Live-Work Space with Industrial
For Sale
$1,200,000
2644 Shenandoah Avenue, Charlotte, NC 28205
Business space fronts the property with an industrial-style loft-style living area behind.
Property Size3,800 SF
Price / SF$315.79
Days on Market105
Property Features for 2644 Shenandoah Avenue
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Building Details
Building Size
5,238 SF
Year Built
1958
Listing Agency:
RE/MAX Executive
(704) 540-7500
Listed By:
Helen Honeycutt · License #73883
Source:
Techrealtyllc
Added: Apr 18
Changed: Jul 31
Last Checked: Jul 31 at 8:25AM
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 RE/MAX Executive
Investment Insights
Based on property information with market context.
Live-work space offering a built-in separation between work and home. The front portion is set up for running a business, while the back features an industrial-style loft with approximately 20-foot ceilings that add volume and natural light. The property also includes a separate living area, creating flexibility for owner-occupants, visiting professionals, or additional on-site use.
Set at 2644 Shenandoah Avenue in Charlotte, the layout is described as neighborhood-friendly for client access and daily life. The offering is positioned as a fit for businesses that benefit from visibility and accessibility, with the remarks noting close proximity to Plaza Midwood and nearby everyday conveniences.
The property was built in 1958. Total property size is 3,800 square feet, supporting a compact live-work configuration with a distinct industrial loft character.
Set at 2644 Shenandoah Avenue in Charlotte, the layout is described as neighborhood-friendly for client access and daily life. The offering is positioned as a fit for businesses that benefit from visibility and accessibility, with the remarks noting close proximity to Plaza Midwood and nearby everyday conveniences.
The property was built in 1958. Total property size is 3,800 square feet, supporting a compact live-work configuration with a distinct industrial loft character.
Key Highlights
- Front business space with industrial‑style loft‑style living area in back
- Approximately 20‑foot ceilings in the loft area
- Separate living area included for flexible on‑site use
Financial Insights For Retail
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 | $93.5k | $24.60 |
| − Vacancy | −$2.6k | −$0.68 |
| EGI | $90.9k | $23.92 |
| − OpEx | −$27.3k | −$7.18 |
| NOI | $63.6k | $16.74 |
3,800 SF · lease $24.60/SF/yr · vacancy 2.77% · expense 30.00%
Alternative Uses
Best Use
Retail
$908.9K
$795.3K – $1.06M
NOI $63,623 @ 7.0% cap · market cap 5.30%
Second Best
Office B
$838.4K
$733.6K – $978.1K
NOI $58,687 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,579 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 28205, NC
49,600
Population
24,605
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
86%
High-School Grad
11.8 sq mi
ZIP Area
4,203
Density / Sq Mi
$72,479
Median Household Income
$49,340
Median Earnings
$1,376
Median Rent
$410,800
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?
Live-work space - Business space fronts the property with an industrial-style loft-style living area behind.
Where is this live-work space located?
The property is located at 2644 Shenandoah Avenue Charlotte, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Front business space with industrial‑style loft‑style living area in back; Approximately 20‑foot ceilings in the loft area; Separate living area included for flexible on‑site use
