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    Davidson Office Space with Customization Title is generated by Realmo AI

    575 Davidson Gateway Drive, Davidson, NC 28036

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    For Sale
    $799,000

    SINGLE_FAMILY - Davidson, NC

    Type:Office
    Lot size:
    1.09 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    283
    Last Refresh:
    May 15 at 8:06 pm

    Property Features for 575 Davidson Gateway Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot, On Street
    Standard status
    Active
    APN
    00321195
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Description
    UNIT 2 BLD4 U/F 590-8

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    2004
    Flooring type
    Wood, Carpet
    Building materials
    Brick Partial

    We can help!

    Listing Contact
    Phil Puma
    Phil Puma

    Listing agent Phil Puma License #203114

    Listing office Puma & Associates Realty, Inc. 18716 W Catawba Ave, Cornelius, NC

    Listing date Aug 6, 2025

    MLS# 4282692

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent Davidson location with easy access to I77 and downtown Davidson.
    • Built out with office spaces, conference room, kitchen, and bathroom.
    • HOA covers exterior maintenance including roof, windows, parking lot, landscaping, and trash removal.
    • Opportunity for customization to tailor finishes and layout.
    • Includes parking lot and on‑street parking.
    • Built in 2004 with brick partial construction.

    Overview

    This office space in Davidson, North Carolina, offers an excellent location with convenient access to I-77 and downtown Davidson. The property is built out with office spaces, a conference room, a kitchen, and a bathroom. The Homeowner's Association (HOA) dues are monthly, totaling $725.92 for the three units ($243.47 for two units and $238.98 for the third). According to the seller, the HOA covers exterior building maintenance (including the roof), exterior windows (unless broken due to negligence), the parking lot, dumpsters and trash removal, outdoor walkways and stairwells, the elevator, and landscaping. Situated on a 1.09-acre lot, this property offers an opportunity for customization. While the property could benefit from new carpet, fresh paint, and general improvements, it is being offered as-is, providing future owners or tenants the flexibility to tailor the finishes, layout, and design elements to suit their specific tastes and functional needs. This office space presents a blank canvas for creative vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Friguglietti Pa Law Firm Miller Bowles Cushing, ... Law Firm AE Aesthetics Spa & Massage Center Skin Social Spa & Massage Center Simple Reverse Lending Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Davidson
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.86413
    Latitude
    35.49986

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    FAQs

    What type of property is this?
    Office units - Office space in Davidson with I-77 access, ready for customization.
    Where is this office units located?
    The property is located at 575 Davidson Gateway Drive Davidson, NC.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Excellent Davidson location with easy access to I77 and downtown Davidson.; Built out with office spaces, conference room, kitchen, and bathroom.; HOA covers exterior maintenance including roof, windows, parking lot, landscaping, and trash removal.
    (704) 578-8851
    We can help!
    Listing Contact
    Phil Puma
    Phil Puma
    Real Estate License ID: 203114
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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