Office
For Sale
$1,150,000
5511 Monroe Road, Charlotte, NC 28212
Ownership includes parking, green space, access drives, utility areas, and a dumpster enclosure.
Property Size3,536 SF
Price / SF$325.23
Days on Market75
Property Features for 5511 Monroe Road
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Commercial
Amenities
Carpet,Laminate
No
Insulated Window(s),Window Treatments
Building,Business,Equipment,Fixtures,Land
City
0.092
Shared Parking lot in Complex.
plus ownership in common areas
Network Ready
Parking Lot,Parking Space(s),Shared Driveway
Paved
Crawl Space
City Street,Private Road
3536
1
Other - See Remarks
Building Details
Year Built
1981
Buildings
1
Stories
2
Listing Agency:
Home Realty and Mortgage LLC
(864) 242-6650
Listed By:
Andrew Fisher
(414) 841-8175
Source:
Cdanjoyner
Added: Aug 4
Changed: Oct 16
Last Checked: Oct 16 at 6:35AM
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 Home Realty and Mortgage LLC
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Investment Insights
Based on property information with market context.
This office building, constructed in 1981, includes ownership interests extending beyond the structure to shared site areas. Those areas include parking lots, landscaped green space, the entry drive, a dumpster enclosure, and utilities.
The property is located at 5511 Monroe Rd in Charlotte, North Carolina, within ZIP Code 28212.
The property is located at 5511 Monroe Rd in Charlotte, North Carolina, within ZIP Code 28212.
Key Highlights
- Office building constructed in 1981
- Ownership includes parking lots and green space
- Entry drive and utility areas are included in the ownership interest
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,610
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,200
$1.1M
Cap Rate 7%
$780,143
$780.1K
Cap Rate 9%
$606,778
$606.8K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$88.3K $24.96/SF
− Vacancy
−$15.4K −$4.37/SF
EGI
$72.8K $20.59/SF
− OpEx
−$18.2K −$5.15/SF
NOI
$54.6K $15.44/SF
Area
Charlotte, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,200
Cap Rate 7%
$780,143
Cap Rate 9%
$606,778
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office building - Ownership includes parking, green space, access drives, utility areas, and a dumpster enclosure.
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: Office building constructed in 1981; Ownership includes parking lots and green space; Entry drive and utility areas are included in the ownership interest
