Historic Office
For Sale
Contact for pricing
500 John Street Room 3, Matthews, NC 28105
A private workspace in an 1877 building with shared conference and reception areas.
Property Size233 SF
Price / SF$4.29
Days on Market25
Property Features for 500 John Street Room 3
General Information
Standard status
Active
Size
233 SF
Property subtype
Office
Site & Location
Neighborhood
Sardis Patio
Highway Access
Yes
Additional Details
Property Use
Office
Amenities
shared conference room
waiting/reception areas
full bathrooms
Building Details
Year Built
1877
Listing Agency:
Lantern Realty & Development, LLC
(704) 298-0087
Listed By:
Zach Howder
(916) 396-0811
Source:
Luxefineproperties
Added: Oct 6
Changed: Oct 29
Last Checked: Oct 29 at 2:34PM
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 Lantern Realty & Development, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This private office measures approximately 233 SF, with dimensions of 15'3" by 15'3". The 1877 building features hardwood floors, high ceilings and a front porch. Shared amenities include a conference room, two furnished waiting and reception areas, two full bathrooms and designated parking spaces. Office occupants may personalize their space with owner approval.
The property is within walking distance of Downtown Matthews shops, restaurants and businesses. It is approximately 0.4 miles from I-485, less than 1 mile from Independence Boulevard, 11 miles from Uptown Charlotte and 18 miles from Charlotte Douglas International Airport.
The property is within walking distance of Downtown Matthews shops, restaurants and businesses. It is approximately 0.4 miles from I-485, less than 1 mile from Independence Boulevard, 11 miles from Uptown Charlotte and 18 miles from Charlotte Douglas International Airport.
Key Highlights
- Approximately 233 SF; dimensions are 15'3" × 15'3"
- Built in 1877, with hardwood floors, high ceilings and a front porch
- Shared conference room, two furnished waiting and reception areas, and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,086
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,720
$81.7K
Cap Rate 7%
$58,371
$58.4K
Cap Rate 9%
$45,400
$45.4K
Market Conditions
NOI Build-Up for 233 SF
Gross rent
$6.1K $26.04/SF
− Vacancy
−$619 −$2.66/SF
EGI
$5.4K $23.38/SF
− OpEx
−$1.4K −$5.85/SF
NOI
$4.1K $17.54/SF
Area
Mecklenburg County, NC
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%
$81,720
Cap Rate 7%
$58,371
Cap Rate 9%
$45,400
Alternative Uses
Best Use
Office B
$58.4K
$51.1K – $68.1K
NOI $4,086 @ 7.0% cap · market cap 408.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$75.3K
$65.9K – $87.8K
NOI $5,270 @ 7.0% cap · market cap 527.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 28105, NC
44,085
Population
17,906
Households
2.5
Avg Household Size
41
Median Age
52%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
1,900
Density / Sq Mi
$104,242
Median Household Income
$52,175
Median Earnings
$1,663
Median Rent
$389,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private workspace in an 1877 building with shared conference and reception areas.
Where is this office unit located?
The property is located at 500 John Street Room 3 Matthews, NC.
What are key features of this property?
This property features: Approximately 233 SF; dimensions are 15'3" × 15'3"; Built in 1877, with hardwood floors, high ceilings and a front porch; Shared conference room, two furnished waiting and reception areas, and two full bathrooms
