End-Unit Medical Office
For Sale
Contact for pricing
2540 West Arrowood Road, Charlotte, NC 28273
End-unit medical office with updated interiors and prominent visibility from Arrowood Road.
Property Size2,529 SF
Price / SF$296.16
Days on Market71
Property Features for 2540 West Arrowood Road
General Information
Standard status
Active
Size
2,529 SF
Property subtype
Office
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2018
Listing Agency:
Flagship Healthcare Properties
(704) 906-9699
Listed By:
Tiffany Slayden · License #NC 46316
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 10 at 3:37AM
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 Flagship Healthcare Properties
Investment Insights
Based on property information with market context.
This end-unit medical office suite is configured for professional use and features updated interior finishes. The unit includes space suitable for medical practices, along with an exterior signage opportunity for branding and wayfinding.
The property is positioned for visibility from Arrowood Road and is located across from Whitehall Commons Shopping Center. It also benefits from convenient access to major regional routes, with close proximity to I-485, I-77, and Charlotte Douglas Airport.
For healthcare operators and office users seeking a dedicated medical environment, this end-unit layout can offer a strong street-facing presence. Buyers should consider the combination of updated interiors, end-unit visibility, and the potential to add or enhance exterior signage when evaluating this office property for medical or related professional use.
The property is positioned for visibility from Arrowood Road and is located across from Whitehall Commons Shopping Center. It also benefits from convenient access to major regional routes, with close proximity to I-485, I-77, and Charlotte Douglas Airport.
For healthcare operators and office users seeking a dedicated medical environment, this end-unit layout can offer a strong street-facing presence. Buyers should consider the combination of updated interiors, end-unit visibility, and the potential to add or enhance exterior signage when evaluating this office property for medical or related professional use.
Key Highlights
- End‑unit medical office with high visibility from Arrowood Rd.
- Updated interiors.
- Exterior signage opportunity.
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
$39,058
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
5.21%
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%
$781,160
$781.2K
Cap Rate 7%
$557,971
$558.0K
Cap Rate 9%
$433,978
$434.0K
Market Conditions
NOI Build-Up for 2,529 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
$63.1K $24.96/SF
− Vacancy
−$11.0K −$4.37/SF
EGI
$52.1K $20.59/SF
− OpEx
−$13.0K −$5.15/SF
NOI
$39.1K $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%
$781,160
Cap Rate 7%
$557,971
Cap Rate 9%
$433,978
Alternative Uses
Best Use
Office B
$558.0K
$488.2K – $651.0K
NOI $39,058 @ 7.0% cap · market cap 5.21%
Second Best
Healthcare Medical
$499.8K
$437.4K – $583.1K
NOI $34,988 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$842.2K
$736.9K – $982.5K
NOI $58,951 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28273, NC
41,404
Population
19,236
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,840
Density / Sq Mi
$84,739
Median Household Income
$45,193
Median Earnings
$1,671
Median Rent
$304,900
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - End-unit medical office with updated interiors and prominent visibility from Arrowood Road.
Where is this medical office space located?
The property is located at 2540 West Arrowood Road Charlotte, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: End‑unit medical office with high visibility from Arrowood Rd.; Updated interiors.; Exterior signage opportunity.
