Renovated Flex
3013 Bank St, Charlotte, NC 28203
For Sale
Contact for pricing
Vacant commercial property with office, lab, conditioned, and warehouse areas for flexible occupancy planning.
Property Size11,125 SF
Lot Size0.59 Acres
Price / SF$323.60
Days on Market97
Property Features for 3013 Bank St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Conditioned Warehouse
Building Details
Year Built
Year Renovated
Building Size
Listing Agency:
Bertolina Commercial Real Estate Services, Inc.
Listed By:
Ian Bertolina · License NC #129379
(704) 333-9881
Source:
Moodyscre
Added: Aug 10
Changed: Nov 4
Last Checked: Nov 12 at 10:03AM
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 Bertolina Commercial Real Estate Services, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 11,125 +/- SF flex building at 3013 Bank St includes approximately 3,700 + SF of office area and 7,300 + SF of warehouse space. Interior improvements include drop-ceiling sections, lab space, and conditioned areas, with clear heights ranging from 11.6’ to 14’. The property is scheduled for delivery vacant, subject to verification of condition by interested parties.
The 0.588+/- acre site provides 18 parking spaces, divided between the front and rear of the property. Access is available to South Boulevard, South Tryon Street, and I-77 South. South End entertainment and restaurants are nearby. Originally built in 1957, the property was renovated in 1999, 2005, 2018, and 2020-2021. A 2022 Carlisle PVC membrane roof and York HVAC units replaced in 2020 are also in place.
The 0.588+/- acre site provides 18 parking spaces, divided between the front and rear of the property. Access is available to South Boulevard, South Tryon Street, and I-77 South. South End entertainment and restaurants are nearby. Originally built in 1957, the property was renovated in 1999, 2005, 2018, and 2020-2021. A 2022 Carlisle PVC membrane roof and York HVAC units replaced in 2020 are also in place.
Key Highlights
- 11,125 +/- SF total, including 3,700 + SF office and 7,300 + SF warehouse
- 0.588+/- acre site with 18 total parking spaces
- Clear heights range from 11.6’ to 14’
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,815
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,436,300
$3.4M
Cap Rate 7%
$2,454,500
$2.5M
Cap Rate 9%
$1,909,056
$1.9M
Market Conditions
NOI Build-Up for 11,125 SF
Gross rent
$277.7K $24.96/SF
− Vacancy
−$48.6K −$4.37/SF
EGI
$229.1K $20.59/SF
− OpEx
−$57.3K −$5.15/SF
NOI
$171.8K $15.44/SF
Area
Charlotte, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,436,300
Cap Rate 7%
$2,454,500
Cap Rate 9%
$1,909,056
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,815 @ 7.0% cap · market cap 4.77%
Second Best
Warehouse
$1.97M
$1.72M – $2.30M
NOI $137,929 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,325 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28203, NC
18,572
Population
11,641
Households
1.6
Avg Household Size
30
Median Age
80%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,991
Density / Sq Mi
$103,860
Median Household Income
$73,695
Median Earnings
$1,829
Median Rent
$708,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Charlotte
Vacancy Rate% for Office in Charlotte, NC
Similar Off Market Nearby
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- Best Impressions Caterers — 2600 Youngblood St, Charlotte, NC 28203
- Mac's Hospitality Group — 223 Atherton St, Charlotte, NC 28203
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial property with office, lab, conditioned, and warehouse areas for flexible occupancy planning.
Where is this flex space located?
The property is located at 3013 Bank St Charlotte, NC.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 11,125 +/- SF total, including 3,700 + SF office and 7,300 + SF warehouse; 0.588+/- acre site with 18 total parking spaces; Clear heights range from 11.6’ to 14’
