop, or additional workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,921
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,420
$498.4K
Cap Rate 7%
$356,014
$356.0K
Cap Rate 9%
$276,900
$276.9K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$37.0K $26.04/SF
− Vacancy
−$3.8K −$2.66/SF
EGI
$33.2K $23.38/SF
− OpEx
−$8.3K −$5.85/SF
NOI
$24.9K $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%
$498,420
Cap Rate 7%
$356,014
Cap Rate 9%
$276,900
Alternative Uses
Best Use
Office B
$356.0K
$311.5K – $415.4K
NOI $24,921 @ 7.0% cap · market cap 3.83%
Second Best
Flex RnD
$235.2K
$205.8K – $274.4K
NOI $16,462 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$459.2K
$401.8K – $535.7K
NOI $32,142 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28104, NC
34,521
Population
12,751
Households
2.7
Avg Household Size
41
Median Age
57%
College-Educated
95%
High-School Grad
29.6 sq mi
ZIP Area
1,166
Density / Sq Mi
$129,775
Median Household Income
$57,493
Median Earnings
$1,705
Median Rent
$482,200
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 South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible layout includes office rooms, kitchen, laundry, and accessory workspace.
Where is this flex space located?
The property is located at 2232 Stallings Rd Matthews, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1.52‑acre commercial site at 2232 Stallings Rd, Matthews, NC 28104; 1,421 SF main building with four functional rooms; 693 SF detached garage for storage, workshop, or additional workspace
