Multi-Tenant Retail/Flex Building For
For Sale
Contact for pricing
5105 Reagan Drive, Charlotte, NC 28206
10,085 SF retail/flex building in high-demand Charlotte market.
Property Size10,085 SF
Price / SF$267.72
Days on Market387
Property Features for 5105 Reagan Drive
General Information
Standard status
Active
Size
10,085 SF
Property subtype
Retail
Zoning
CG
Lease Type
NN
Net Operating Income
$225,695
Building Details
Year Built
1994
Year Renovated
2022
Units
6
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Azeem Hassan · License #318643
Source:
Crexi
Added: Sep 15, 2025
Changed: Sep 28
Last Checked: Oct 5 at 5:48PM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,853
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,377,060
$3.4M
Cap Rate 7%
$2,412,186
$2.4M
Cap Rate 9%
$1,876,144
$1.9M
Market Conditions
NOI Build-Up for 10,085 SF
Gross rent
$248.1K $24.60/SF
− Vacancy
−$6.9K −$0.68/SF
EGI
$241.2K $23.92/SF
− OpEx
−$72.4K −$7.18/SF
NOI
$168.9K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,377,060
Cap Rate 7%
$2,412,186
Cap Rate 9%
$1,876,144
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.81M
NOI $168,853 @ 7.0% cap · market cap 6.25%
Second Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,735 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,083 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 28206, NC
14,053
Population
7,094
Households
2
Avg Household Size
33
Median Age
32%
College-Educated
83%
High-School Grad
7.0 sq mi
ZIP Area
2,008
Density / Sq Mi
$51,456
Median Household Income
$42,186
Median Earnings
$1,225
Median Rent
$239,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
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 Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $2,700,000.
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.
