Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    508 W 5Th St Charlotte, NC 28202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Premier office space in a beautifully restored historic cotton mill.

    Property size:
    3,106 SF
    Lot size:
    0.35 Acres

    Property Features for 508 W 5Th St

    General Information

    Size
    3,106 SF
    Lot size
    0.35 Acres

    We can help!

    Listing Contact
    Isaac Nifong
    Isaac Nifong
    Source: Moodyscre

    Listing Agency: NEW BRANCH REAL ESTATE ADVISOR Listing Agent: Isaac Nifong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Charlotte Cotton Mills Office

    This property offers a rare opportunity to purchase premier office space within the historic Charlotte Cotton Mills, a restored 1895 cotton mill blending architecture with modern functionality. The 3,106 RSF (2,655 USF) suite is suited for professional users seeking a distinctive work environment. It features exposed brick walls, recent renovations, and tall ceilings. The property is surrounded by residential lofts, restaurants, and Uptown Charlotte amenities, offering a balance of historic charm and urban convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Houlihan Lokey Bank Benson TG Consultant Independent Mapping Consultants IT Consulting Firm GPI Geospatial, Inc. IT Consulting Firm Unity FI Solutions Business Service Center

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8459357
    Latitude
    35.231956

    Nearby Similar for Sale

    • $550,000
      0.25 Acres

      Commercial Opportunity Near Uptown Charlotte

      Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
      738 Pierson Dr, Charlotte, NC 28205
      View Details
    • $295,000
      2.50 Acres

      Crown Centre Office Suite

      1,100 SF office suite with open layout and offices.
      2101 Sardis Rd N, Charlotte, NC 28227
      View Details
    • $1,100,000
      0.05 Acres

      Office Building on Monroe Road

      Energy-efficient office building with solar array in Charlotte, NC.
      5513 Monroe Rd, Charlotte, NC 28212
      View Details
    • $1,200,000
      0.09 Acres

      Commercial Building in Charlotte, NC

      Office building for sale in Charlotte, North Carolina.
      5511 Monroe Rd, Charlotte, NC 28212
      View Details
    • $1,750,000
      0.60 Acres

      Versatile Commercial Office in Oakhurst

      Multi-use commercial office space in a prime Charlotte location.
      5101 Monroe Rd, Charlotte, NC 28205
      View Details
    • $2,500,000
      0.73 Acres

      Charlotte Retail Investment Opportunity

      Two retail buildings on 0.733 acres in Charlotte, NC.
      2934 Shamrock Dr, Charlotte, NC 28205
      View Details
    • New
      $475,000
      2,310 SF

      South Charlotte Duplex Investment Opportunity

      Rare duplex in South Charlotte on a large corner lot.
      8001 Carmel Rd, Charlotte, NC 28226
      View Details
    • $625,000
      0.88 Acres

      Commercial Land on W Sugar Creek

      Commercial zoned land with road frontage on W. Sugar Creek Road.
      723 W Sugar Creek Rd, Charlotte, NC 28213
      View Details
    • New
      $305,000
      1,220 SF

      Modern Multi-Family in Charlotte, NC

      Bright, open floor plan near Park Road Shopping Center.
      1300 Reece Rd, Charlotte, NC 28209
      View Details
    • New
      $794,900
      Pending

      New Construction Duplex in Charlotte

      New construction duplex with modern amenities and convenient location.
      339 Gray Dr, Charlotte, NC 28213
      View Details
    • $443,999
      0.20 Acres

      Charlotte Duplex Opportunity Near Uptown

      Duplex near Uptown Charlotte with spacious backyard and investment potential.
      2607/2609 Celia Ave, Charlotte, NC 28216
      View Details
    • $495,000
      0.25 Acres

      Versatile Duplex in Charlotte, NC

      Duplex with strong rental potential or multi-generational living opportunity.
      4115 Tresevant Ave, Charlotte, NC 28208
      View Details

    FAQs

    What type of property is this?
    Office units - Premier office space in a beautifully restored historic cotton mill.
    Where is this office units located?
    The property is located at 508 W 5Th St Charlotte, NC.
    What are key features of this property?
    This property features: - Historic Charlotte Cotton Mills location: A beautifully restored 1895 cotton mill offering a unique and prestigious business address.; - Modern Functionality: Seamless blend of historic architecture with recent renovations and modern amenities.; - Unique Features: **Exposed brick walls and tall ceilings create an inspiring and distinctive work environment.**
    (704) 786-8888 Call to check price and availability
    Request Owner's contact information
    508 W 5Th St Charlotte, NC 28202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 W 5Th St
    Charlotte, NC 28202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 W 5Th St Charlotte, NC 28202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Isaac Nifong
    Isaac Nifong
    (704) 786-8888 (704) 451-9451 (980) 351-0230
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!