Charlotte Office Building For
For Sale
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3726 Latrobe Drive, Charlotte, NC 28211
Office building with 22,185 square feet available for sale.
Property Size22,185 SF
Price / SF$247.92
Days on Market1479
Property Features for 3726 Latrobe Drive
General Information
Standard status
Active
Size
22,185 SF
Class
B
Property subtype
Office
Zoning
ML-1 (Manufacturing & Logistics)
Investment Type
Sale/Leaseback
Net Operating Income
$336,000
Building Details
Year Built
1980
Year Renovated
2015
Stories
1
Listing Agency:
Bertolina Commercial Real Estate Services Inc
Listed By:
Ian Bertolina · License #NC 129379
(704) 333-9881
Source:
Crexi
Added: Oct 2, 2022
Changed: Oct 3
Last Checked: Oct 16 at 9:15AM
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.
This commercial real estate offering features an office building with a total size of 22,185 square feet. The property is available for sale.
Key Highlights
- YearBuilt: 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$342,625
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,852,500
$6.9M
Cap Rate 7%
$4,894,643
$4.9M
Cap Rate 9%
$3,806,944
$3.8M
Market Conditions
NOI Build-Up for 22,185 SF
Gross rent
$553.7K $24.96/SF
− Vacancy
−$96.9K −$4.37/SF
EGI
$456.8K $20.59/SF
− OpEx
−$114.2K −$5.15/SF
NOI
$342.6K $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%
$6,852,500
Cap Rate 7%
$4,894,643
Cap Rate 9%
$3,806,944
Alternative Uses
Best Use
Office B
$4.89M
$4.28M – $5.71M
NOI $342,625 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.39M
$6.46M – $8.62M
NOI $517,136 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 28211, NC
31,917
Population
15,061
Households
2.1
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,902
Density / Sq Mi
$130,221
Median Household Income
$66,412
Median Earnings
$1,660
Median Rent
$701,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office building - Office building with 22,185 square feet available for sale.
Where is this office building located?
The property is located at 3726 Latrobe Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: YearBuilt: 1980
