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

    5105 Reagan Dr Charlotte, NC 28206

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

    10,085 SF retail/flex building in high-demand Charlotte market.

    Property size:
    10,085 SF
    Lot size:
    1.00 Acre

    Property Features for 5105 Reagan Dr

    General Information

    Standard status
    Active
    Zoning
    CG
    Size
    10,085 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Azeem Hassan
    Source: Crexi

    Listing Agency: Coldwell Banker Commercial Realty Listing Agent: Azeem Hassan

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

    Learn more

    Overview

    Multi-Tenant Retail/Flex Building For Sale

    This 10,085 square foot multi-tenant retail/flex building is located between I-85 and Uptown Charlotte. It presents an opportunity in a high-demand market where surrounding centers have a 98% occupancy rate. The property is suitable for lease-up, repositioning, or for an owner-user. Its layout accommodates various uses, including wellness centers, community outreach centers, neighborhood markets, nonprofits, or event spaces. The property allows an operator to impact the community and benefit from area growth.
    Location Intelligence

    Current Use by Public Records

    Psi Sites Marketing & Advertising VISION OF HOPE MINISTRIES Church Monarch Group Realty Real Estate Agency U-Haul Neighborhood Dealer Car Rental Facility New Destiny Worship ... Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7954634
    Latitude
    35.2777178

    Nearby Similar for Sale

    • $1,050,000
      0.05 Acres

      Office Building on Monroe Road

      Energy-efficient office building with solar array and short-term leases.
      5513 Monroe Rd, Charlotte, NC 28212
      View Details
    • New
      $794,900
      4,010 SF

      New Construction Duplex in Charlotte

      New construction duplex with modern amenities and convenient location.
      339 Gray Dr, Charlotte, NC 28213
      View Details
    • New
      $720,000
      0.18 Acres

      Classic Duplex in Historic Elizabeth

      Charming Charlotte duplex, income potential, desirable location.
      2530 E 7Th St, Charlotte, NC 28204
      View Details
    • $755,000
      0.60 Acres

      Spacious Duplex on Large Lot

      2023 duplex with rental income potential, convenient location.
      14727 Choate Cir, Charlotte, NC 28273
      View Details
    • $1,150,000
      0.09 Acres

      Office Building on Monroe Road

      Office building for sale in Charlotte, North Carolina.
      5511 Monroe Rd, Charlotte, NC 28212
      View Details
    • New
      $719,000
      0.22 Acres

      New Construction Triplex in Charlotte

      New construction triplex with ADU, ideal for investors.
      729 Wabash Ave, Charlotte, NC 28208
      View Details
    • New
      $349,900
      1.06 Acres

      Charlotte Multifamily Property on Large Lot

      Multifamily property with rental income potential on over one acre.
      4019 Durham Ln, Charlotte, NC 28269
      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
      $738,000
      0.65 Acres

      Two Income Properties Near UNCC

      Two income-producing properties in Charlotte's University area near UNCC.
      9524 Robert Burns Ct, Charlotte, NC 28213
      View Details
    • New
      $425,000
      0.20 Acres

      Charlotte Duplex Near Uptown

      Duplex near Uptown Charlotte with investment or owner-occupant potential.
      2607/2609 Celia Ave, Charlotte, NC 28216
      View Details
    • New
      $620,000
      0.33 Acres

      Duplex in Convenient Charlotte Location

      Duplex near schools, shopping, and dining in Charlotte, NC.
      5729 Brickstone Dr, Charlotte, NC 28227
      View Details
    • $750,000
      0.34 Acres

      Charlotte Duplex with Large Lot

      Duplex in Selwyn Farms neighborhood, convenient to Uptown Charlotte.
      814 Selwyn Oaks Ct, Charlotte, NC 28209
      View Details

    FAQs

    What type of property is this?
    Retail space - 10,085 SF retail/flex building in high-demand Charlotte market.
    Where is this retail space located?
    The property is located at 5105 Reagan Dr Charlotte, NC.
    What are key features of this property?
    This property features: - High-demand market location between I-85 and Uptown Charlotte.; - Versatile 10,085 SF multi-tenant retail/flex building.; - Opportunity for lease-up, repositioning, or owner-user occupancy.
    Request Owner's contact information
    5105 Reagan Dr Charlotte, NC 28206
    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.
    5105 Reagan Dr
    Charlotte, NC 28206
    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
    5105 Reagan Dr Charlotte, NC 28206
    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!
    Listing Contact
    Azeem Hassan
    Real Estate License ID: 318643
    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!