Proposed Construction
For Sale
$680,000
7014 Ware Rd, Charlotte, NC 28212
Two-unit residential property with open interiors, private primary suites, and covered front porches.
Property Size3,010 SF
Price / SF$225.91
Days on Market41
Property Features for 7014 Ware Rd
General Information
Standard status
Active
Size
3,010 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
JCB Urban Company
(704) 334-2927
Listed By:
Brant McConkey
Source:
Highperformancerea
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 4:50AM
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 JCB Urban Company
Investment Insights
Based on property information with market context.
Planned for 2026, this duplex will provide two separately arranged residences, each measuring 1,523 square feet. The interiors are designed around open living areas, with kitchens featuring granite countertops and center islands. Each unit includes three bedrooms, including a primary suite with dual vanities and two closets. A Jack-and-Jill bathroom serves the additional bedrooms, while covered front porches and rear outdoor storage closets extend the usable space. Fiber cement siding and other low-maintenance materials are specified for the exterior.
The proposed property is located at 7014 Ware Rd in Charlotte, North Carolina. No HOA is associated with the project, giving the property a straightforward ownership structure for an owner-occupant or residential rental operator. The planned layout combines private bedroom accommodations with shared entertaining space in each unit.
The proposed property is located at 7014 Ware Rd in Charlotte, North Carolina. No HOA is associated with the project, giving the property a straightforward ownership structure for an owner-occupant or residential rental operator. The planned layout combines private bedroom accommodations with shared entertaining space in each unit.
Key Highlights
- Proposed 2026 duplex construction at 7014 Ware Rd, Charlotte, NC 28212
- Each unit contains 1,523 square feet with three bedrooms
- Granite kitchen countertops and large center islands in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$790,980
$791.0K
Cap Rate 7%
$564,986
$565.0K
Cap Rate 9%
$439,433
$439.4K
Market Conditions
NOI Build-Up for 3,010 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.6K $19.80/SF
− Vacancy
−$3.1K −$1.03/SF
EGI
$56.5K $18.77/SF
− OpEx
−$16.9K −$5.63/SF
NOI
$39.5K $13.14/SF
Area
Charlotte, NC
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$790,980
Cap Rate 7%
$564,986
Cap Rate 9%
$439,433
Alternative Uses
Best Use
Multifamily LT 5
$565.0K
$494.4K – $659.2K
NOI $39,549 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$520.3K
$455.3K – $607.0K
NOI $36,420 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.00M
$877.1K – $1.17M
NOI $70,164 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
181
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with open interiors, private primary suites, and covered front porches.
Where is this duplex located?
The property is located at 7014 Ware Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Proposed 2026 duplex construction at 7014 Ware Rd, Charlotte, NC 28212; Each unit contains 1,523 square feet with three bedrooms; Granite kitchen countertops and large center islands in both units
