Move-in Ready LOSO Office
421 Minuet Ln Charlotte, NC
421 Minuet Ln, Charlotte, NC, 00000
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For Sale
Contact for pricing
Stand-alone office building in a rapidly growing area.
Property Size8,748 SF
Lot Size0.93 Acres
Price / SF$365.23
Days on Market296
Property Features for 421 Minuet Ln
General Information
- Standard status
- Active
- Size
- 8,748 SF
- Lot size
- 0.93 Acres
- Property subtype
- OFFICE
Listing Agency
Durkin Commercial Real Estate Advisors, LLC
(704) 858-4508
Listed by
Clay Durkin
(704) 858-4508
Source
Moodyscre
Added: Sep 25, 2025 Checked: Jul 17 at 3:00 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 Durkin Commercial Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This move-in ready, stand-alone office building offers approximately 8,748 square feet of space on a 0.98-acre lot in the Lower South End (LoSo) neighborhood. Constructed in 1972 and renovated in 2016, the property is zoned ML-2 (Manufacturing and Logistics). The layout features a front vestibule, waiting area, large conference room, multiple restrooms, a large kitchen and break area, 11 offices of varying sizes, open work areas, breakout spaces, an IT room, a storage room, and a janitorial room. It also includes an outdoor sitting area. A separate side suite with a private entrance presents a potential tenant revenue opportunity. The building is equipped with 6 HVAC units, including two recently installed units and two units that are 1-2 years old. The roof and gutters are cleaned annually. Ample on-site surface parking is available, with 27 marked spaces and additional unstriped options. There is an excellent monument signage opportunity. The property is within walking distance of two light rail stops and offers convenient access to major highways and the airport. LoSo is known for its mix of breweries, restaurants, art galleries, and retail shops, making it an attractive location for businesses seeking a lively urban environment. The property is functional for many businesses.
Key Highlights
- Move‑in ready, 8,748 sf office building in the rapidly growing LOSO area.
- Walking distance to two light rail stops (Woodlawn & Tyvola).
- Separate side suite with private entrance for potential tenant revenue.
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 | $218.4k | $24.96 |
| − Vacancy | −$38.2k | −$4.37 |
| EGI | $180.1k | $20.59 |
| − OpEx | −$45.0k | −$5.15 |
| NOI | $135.1k | $15.44 |
8,748 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,104 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,917 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Financial Network Investment ...
Financial Advisor
Global Patent Graphics ...
Marketing & Advertising
Worth Agency
Insurance Agency
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FAQs
What type of property is this?
Office building - Stand-alone office building in a rapidly growing area.
Where is this office building located?
The property is located at 421 Minuet Ln Charlotte, NC.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Move‑in ready, 8,748 sf office building in the rapidly growing LOSO area.; Walking distance to two light rail stops (Woodlawn & Tyvola).; Separate side suite with private entrance for potential tenant revenue.
