Office Units with Conference
New
For Sale
$750,000
575 Davidson Gateway Drive # 200, Davidson, NC 28036
Three office units include office areas, a conference room, kitchen, and bathroom.
Property Size2,972 SF
Price / SF$252.36
Days on Market5
Property Features for 575 Davidson Gateway Drive # 200
General Information
Standard status
Active
Size
2,972 SF
Elevators
Yes
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
could benefit from new carpet, fresh paint, and a touch of TLC
Additional Details
HOA Fee
$725.92
Highway Access
Yes
Amenities
Carpet,Wood
No
Building
City
1.09
On Street,Parking Lot
Paved
Slab
City Street
2972
Publicly Maintained Road
Building Details
Year Built
2004
Listing Agency:
Cole Real Estate Advisors
(864) 242-6650
Listed By:
Carole Atkison
(864) 787-1067
Source:
Cdanjoyner
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 7:11AM
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 Cole Real Estate Advisors
Investment Insights
Based on property information with market context.
The offering includes three office units with a combined 2,972 square feet. The built-out space contains office areas, a conference room, a kitchen, and a bathroom. Constructed in 2004, the property is being sold as-is; the seller notes that carpet and paint may need attention.
At 575 Davidson Gateway Drive in Davidson, the property has access to I-77 and downtown Davidson. The HOA covers exterior building components, including the roof, as well as the elevator, parking lot, landscaping, walkways, stairwells, and trash removal.
At 575 Davidson Gateway Drive in Davidson, the property has access to I-77 and downtown Davidson. The HOA covers exterior building components, including the roof, as well as the elevator, parking lot, landscaping, walkways, stairwells, and trash removal.
Key Highlights
- Three office units totaling 2,972 square feet
- Conference room, kitchen, bathroom, and office areas
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,123
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,460
$1.0M
Cap Rate 7%
$744,614
$744.6K
Cap Rate 9%
$579,144
$579.1K
Market Conditions
NOI Build-Up for 2,972 SF
Gross rent
$77.4K $26.04/SF
− Vacancy
−$7.9K −$2.66/SF
EGI
$69.5K $23.38/SF
− OpEx
−$17.4K −$5.85/SF
NOI
$52.1K $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%
$1,042,460
Cap Rate 7%
$744,614
Cap Rate 9%
$579,144
Alternative Uses
Best Use
Office B
$744.6K
$651.5K – $868.7K
NOI $52,123 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$960.3K
$840.3K – $1.12M
NOI $67,224 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
756
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Three office units include office areas, a conference room, kitchen, and bathroom.
Where is this office units located?
The property is located at 575 Davidson Gateway Drive # 200 Davidson, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three office units totaling 2,972 square feet; Conference room, kitchen, bathroom, and office areas; Built in 2004
