Office-Endcap Retail/Office
For Sale
Contact for pricing
6161 E Independence Blvd, Charlotte, NC 28212
Endcap building fronting East Independence Blvd, currently configured with offices, reception area, and three restrooms.
Property Size3,850 SF
Price / SF$285.71
Days on Market165
Property Features for 6161 E Independence Blvd
General Information
Standard status
Active
Size
3,850 SF
Total Parking Spaces
12
Property subtype
RETAIL
Additional Details
Road Access
Yes
Amenities
security and camera system
marquee signage
CAT5 wiring
Listing Agency:
Queen City Commercial, LLC
Listed By:
Shawn George · License #274896
(704) 503-9608
Source:
Moodyscre
Added: May 6
Changed: Oct 16
Last Checked: Oct 16 at 7:24AM
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 Queen City Commercial, LLC
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Investment Insights
Based on property information with market context.
This endcap building is currently set up for an office end use, with a layout that includes 11 offices, a reception/waiting area, and three restrooms. The interior rooms may be removed to create a more open floor plan. Recent capital improvements include the roof, flooring, plumbing, and paint, and the building is fully hard-wired with CAT5 and equipped with an ADT security and camera system.
The property fronts East Independence Blvd in Charlotte and includes 12 parking spaces plus marquee signage. The parking lot will need to be resealed and striped.
The property fronts East Independence Blvd in Charlotte and includes 12 parking spaces plus marquee signage. The parking lot will need to be resealed and striped.
Key Highlights
- Endcap building fronting East Independence Blvd in Charlotte
- Currently configured for office use with 11 offices, reception/waiting area, and three restrooms
- Interior rooms may be removed to create an open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,461
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,220
$1.3M
Cap Rate 7%
$920,871
$920.9K
Cap Rate 9%
$716,233
$716.2K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$94.7K $24.60/SF
− Vacancy
−$2.6K −$0.68/SF
EGI
$92.1K $23.92/SF
− OpEx
−$27.6K −$7.18/SF
NOI
$64.5K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,220
Cap Rate 7%
$920,871
Cap Rate 9%
$716,233
Alternative Uses
Best Use
Retail
$920.9K
$805.8K – $1.07M
NOI $64,461 @ 7.0% cap · market cap 5.86%
Second Best
Office B
$849.4K
$743.2K – $991.0K
NOI $59,459 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,744 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 28212, NC
41,009
Population
17,417
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
4,458
Density / Sq Mi
$51,530
Median Household Income
$35,596
Median Earnings
$1,274
Median Rent
$236,300
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 Charlotte, NC
Frequently Asked Questions
What type of property is this?
Office units - Endcap building fronting East Independence Blvd, currently configured with offices, reception area, and three restrooms.
Where is this office units located?
The property is located at 6161 E Independence Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Endcap building fronting East Independence Blvd in Charlotte; Currently configured for office use with 11 offices, reception/waiting area, and three restrooms; Interior rooms may be removed to create an open floor plan
