Brookshire Boulevard Portfolio
For Sale
Contact for pricing
3800 Brookshire Blvd, Charlotte, NC 28216
Portfolio of three properties on Brookshire Boulevard for sale.
Property Size3,040 SF
Price / SF$542.76
Days on Market1645
Property Features for 3800 Brookshire Blvd
General Information
Standard status
Active
Size
3,040 SF
Class
B
Property subtype
Retail
Zoning
B-1
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
1978
Year Renovated
2021
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CharCom Properties
Listed By:
Vernon L. Wood · License #NC 51244
Source:
Crexi
Added: Feb 18, 2022
Changed: Aug 14
Last Checked: Aug 20 at 4:14PM
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 CharCom Properties
Investment Insights
Based on property information with market context.
This is a portfolio of three properties. Two properties are located on Brookshire Boulevard at 3730 & 3800 Brookshire Blvd. The other property is vacant land located at Brookshire & Honeywood Avenue. The property at 3800 Brookshire Blvd has a size of 3040 square feet. Offers may be submitted separately.
Key Highlights
- Portfolio of three properties
- Located on Brookshire Boulevard
- Includes a vacant land parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,017,980
$1.0M
Cap Rate 7%
$727,129
$727.1K
Cap Rate 9%
$565,544
$565.5K
Market Conditions
NOI Build-Up for 3,040 SF
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.
Gross rent
$74.8K $24.60/SF
− Vacancy
−$2.1K −$0.68/SF
EGI
$72.7K $23.92/SF
− OpEx
−$21.8K −$7.18/SF
NOI
$50.9K $16.74/SF
Area
ZIP 28216
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,017,980
Cap Rate 7%
$727,129
Cap Rate 9%
$565,544
Alternative Uses
Best Use
Retail
$727.1K
$636.2K – $848.3K
NOI $50,899 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$937.7K – $1.25M
NOI $75,015 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 39%
Hotels & Casinos 1%
QuikTrip
Shops & Services
36,131 visits/mo
0.3 miles
Starbucks
Dining
12,216 visits/mo
0.2 miles
Burger King
Dining
11,478 visits/mo
0.2 miles
Jack in the Box
Dining
9,886 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,304 visits/mo
0.3 miles
Demographics for 28216, NC
57,196
Population
24,902
Households
2.3
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
30.0 sq mi
ZIP Area
1,907
Density / Sq Mi
$64,977
Median Household Income
$43,643
Median Earnings
$1,464
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Portfolio of three properties on Brookshire Boulevard for sale.
Where is this retail property located?
The property is located at 3800 Brookshire Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Portfolio of three properties; Located on Brookshire Boulevard; Includes a vacant land parcel
