Office Property with
New
For Sale
$650,000
2232 Stallings Road, Matthews, NC 28104
A four-room layout includes a kitchen, laundry area, front porch, and rear deck.
Property Size1,421 SF
Lot Size1.52 Acres
Price / SF$457.42
Days on Market6
Property Features for 2232 Stallings Road
General Information
Standard status
Active
Size
1,421 SF
Lot size
1.52 Acres
Property subtype
Commercial
Zoning
MU
Site & Location
Neighborhood
Club View Acres
Highway Access
Yes
Road Access
Yes
Amenities
front porch
rear deck
fully equipped kitchen
laundry area
Building Details
Building Size
1,421 SF
Year Built
1986
Buildings
2
Stories
1
Listing Agency:
Century 21 Providence Realty
Listed By:
Pat Flanagan · License #295126
(704) 916-9552
Source:
Geoffcampbell
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:13PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1986, the office property includes a 1,421-square-foot main building with four rooms, a kitchen, and a laundry area. A separate 693-square-foot garage adds storage or workspace. The site also has a front porch, rear deck, and on-site parking across 1.52 acres.
The property is on Stallings Road, just off Independence Blvd Bypass and minutes from I-485.
The property is on Stallings Road, just off Independence Blvd Bypass and minutes from I-485.
Key Highlights
- 1.52‑acre site with a 1,421‑square‑foot main building
- Four rooms, kitchen, and laundry area
- Separate 693‑square‑foot garage
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
Retail
$248.6K
$217.5K – $290.1K
NOI $17,403 @ 7.0% cap · market cap 2.68%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
375
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
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Wright Computer Service — 4400 Potter Rd, Stallings, NC 28104
- SBS Technologies — 1020 stallings rd # e, matthews, nc 28104
Frequently Asked Questions
What type of property is this?
Office space - A four-room layout includes a kitchen, laundry area, front porch, and rear deck.
Where is this office space located?
The property is located at 2232 Stallings Road 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 site with a 1,421‑square‑foot main building; Four rooms, kitchen, and laundry area; Separate 693‑square‑foot garage
