Office-Flex Warehouse
2613 - 2617 Executive Point Dr Monroe, NC 28110
2613 - 2617 Executive Point Dr, Monroe, NC, 28110
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For Sale
Contact for pricing
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 Market120
Property Features for 2613 - 2617 Executive Point Dr
General Information
- Standard status
- Active
- Size
- 21,361 SF
- Property subtype
- Industrial, Office, Retail
Building Details
- Year Built
- 2000
Listing agency
KW Commercial
(704) 887-6600
Listed by
Matthew Hagler · License #NC 206869
Source
Crexi
Added: Mar 25 Updated: Jul 22 at 5:31AM Checked: Jul 22 at 5:31AM
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
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $405.0k | $18.96 |
| − Vacancy | −$24.3k | −$1.14 |
| EGI | $380.7k | $17.82 |
| − OpEx | −$133.2k | −$6.24 |
| NOI | $247.5k | $11.58 |
21,361 SF · lease $18.96/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$4.76M
$4.17M – $5.56M
NOI $333,327 @ 7.0% cap · market cap 9.52%
Second Best
Flex RnD
$3.54M
$3.09M – $4.12M
NOI $247,458 @ 7.0% cap · market cap 7.07%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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
