Three-Unit Office
For Sale
$750,000
575 Davidson Gateway Drive #200, Davidson, NC 28036
Existing office buildout includes a conference room, kitchen, and bathroom.
Property Size2,972 SF
Price / SF$252.36
Days on Market12
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
a touch of TLC
Additional Details
Highway Access
Yes
Property Use
Office
Amenities
conference room
kitchen
bathroom
Building Details
Building Size
2,972 SF
Year Built
2004
Listing Agency:
Puma & Associates Realty, Inc.
Listed By:
Phil Puma · License #203114
(704) 578-8851
Source:
Geoffcampbell
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 29 at 10:54PM
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 Puma & Associates Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,972-square-foot office property contains three units and includes office areas, a conference room, kitchen, and bathroom. Constructed in 2004, the property is offered as-is. The HOA handles specified exterior elements, including the roof, parking area, elevator, landscaping, and shared walkways and stairwells.
At 575 Davidson Gateway Drive in Davidson, the property offers access to I-77 and downtown Davidson.
At 575 Davidson Gateway Drive in Davidson, the property offers access to I-77 and downtown Davidson.
Key Highlights
- Three office units totaling 2,972 square feet
- Office areas, conference room, kitchen, and bathroom
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Existing office buildout includes a conference room, kitchen, and bathroom.
Where is this office unit 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; Office areas, conference room, kitchen, and bathroom; Built in 2004
