Live-Work Space with Industrial
2644 Shenandoah Avenue Charlotte, NC 28205
For Sale
$1,400,000
Live-work property with a commercial front and a back industrial-style loft with approximately 20-foot ceilings.
Property Size5,238 SF
Price / SF$267.28
Days on Market104
Property Features for 2644 Shenandoah Avenue
General Information
- Standard status
- Active
- Size
- 5,238 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing Agency:
RE/MAX Executive
(704) 770-1773
Listed By:
Helen Honeycutt · License #73883
(704) 770-1773
Source:
Xome
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 4:42AM
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.
This live-work property is configured with commercial space at the front and an industrial-style loft-style living area in the back. The loft includes approximately 20-foot ceilings, adding notable interior volume to the residential portion of the building. The overall setup combines business and separate living space on the same property.
Located in Chantilly in Charlotte, the property is offered at 2644 Shenandoah Avenue. The remarks also note proximity to Plaza Midwood, described as minutes away.
For buyers and tenants seeking an integrated work-and-living arrangement, the building’s front-and-back layout provides distinct areas for operating and retreating in the same setting.
Located in Chantilly in Charlotte, the property is offered at 2644 Shenandoah Avenue. The remarks also note proximity to Plaza Midwood, described as minutes away.
For buyers and tenants seeking an integrated work-and-living arrangement, the building’s front-and-back layout provides distinct areas for operating and retreating in the same setting.
Key Highlights
- Live‑work layout with commercial space at the front and an industrial‑style loft‑style living area at the back
- Approximately 20‑foot ceilings in the back loft area
- Separate living area included in addition to the commercial space
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 | $128.9k | $24.60 |
| − Vacancy | −$3.6k | −$0.68 |
| EGI | $125.3k | $23.92 |
| − OpEx | −$37.6k | −$7.18 |
| NOI | $87.7k | $16.74 |
5,238 SF · lease $24.60/SF/yr · vacancy 2.77% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.25M
$1.10M – $1.46M
NOI $87,700 @ 7.0% cap · market cap 6.26%
Second Best
Office B
$1.16M
$1.01M – $1.35M
NOI $80,896 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,099 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Homefires
Hardware & Home Improvement
Chantilly Corner Studios
Renovation Specialist
Hand Built Furniture
Renovation Specialist
Handyman Services
Hardware & Home Improvement
Kreshon Home Design ...
Interior Design
FAQs
What type of property is this?
Live-work space - Live-work property with a commercial front and a back industrial-style loft with approximately 20-foot ceilings.
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 $1,400,000.
What are key features of this property?
This property features: Live‑work layout with commercial space at the front and an industrial‑style loft‑style living area at the back; Approximately 20‑foot ceilings in the back loft area; Separate living area included in addition to the commercial space
