5105 Reagan Drive, Charlotte, NC 28206
10,085 SF retail/flex building in high-demand Charlotte market.
- Added:
- Sep 15, 2025
- Days on Market:
- 290
- Last Refresh:
- Mar 16 at 1:26 pm
Property Features for 5105 Reagan Drive
General Information
- Standard status
- Active
- Size
- 10,085 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing office Coldwell Banker Commercial Realty
Listing date Sep 15, 2025
Source Crexi
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HighLights
- 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.
- Located in a growing corridor.
- Suitable for a range of uses (wellness, community outreach, markets, nonprofits, event space).
- Surrounding centers at 98% occupancy.
Overview
Local Financial Insights For Retail
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 | $248.1k | $24.60 |
| − Vacancy | −$6.9k | −$0.68 |
| EGI | $241.2k | $23.92 |
| − OpEx | −$72.4k | −$7.18 |
| NOI | $168.9k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7954634
- Latitude
- 35.2777178
