Monroe Office Building For
355 Venus Street Monroe, NC 28112
355 Venus Street, Monroe, NC, 28112
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For Sale
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6,600 SF office building 100% leased to Atrium Health.
Property Size6,600 SF
Price / SF$263.60
Days on Market52
Property Features for 355 Venus Street
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing Agency
Artha associates
Listed by
John Box · License #NC 251697
Source
Crexi
Added: May 26 Checked: Jul 16 at 5:50 am
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 Artha associates
Investment Insights
Based on property information with market context.
Located in Monroe, North Carolina, 355 Venus Street is a 6,600-square-foot, single-story office building. The property is situated in an established medical office park serving the Charlotte MSA, directly across from Atrium Health Union, a 182-bed hospital providing comprehensive emergency services and a broad range of specialty medical care. The asset is 100% leased to Atrium Health on a single-tenant basis, operating under a new 5-year renewal with a lease expiration of September 30, 2031.
Key Highlights
- 100% leased to Atrium Health, providing stable, long‑term cash flow
- New 5‑year lease renewal, expiring September 30, 2031
- Strategically located directly across from Atrium Health Union, a 182‑bed hospital
Local Financial Insights For Office B
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 | $171.9k | $26.04 |
| − Vacancy | −$34.5k | −$5.23 |
| EGI | $137.3k | $20.81 |
| − OpEx | −$34.3k | −$5.20 |
| NOI | $103.0k | $15.60 |
6,600 SF · lease $26.04/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $102,990 @ 7.0% cap · market cap 5.92%
Second Best
Healthcare Medical
$1.31M
$1.15M – $1.53M
NOI $91,923 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,703 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Southeast Pain and Spine ...
Physician
Southeast Pain and Spine ...
Physician
Atrium Health Union ...
Physician
Troy Curtis Gingerich
Physician
Troy Gingerich, MD
Physician
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- Thompson Animal Hospital — 1635 Pageland Hwy, Monroe, NC 28112
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FAQs
What type of property is this?
Medical Office Space - 6,600 SF office building 100% leased to Atrium Health.
Where is this medical office space located?
The property is located at 355 Venus Street Monroe, NC.
What is the asking price?
The asking price for this property is $1,739,743.
What are key features of this property?
This property features: 100% leased to Atrium Health, providing stable, long‑term cash flow; New 5‑year lease renewal, expiring September 30, 2031; Strategically located directly across from Atrium Health Union, a 182‑bed hospital
