5525 Albemarle Rd, Charlotte, NC
Vacant, renovated office space near downtown Charlotte with ample parking.
- Added:
- May 16, 2023
- Days on Market:
- 1137
- Last Refresh:
- May 20 at 9:43 pm
Property Features for 5525 Albemarle Rd
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 6.07 Acres
- Property subtype
- OFFICE
Listing office MPV Properties (704) 367-5017
Listing date May 16, 2023
Source Moodyscre
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 MPV Properties
HighLights
- Vacant space available from ±5,000 up to 30,000 sf
- Brand new, totally renovated lobbies and bathrooms
- Brand new HVAC rooftop units with bipolar ionization filters
- Generous tenant improvement allowance available
- Located less than 10 minutes from downtown Charlotte CBD
- 168 parking spaces – 4/1,000 RSF
Overview
Local 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 | $748.8k | $24.96 |
| − Vacancy | −$131.0k | −$4.37 |
| EGI | $617.8k | $20.59 |
| − OpEx | −$154.4k | −$5.15 |
| NOI | $463.3k | $15.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7535
- Latitude
- 35.2049
