Single-Story Brick Office
New
For Sale
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2315 E WT Harris Blvd, Charlotte, NC 28213
Professional office property with private suite access, open workspace, break room, and separate men’s, women’s, and ADA restrooms.
Property Size3,555 SF
Price / SF$250
Days on Market5
Property Features for 2315 E WT Harris Blvd
General Information
Standard status
Active
Size
3,555 SF
Property subtype
OFFICE
Amenities
covered walkway
private suite entry
break room
reception
restrooms
Building Details
Stories
1
Construction
brick
Listing Agency:
Romans Properties
Listed By:
Chris Orr · License #192220
(704) 619-7554
Source:
Moodyscre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 3:12PM
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 Romans Properties
Investment Insights
Based on property information with market context.
This 3,555-square-foot, single-story brick office building includes 12 private offices, an open work area, reception space, and a break room. A covered walkway leads to a private suite entrance, while separate women’s, men’s, and ADA restrooms support daily operations.
The property is located at 2315 E WT Harris Blvd in Charlotte, near UNC Charlotte and University Research Park. Its configuration combines enclosed offices with shared workspace and dedicated support areas within one professional office setting.
The property is located at 2315 E WT Harris Blvd in Charlotte, near UNC Charlotte and University Research Park. Its configuration combines enclosed offices with shared workspace and dedicated support areas within one professional office setting.
Key Highlights
- 3,555‑square‑foot single‑story brick office building
- 12 private offices plus an open work area
- Covered walkway and private suite entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,903
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,098,060
$1.1M
Cap Rate 7%
$784,329
$784.3K
Cap Rate 9%
$610,033
$610.0K
Market Conditions
NOI Build-Up for 3,555 SF
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.
Gross rent
$88.7K $24.96/SF
− Vacancy
−$15.5K −$4.37/SF
EGI
$73.2K $20.59/SF
− OpEx
−$18.3K −$5.15/SF
NOI
$54.9K $15.44/SF
Area
Charlotte, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,098,060
Cap Rate 7%
$784,329
Cap Rate 9%
$610,033
Alternative Uses
Best Use
Office B
$784.3K
$686.3K – $915.1K
NOI $54,903 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,868 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 28213, NC
47,215
Population
20,484
Households
2.3
Avg Household Size
31
Median Age
34%
College-Educated
86%
High-School Grad
14.2 sq mi
ZIP Area
3,325
Density / Sq Mi
$55,612
Median Household Income
$39,704
Median Earnings
$1,341
Median Rent
$251,700
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with private suite access, open workspace, break room, and separate men’s, women’s, and ADA restrooms.
Where is this office building located?
The property is located at 2315 E WT Harris Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $888,750.
What are key features of this property?
This property features: 3,555‑square‑foot single‑story brick office building; 12 private offices plus an open work area; Covered walkway and private suite entrance
