Charlotte Office Building For
For Sale
$1,150,000
5511 Monroe Road, Charlotte, NC 28212
Office building with interest in common areas, for sale.
Property Size3,536 SF
Price / SF$325.23
Days on Market312
Property Features for 5511 Monroe Road
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
TAKE FLIGHT PROPERTIES
(704) 763-2051
Listed By:
HENRY BLANTON
Source:
Corcoran
Added: Sep 22, 2025
Changed: Jul 6
Last Checked: Jul 30 at 6:51AM
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 TAKE FLIGHT PROPERTIES
Investment Insights
Based on property information with market context.
This commercial property is an office building with a building footprint that matches the quoted acreage. The building owner has an interest in the common areas, including parking lots, green space, the entry drive, dumpster enclosure, and utilities. The property contains 3,536 square feet.
Key Highlights
- Building owner has interest in common areas.
- Includes interest in parking lots.
- Includes interest in green space.
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 | $88.3k | $24.96 |
| − Vacancy | −$15.4k | −$4.37 |
| EGI | $72.8k | $20.59 |
| − OpEx | −$18.2k | −$5.15 |
| NOI | $54.6k | $15.44 |
3,536 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$780.1K
$682.6K – $910.2K
NOI $54,610 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,425 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Demographics for 28212, NC
41,009
Population
17,417
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
4,458
Density / Sq Mi
$51,530
Median Household Income
$35,596
Median Earnings
$1,274
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with interest in common areas, for sale.
Where is this office building located?
The property is located at 5511 Monroe Road Charlotte, NC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Building owner has interest in common areas.; Includes interest in parking lots.; Includes interest in green space.
