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    Mixed-Use Office and Retail Property Title is generated by Realmo AI

    2935 Providence Road, Charlotte, NC 28211

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    Prominent mixed-use office, retail, and restaurant setup at a major intersection with strong daily vehicle volume.

    Type:Retail
    Property size:
    53,671 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:56 am

    Property Features for 2935 Providence Road

    General Information

    Standard status
    Active
    Size
    53,671 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    Properties For Sale

    at 2935 Providence Road Contact us

    We can help!

    Listing Contact
    Charles S. Neil, CCIM

    Listing agent Charles S. Neil, CCIM

    Listing office Divaris Real Estate

    Listing date Jun 2, 2026

    Source Divaris

    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 Divaris Real Estate

    HighLights

    • Mixed‑use property with total GLA of 53,671 SF office and 49,447 SF retail
    • Office/retail/restaurant setup at the intersection of Sharon Rd. and Providence Rd.
    • High daily traffic on Providence Rd. at 34,000 VPD
    • High daily traffic on S. Sharon Amity Rd. at 24,000 VPD
    • Year built: 2007

    Overview

    This mixed-use property totals 103,118 SF of combined office and retail/restaurant space, offering multiple income streams within a single asset. The offering includes 53,671 SF of office space and 49,447 SF of retail space, supported by the flexibility of an office and retail/restaurant configuration designed for a range of tenant concepts.

    The property is located at the intersection of Sharon Rd. and Providence Rd., providing high-visibility positioning and consistent through-movement. Providence Rd. carries approximately 34,000 vehicles per day, and S. Sharon Amity Rd. carries approximately 24,000 vehicles per day, creating strong exposure for street-facing uses.

    For investors and operators, the mix of office and retail/restaurant space can help broaden leasing opportunities and support a diversified tenant profile. The straightforward configuration and prominent intersection location make this a practical fit for buyers seeking a single, combined platform with both office and retail/restaurant components.
    Location Intelligence

    Current Use by Public Records

    Traci Zeller Interiors Interior Design Ballantyne Nail Spa Nail Salon Cross Conditioning Training Gym & Fitness Center Dr. Laura Watterson Alternative Medicine Practice Fresh Dental Cotswold ... Dental Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8066119
    Latitude
    35.1706237

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    FAQs

    What type of property is this?
    Office building - Prominent mixed-use office, retail, and restaurant setup at a major intersection with strong daily vehicle volume.
    Where is this office building located?
    The property is located at 2935 Providence Road Charlotte, NC.
    What are key features of this property?
    This property features: Mixed‑use property with total GLA of 53,671 SF office and 49,447 SF retail; Office/retail/restaurant setup at the intersection of Sharon Rd. and Providence Rd.; High daily traffic on Providence Rd. at 34,000 VPD
    (704) 442-1988
    We can help!
    Listing Contact
    Charles S. Neil, CCIM
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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