Commercial Office Suites on
4523 Park Road Charlotte, NC 28209
4523 Park Road, Charlotte, NC, 28209
$2,600,000
For Sale
$2,600,000
Multi-unit office property near Uptown Charlotte with strong potential.
Property Size5,760 SF
Price / SF$451.39
Days on Market218
Property Features for 4523 Park Road
General Information
- Standard status
- Active
- Size
- 5,760 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency
GILLELAND REALTY INC
(704) 735-0099
Listed by
LEE HUSS
Source
Corcoran
Added: Dec 15, 2025 Updated: Jul 10 at 12:57 pm Checked: Jul 19 at 4:33 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 GILLELAND REALTY INC
Investment Insights
Based on property information with market context.
This multi-unit office property is located just off Park Road in Charlotte, North Carolina, south of Uptown and between Uptown, SouthPark, and Montford Drive. Situated approximately 5 miles from the heart of Charlotte, the property offers accessibility and visibility. The building comprises four office suites: A101A, A101B, A201, and A202, totaling 5,760 square feet. The property includes 23 designated parking spaces. Zoned OFC, the asset is suited for professional and office uses. It is suitable for an owner-occupant or an investor seeking a multi-unit office property. Total acreage reflects the entire parcel per GIS records and is not allocated or divided by individual suites. The property is currently leased through June 30, 2026. HOA dues for 2025 were $1,451.46 per month.
Key Highlights
- Prime Park Road location in a highly desirable area of Charlotte, NC.
- Multi‑unit office property featuring four suites totaling 5,760 square feet.
- Excellent accessibility and visibility, conveniently located only 5 miles from Uptown Charlotte.
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 | $143.8k | $24.96 |
| − Vacancy | −$25.2k | −$4.37 |
| EGI | $118.6k | $20.59 |
| − OpEx | −$29.7k | −$5.15 |
| NOI | $89.0k | $15.44 |
5,760 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,957 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,266 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nationwide Insurance: David ...
Insurance Agency
William Douglas Property ...
Property Management Company
Peterson Chiropractic
Alternative Medicine Practice
Hiers Chiropractic
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Fused Hair Studio
Hair Salon
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FAQs
What type of property is this?
Office units - Multi-unit office property near Uptown Charlotte with strong potential.
Where is this office units located?
The property is located at 4523 Park Road Charlotte, NC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Prime Park Road location in a highly desirable area of Charlotte, NC.; Multi‑unit office property featuring four suites totaling 5,760 square feet.; Excellent accessibility and visibility, conveniently located only 5 miles from Uptown Charlotte.
