Davidson Commercial Building For
511 Jetton Street Davidson, NC 28036
For Sale
$988,000
Highly visible commercial building in desirable Davidson location, tenant occupied.
Property Size2,048 SF
Price / SF$482.42
Days on Market417
Property Features for 511 Jetton Street
General Information
- Standard status
- Active
- Size
- 2,048 SF
Building Details
- Year Built
- 2017
Listing Agency:
TSG RESIDENTIAL
Listed By:
MICHAEL ORLANDO
Source:
Corcoran
Added: Jun 6, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 TSG RESIDENTIAL
Investment Insights
Based on property information with market context.
Located in a highly visible and desirable Davidson location on a prominent corner within the commercial district, this property is situated near I-77, the Harris Teeter complex, downtown Davidson, and Davidson College. Completed in 2017, the building offers 2048 square feet across two floors and is currently tenant-occupied with a lease extending until August 2026. The main level features two private offices, a waiting area, a break room with a kitchenette, and a third semi-private office or retail area. Accessible by stairs, the second floor includes a private office and a large meeting space. This property presents an attractive cash flow opportunity for investors or the potential for future business use at the conclusion of the current lease term.
Key Highlights
- Attractive cash flow with tenant in place until August 2026.
- Highly visible, desirable corner location in Davidson's commercial district.
- Proximity to I‑77, Harris Teeter, downtown Davidson, and Davidson College.
Financial Insights For Office B
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 | $53.3k | $26.04 |
| − Vacancy | −$5.4k | −$2.66 |
| EGI | $47.9k | $23.38 |
| − OpEx | −$12.0k | −$5.85 |
| NOI | $35.9k | $17.54 |
2,048 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$513.1K
$449.0K – $598.6K
NOI $35,918 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,324 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Robert Chester: Allstate ...
Insurance Agency
Carolinas Biofeedback Clinic
Physician
Allstate Personal Financial ...
Financial Advisor
FAQs
What type of property is this?
Office units - Highly visible commercial building in desirable Davidson location, tenant occupied.
Where is this office units located?
The property is located at 511 Jetton Street Davidson, NC.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Attractive cash flow with tenant in place until August 2026.; Highly visible, desirable corner location in Davidson's commercial district.; Proximity to I‑77, Harris Teeter, downtown Davidson, and Davidson College.
