Flex Facility with Outdoor
For Sale
Contact for pricing
4315 Taggart Creek Road, Charlotte, NC 28208
Single-user flex facility combining warehouse, office, specialized work areas, and outdoor storage.
Property Size29,524 SF
Lot Size3.59 Acres
Price / SF$202.89
Days on Market12
Property Features for 4315 Taggart Creek Road
General Information
Standard status
Active
Size
29,524 SF
Class
C
Total Parking Spaces
60
Lot size
3.59 Acres
Property subtype
Industrial
Zoning
ML-2 ANDO
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
20,024 SF
Office Build-Out
9,500 SF
Dock-High Doors
2
Drive-In Doors
3
Sprinkler System
Yes
Amenities
conference rooms
break room with kitchenette
training area
data room
Building Details
Year Built
1993
Buildings
1
Tenancy
Single
Building Size
29,524 SF
Listing Agency:
MECA Commercial Real Estate
Listed By:
Bryan Butler · License #241017
Source:
Crexi
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 4:55PM
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 MECA Commercial Real Estate
Investment Insights
Based on property information with market context.
This single-user flex facility contains approximately 29,524 SF on 3.59 acres, with approximately 20,024 SF of warehouse area and 9,500 SF of office space. The building provides 18-foot clear height, three drive-in doors, two dock doors with levelers, a wet sprinkler system, and five work bays. Specialized improvements include a wash bay, paint booth, welding area, Budgit overhead 2-ton cranes, and a mezzanine. Office areas include private rooms, conference space, cubicles, reception and foyer areas, a break room with kitchenette, training space, data room, and additional mezzanine offices.
Two outdoor storage areas total 18,360 SF. The property is zoned ML-2 ANDO and is located at 4315 Taggart Creek Road in Charlotte, near Billy Graham Parkway and Charlotte Douglas International Airport. Built in 1993, the facility offers a substantial combination of production, service, office, and storage improvements.
Two outdoor storage areas total 18,360 SF. The property is zoned ML-2 ANDO and is located at 4315 Taggart Creek Road in Charlotte, near Billy Graham Parkway and Charlotte Douglas International Airport. Built in 1993, the facility offers a substantial combination of production, service, office, and storage improvements.
Key Highlights
- Approximately ±29,524 SF flex facility on 3.59 acres
- Approximately ±20,024 SF warehouse and ±9,500 SF office space
- 18’ clear height with 3 drive‑in doors and 2 dock doors with levelers
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
$455,969
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
7.61%
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%
$9,119,380
$9.1M
Cap Rate 7%
$6,513,843
$6.5M
Cap Rate 9%
$5,066,322
$5.1M
Market Conditions
NOI Build-Up for 29,524 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
$736.9K $24.96/SF
− Vacancy
−$129.0K −$4.37/SF
EGI
$608.0K $20.59/SF
− OpEx
−$152.0K −$5.15/SF
NOI
$456.0K $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 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%
$9,119,380
Cap Rate 7%
$6,513,843
Cap Rate 9%
$5,066,322
Alternative Uses
Best Use
Office B
$6.51M
$5.70M – $7.60M
NOI $455,969 @ 7.0% cap · market cap 7.61%
Second Best
Warehouse
$5.23M
$4.58M – $6.10M
NOI $366,042 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$9.83M
$8.60M – $11.47M
NOI $688,209 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Single-user flex facility combining warehouse, office, specialized work areas, and outdoor storage.
Where is this flex space located?
The property is located at 4315 Taggart Creek Road Charlotte, NC.
What is the asking price?
The asking price for this property is $5,990,000.
What are key features of this property?
This property features: Approximately ±29,524 SF flex facility on 3.59 acres; Approximately ±20,024 SF warehouse and ±9,500 SF office space; 18’ clear height with 3 drive‑in doors and 2 dock doors with levelers
