Office Condominium with Reception
For Sale
$210,000
602-224 Westinghouse Blvd, Charlotte, NC 28273
A compact professional suite includes private offices, a kitchenette, and a restroom.
Property Size598 SF
Price / SF$351.17
Days on Market14
Property Features for 602-224 Westinghouse Blvd
General Information
Standard status
Active
Size
598 SF
Zoning
ML-2
Additional Details
Highway Access
Yes
Listing Agency:
Lifestyle International Realty
(704) 340-3822
Listed By:
Jazel Issa
(704) 828-2342
Source:
Exprealty
Added: Oct 8
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 Lifestyle International Realty
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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 598-square-foot office condominium has a reception area, private offices, updated flooring, neutral finishes, a kitchenette, and a restroom. Zoned ML-2, the unit may accommodate commercial uses permitted under the zoning and association requirements.
The property is at 224 Westinghouse Blvd in Charlotte, within an established commercial complex. It offers access to I-77, I-485, Charlotte Douglas International Airport, and surrounding business districts.
The property is at 224 Westinghouse Blvd in Charlotte, within an established commercial complex. It offers access to I-77, I-485, Charlotte Douglas International Airport, and surrounding business districts.
Key Highlights
- 598‑square‑foot office condominium
- Reception area and private offices
- Kitchenette and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,236
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,720
$184.7K
Cap Rate 7%
$131,943
$131.9K
Cap Rate 9%
$102,622
$102.6K
Market Conditions
NOI Build-Up for 598 SF
Gross rent
$14.9K $24.96/SF
− Vacancy
−$2.6K −$4.37/SF
EGI
$12.3K $20.59/SF
− OpEx
−$3.1K −$5.15/SF
NOI
$9.2K $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%
$184,720
Cap Rate 7%
$131,943
Cap Rate 9%
$102,622
Alternative Uses
Best Use
Office B
$131.9K
$115.5K – $153.9K
NOI $9,236 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.1K
$174.2K – $232.3K
NOI $13,939 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 28273, NC
41,404
Population
19,236
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,840
Density / Sq Mi
$84,739
Median Household Income
$45,193
Median Earnings
$1,671
Median Rent
$304,900
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office unit - A compact professional suite includes private offices, a kitchenette, and a restroom.
Where is this office unit located?
The property is located at 602-224 Westinghouse Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 598‑square‑foot office condominium; Reception area and private offices; Kitchenette and restroom
