Commercial Office Suites on
For Sale
$2,600,000
4523 Park Rd, Charlotte, NC 28209
Multi-unit office property near Uptown Charlotte with strong potential.
Property Size5,760 SF
Price / SF$451.39
Days on Market230
Property Features for 4523 Park Rd
General Information
Standard status
Active
Size
5,760 SF
Building Details
Year Built
1984
Listing Agency:
Gilleland Realty Inc
Listed By:
Lee Huss · License #347394
(704) 530-4418
Source:
Mycrosskeys
Added: Mar 5
Changed: Oct 16
Last Checked: Oct 7 at 2:40PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,957
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,140
$1.8M
Cap Rate 7%
$1,270,814
$1.3M
Cap Rate 9%
$988,411
$988.4K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$143.8K $24.96/SF
− Vacancy
−$25.2K −$4.37/SF
EGI
$118.6K $20.59/SF
− OpEx
−$29.7K −$5.15/SF
NOI
$89.0K $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 Rate 5%
$1,779,140
Cap Rate 7%
$1,270,814
Cap Rate 9%
$988,411
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 28209, NC
24,836
Population
13,410
Households
1.9
Avg Household Size
34
Median Age
70%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
4,516
Density / Sq Mi
$97,762
Median Household Income
$71,103
Median Earnings
$1,606
Median Rent
$596,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office unit - Multi-unit office property near Uptown Charlotte with strong potential.
Where is this office unit located?
The property is located at 4523 Park Rd 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.
