Two-Story Flex
For Sale
Contact for pricing
231 E Tremont Avenue, Charlotte, NC 28203
Adaptable commercial space with corner exposure, surface parking, and an NNN lease structure.
Property Size1,973 SF
Price / SF$2.42
Days on Market51
Property Features for 231 E Tremont Avenue
General Information
Standard status
Active
Size
1,973 SF
Total Parking Spaces
28
Property subtype
Showroom/Office
Additional Details
Highway Access
Yes
Amenities
Additional parcels description:, Parcel Number: 12105504, Assessed Value: $2.7765e+06
Listing ID: CAR4421470, Standard Status: Active, MLS Status: Active, Property Subtype: Showroom/Office
28 total parking spaces
Built in 1973
County/Parish: Mecklenburg
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete
Building Details
Building Size
1,973 SF
Year Built
1973
Stories
2
Listing Agency:
MATHERS REALTY.COM
(704) 831-5900
Listed By:
Kavita Rohera
(704) 804-3427
Source:
Blackstreaminternational
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 20 at 10:15PM
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 MATHERS REALTY.COM
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level commercial property contains approximately 7,500 SF, with roughly 3,750 SF on each floor. The building offers an adaptable configuration, 11-foot unfinished ceilings, and approximately 28 on-site surface parking spaces. Its layout may accommodate restaurant, showroom, service-commercial, studio, creative, or professional office uses, subject to zoning, landlord approval, and applicable governmental requirements.
The property is positioned near South Boulevard, the Rail Trail, light rail, restaurants, retail, breweries, Uptown Charlotte, and I-77. Constructed in 1973, the building is offered under a triple-net lease, with the tenant responsible for base rent and its proportionate share of applicable operating expenses and utilities as defined in the final lease agreement.
The property is positioned near South Boulevard, the Rail Trail, light rail, restaurants, retail, breweries, Uptown Charlotte, and I-77. Constructed in 1973, the building is offered under a triple-net lease, with the tenant responsible for base rent and its proportionate share of applicable operating expenses and utilities as defined in the final lease agreement.
Key Highlights
- Approximately 7,500 SF across two floors
- Approximately 3,750 SF per floor
- Approximately 28 on‑site surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,540
$1.5M
Cap Rate 7%
$1,093,957
$1.1M
Cap Rate 9%
$850,856
$850.9K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$117.0K $15.60/SF
− Vacancy
−$7.6K −$1.01/SF
EGI
$109.4K $14.59/SF
− OpEx
−$32.8K −$4.38/SF
NOI
$76.6K $10.21/SF
Area
Charlotte, NC
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,540
Cap Rate 7%
$1,093,957
Cap Rate 9%
$850,856
Alternative Uses
Best Use
Retail
$1.79M
$1.57M – $2.09M
NOI $125,573 @ 7.0% cap · market cap 692.82%
Second Best
Office B
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 639.06%
Theoretical Best
Office A
$2.50M
$2.19M – $2.91M
NOI $174,826 @ 7.0% cap · market cap 964.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,124
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Charlotte, NC
Similar Off Market Nearby
- Kre8 Xperiences — 2017 Charlotte Dr, Charlotte, NC 28203
- Best Impressions Caterers — 2600 Youngblood St, Charlotte, NC 28203
- Mac's Hospitality Group — 223 Atherton St, Charlotte, NC 28203
- Maw Maw's Catering — 1709 park rd, charlotte, nc 28203
- Clean Eatz — 1800 Camden Rd #108, Charlotte, NC 28203
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space with corner exposure, surface parking, and an NNN lease structure.
Where is this flex space located?
The property is located at 231 E Tremont Avenue Charlotte, NC.
What are key features of this property?
This property features: Approximately 7,500 SF across two floors; Approximately 3,750 SF per floor; Approximately 28 on‑site surface parking spaces
