Office Condo
For Sale
Contact for pricing
4520 Mint Hill Village Ln Suite 202, Mint Hill, NC 28227
Office condominium suited to an owner-user business beside Mint Hill Town Hall.
Property Size938 SF
Price / SF$240
Days on Market56
Property Features for 4520 Mint Hill Village Ln Suite 202
General Information
Standard status
Active
Size
938 SF
Class
B
Total Parking Spaces
60
Property subtype
Office
Zoning
General Business
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Walt Perry Realty
Listed By:
Jesse Perry · License #NC 151915
(704) 283-8181
Source:
Crexi
Added: Aug 12
Changed: Sep 26
Last Checked: Oct 5 at 5:27PM
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 Walt Perry Realty
Investment Insights
Based on property information with market context.
Suite 202 is a 938-square-foot office condominium at 4520 Mint Hill Village Ln in Mint Hill, North Carolina. Built in 2007, the property carries General Business zoning and is presented as move-in ready for an owner-user office operation.
The suite is directly beside Mint Hill Town Hall and near a housing development, retail, restaurants, healthcare, and other services. I-485 is approximately 2 miles away, while the property is 12.4 miles from Uptown Charlotte and 6.4 miles from downtown Matthews. Downtown Indian Trail and Union County are 8.5 miles away, downtown Monroe is 18.1 miles away, and Publix at Mint Hill Commons is 0.8 mile from the property. Neighboring Unit 201 is also available from the same ownership.
The suite is directly beside Mint Hill Town Hall and near a housing development, retail, restaurants, healthcare, and other services. I-485 is approximately 2 miles away, while the property is 12.4 miles from Uptown Charlotte and 6.4 miles from downtown Matthews. Downtown Indian Trail and Union County are 8.5 miles away, downtown Monroe is 18.1 miles away, and Publix at Mint Hill Commons is 0.8 mile from the property. Neighboring Unit 201 is also available from the same ownership.
Key Highlights
- 938 SF office condominium in Suite 202
- General Business zoning
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,451
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,020
$329.0K
Cap Rate 7%
$235,014
$235.0K
Cap Rate 9%
$182,789
$182.8K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$24.4K $26.04/SF
− Vacancy
−$2.5K −$2.66/SF
EGI
$21.9K $23.38/SF
− OpEx
−$5.5K −$5.85/SF
NOI
$16.5K $17.54/SF
Area
ZIP 28227
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,020
Cap Rate 7%
$235,014
Cap Rate 9%
$182,789
Alternative Uses
Best Use
Office B
$235.0K
$205.6K – $274.2K
NOI $16,451 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.2K
$292.4K – $389.9K
NOI $23,394 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 28227, NC
57,126
Population
23,179
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
40.2 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,322
Median Household Income
$41,742
Median Earnings
$1,412
Median Rent
$313,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium suited to an owner-user business beside Mint Hill Town Hall.
Where is this office units located?
The property is located at 4520 Mint Hill Village Ln Suite 202 Mint Hill, NC.
What is the asking price?
The asking price for this property is $225,120.
What are key features of this property?
This property features: 938 SF office condominium in Suite 202; General Business zoning; Built in 2007
