Commercial Property Near Uptown
738 Pierson Drive Charlotte, NC 28205
738 Pierson Drive, Charlotte, NC, 28205
$459,900
For Sale
$459,900
Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
Property Size1,556 SF
Price / SF$295.57
Days on Market263
Property Features for 738 Pierson Drive
General Information
- Standard status
- Active
- Size
- 1,556 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing Agency
COLDWELL BANKER- CK SELECT
(704) 788-2255
Listed by
BRENDA KERNS · License #235328
Source
Corcoran
Added: Oct 30, 2025 Checked: Jul 19 at 4:45 am
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 COLDWELL BANKER- CK SELECT
Investment Insights
Based on property information with market context.
This commercial property, previously used as an accounting office, is located near Uptown Charlotte. The building offers excellent visibility and convenience, situated just off Highway 74, in proximity to Walmart and other major retailers. The property features multiple flexible-use rooms suitable for professional offices, medical facilities, or service businesses. It includes 1,556 square feet of space and provides ample parking with 7 dedicated spaces for clients and staff. The location offers high traffic and accessibility, making it suitable for business operations.
Key Highlights
- Prime location near Uptown Charlotte with high visibility and traffic.
- Excellent accessibility just off Highway 74, near major retailers like Walmart.
- Multiple flexible‑use rooms suitable for various professional or service businesses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.8k | $24.96 |
| − Vacancy | −$6.8k | −$4.37 |
| EGI | $32.0k | $20.59 |
| − OpEx | −$8.0k | −$5.15 |
| NOI | $24.0k | $15.44 |
1,556 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$343.3K
$300.4K – $400.5K
NOI $24,031 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.2K
$453.4K – $604.5K
NOI $36,271 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bumgarner Paul C
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
Where is this office units located?
The property is located at 738 Pierson Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Prime location near Uptown Charlotte with high visibility and traffic.; Excellent accessibility just off Highway 74, near major retailers like Walmart.; Multiple flexible‑use rooms suitable for various professional or service businesses.
