Storefront with Reception
New
For Sale
Contact for pricing
3811 Monroe Road, Charlotte, NC 28205
The layout includes a front reception area and space for private offices.
Property Size1,955 SF
Price / SF$2.33
Days on Market4
Property Features for 3811 Monroe Road
General Information
Standard status
Active
Size
1,955 SF
Property subtype
Commercial
Amenities
front reception area
private offices
great parking
Additional parcels description:, Parcel Number: 159-054-11, Assessed Value: $533,600
Listing ID: CAR4433964, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial
Parking Lot
Built in 1955, Living area: 1500, 1 building
County/Parish: Mecklenburg
1 total bathroom
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,955 SF
Year Built
1955
Listing Agency:
T. R. Lawing Realty, Inc.
(704) 414-2000
Listed By:
Dottie Ciarrocchi
(704) 414-2037
Source:
Blackstreaminternational
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:14AM
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 T. R. Lawing Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot storefront at 3811 Monroe Road has a front reception area and space for private offices. Built in 1955, the property offers a compact commercial layout with interior space that can be adapted to different business needs.
The property is located on Monroe Road in Charlotte, North Carolina. On-site parking is also available.
The property is located on Monroe Road in Charlotte, North Carolina. On-site parking is also available.
Key Highlights
- 1,500 square feet of storefront space
- Front reception area with space for private offices
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,115
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,300
$502.3K
Cap Rate 7%
$358,786
$358.8K
Cap Rate 9%
$279,056
$279.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$36.9K $24.60/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$35.9K $23.92/SF
− OpEx
−$10.8K −$7.18/SF
NOI
$25.1K $16.74/SF
Area
Charlotte, NC
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 Rate 5%
$502,300
Cap Rate 7%
$358,786
Cap Rate 9%
$279,056
Alternative Uses
Best Use
Retail
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 717.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.5K
$437.1K – $582.8K
NOI $34,965 @ 7.0% cap · market cap 999.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
188k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 31%
Home Improvements & Furnishings 22%
Groceries 9%
The Home Depot
Home Improvements & Furnishings
38,720 visits/mo
0.3 miles
Chick-fil-A
Dining
28,927 visits/mo
0.4 miles
McDonald's
Dining
21,427 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
17,159 visits/mo
0.4 miles
Exxon
Shops & Services
12,209 visits/mo
0.4 miles
Demographics for 28205, NC
49,600
Population
24,605
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
86%
High-School Grad
11.8 sq mi
ZIP Area
4,203
Density / Sq Mi
$72,479
Median Household Income
$49,340
Median Earnings
$1,376
Median Rent
$410,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Charlotte, NC
Similar Off Market Nearby
- Flowers Plus — 4412b Monroe Rd, Charlotte, NC 28205
- FASHION FLOWERS GIFTS & GOURMET — 3010 Monroe Rd, Charlotte, NC 28205
Frequently Asked Questions
What type of property is this?
Storefront property - The layout includes a front reception area and space for private offices.
Where is this storefront property located?
The property is located at 3811 Monroe Road Charlotte, NC.
What are key features of this property?
This property features: 1,500 square feet of storefront space; Front reception area with space for private offices; Built in 1955
