Davidson Commercial Building For
For Sale
$988,000
511 Jetton Street, Davidson, NC 28036
Highly visible commercial building in desirable Davidson location, tenant occupied.
Property Size2,048 SF
Price / SF$482.42
Days on Market512
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$35,918
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,360
$718.4K
Cap Rate 7%
$513,114
$513.1K
Cap Rate 9%
$399,089
$399.1K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$53.3K $26.04/SF
− Vacancy
−$5.4K −$2.66/SF
EGI
$47.9K $23.38/SF
− OpEx
−$12.0K −$5.85/SF
NOI
$35.9K $17.54/SF
Area
Mecklenburg County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,360
Cap Rate 7%
$513,114
Cap Rate 9%
$399,089
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 28036, NC
21,244
Population
8,339
Households
2.5
Avg Household Size
39
Median Age
68%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
908
Density / Sq Mi
$144,920
Median Household Income
$66,202
Median Earnings
$1,709
Median Rent
$579,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Highly visible commercial building in desirable Davidson location, tenant occupied.
Where is this office unit 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.
