Office-Flex Warehouse
For Sale
Contact for pricing
2613 - 2617 Executive Point Dr, Monroe, NC 28110
Combination office and workspace/flex configuration, with highway access and traffic exposure for office, flex, or light industrial users.
Property Size21,361 SF
Price / SF$163.85
Days on Market211
Property Features for 2613 - 2617 Executive Point Dr
General Information
Standard status
Active
Size
21,361 SF
Property subtype
Industrial, Office, Retail
Zoning
GB
Net Operating Income
$85,386
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Listing Agency:
KW Commercial
Listed By:
Matthew Hagler · License #NC 206869
(704) 887-6600
Source:
Crexi
Added: Mar 25
Changed: Oct 8
Last Checked: Oct 19 at 3:45AM
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 KW Commercial
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 property includes a building configured with a combination of office and workspace/flex areas, designed to support a range of office, flex, light industrial, or service-oriented uses. The property is currently partially leased, with 9,548 SF leased and 11,813 SF available for lease or owner-user occupancy.
The location is positioned for convenient regional access, with highway access and strong traffic exposure referenced in the materials, along with proximity to Charlotte and a growing population base.
For buyers seeking immediate operational flexibility, the available space can support an owner-user while maintaining existing leased area. The overall configuration provides a practical mix of work area and office functionality within one building.
The location is positioned for convenient regional access, with highway access and strong traffic exposure referenced in the materials, along with proximity to Charlotte and a growing population base.
For buyers seeking immediate operational flexibility, the available space can support an owner-user while maintaining existing leased area. The overall configuration provides a practical mix of work area and office functionality within one building.
Key Highlights
- Year built 2000
- Combination office and workspace/flex configuration
- 9,548 SF currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,458
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,949,160
$4.9M
Cap Rate 7%
$3,535,114
$3.5M
Cap Rate 9%
$2,749,533
$2.7M
Market Conditions
NOI Build-Up for 21,361 SF
Gross rent
$405.0K $18.96/SF
− Vacancy
−$24.3K −$1.14/SF
EGI
$380.7K $17.82/SF
− OpEx
−$133.2K −$6.24/SF
NOI
$247.5K $11.58/SF
Area
Union County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,949,160
Cap Rate 7%
$3,535,114
Cap Rate 9%
$2,749,533
Alternative Uses
Best Use
Flex RnD
$3.54M
$3.09M – $4.12M
NOI $247,458 @ 7.0% cap · market cap 7.07%
Second Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,241 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$6.60M
$5.77M – $7.70M
NOI $461,859 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Combination office and workspace/flex configuration, with highway access and traffic exposure for office, flex, or light industrial users.
Where is this flex space located?
The property is located at 2613 - 2617 Executive Point Dr Monroe, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Year built 2000; Combination office and workspace/flex configuration; 9,548 SF currently leased
