Medical Office
411 N Wendover Road Charlotte, NC 28211
411 N Wendover Road, Charlotte, NC, 28211
Contact for pricing
For Sale
Contact for pricing
Second-generation medical office condo in an established medical park, available immediately for purchase.
Property Size1,591 SF
Price / SF$250.79
Days on Market52
Property Features for 411 N Wendover Road
General Information
- Standard status
- Active
- Size
- 1,591 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Flagship Healthcare Properties
(704) 619-0473
Listed by
Reed Griffith · License #186046
Source
Crexi
Added: Jun 1 Updated: Jul 22 at 1:58AM Checked: Jul 22 at 6:54AM
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 Flagship Healthcare Properties
Investment Insights
Based on property information with market context.
This small medical office condo is located within an established medical park and represents a second-generation medical space. The unit is being offered for sale and is available immediately.
Positioned in the Midtown / Randolph Road medical submarket, the property is set up to support medical-related occupancy and is described as suitable for a variety of uses.
As a condo within a medical park, it offers an ownership option for professionals seeking an immediately available office space in a medical-focused setting.
Positioned in the Midtown / Randolph Road medical submarket, the property is set up to support medical-related occupancy and is described as suitable for a variety of uses.
As a condo within a medical park, it offers an ownership option for professionals seeking an immediately available office space in a medical-focused setting.
Key Highlights
- Second‑generation medical office condo in an established medical park
- Year built: 1985
- Available immediately
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 | $39.7k | $24.96 |
| − Vacancy | −$6.9k | −$4.37 |
| EGI | $32.8k | $20.59 |
| − OpEx | −$8.2k | −$5.15 |
| NOI | $24.6k | $15.44 |
1,591 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.0K
$307.1K – $409.5K
NOI $24,571 @ 7.0% cap · market cap 6.16%
Second Best
Healthcare Medical
$314.4K
$275.1K – $366.9K
NOI $22,011 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$529.8K
$463.6K – $618.1K
NOI $37,086 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Augustine Richard Eze
Physician
Metroview Vascular & Surgical: ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Second-generation medical office condo in an established medical park, available immediately for purchase.
Where is this medical office space located?
The property is located at 411 N Wendover Road Charlotte, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Second‑generation medical office condo in an established medical park; Year built: 1985; Available immediately
