Harris Station Shopping
8424-8432 Old Statesville Road, Charlotte, NC 28269
For Sale
Contact for pricing
Commercial-use zoning and Old Statesville Road frontage provide a retail-oriented setting with access to regional thoroughfares.
Property Size31,678 SF
Price / SF$184.67
Days on Market112
Property Features for 8424-8432 Old Statesville Road
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Traffic Count
Building Details
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
Colliers - Huntsville, Alabama
Listed By:
Clarke Todd · License #RE-14135
(256) 539-1686
Source:
Crexi
Added: Jul 21
Changed: Nov 6
Last Checked: Nov 8 at 7:44AM
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 Colliers - Huntsville, Alabama
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Shops at Harris Station is a shopping center at 8424-8432 Old Statesville Road in Charlotte, North Carolina. The property was built in 1966 and carries Commercial Use zoning, supporting its identification as a retail-oriented commercial asset. The listing provides a PropertySize of 31,678, although no measurement unit is specified.
The center fronts Old Statesville Road, which carries 14K VPD, and sits near W W. T. Harris Blvd, identified at 36K VPD. Regional connectivity includes a location less than two miles from I-77 and an approximately 15-minute drive to Uptown Charlotte. The property is also positioned within the planned Charlotte Red Line corridor, a proposed commuter rail connection between Uptown Charlotte and northern Mecklenburg County.
The center fronts Old Statesville Road, which carries 14K VPD, and sits near W W. T. Harris Blvd, identified at 36K VPD. Regional connectivity includes a location less than two miles from I-77 and an approximately 15-minute drive to Uptown Charlotte. The property is also positioned within the planned Charlotte Red Line corridor, a proposed commuter rail connection between Uptown Charlotte and northern Mecklenburg County.
Key Highlights
- Shopping center at 8424‑8432 Old Statesville Road, Charlotte, NC 28269
- Commercial Use zoning
- 14K VPD along Old Statesville Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$443,049
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,860,980
$8.9M
Cap Rate 7%
$6,329,271
$6.3M
Cap Rate 9%
$4,922,767
$4.9M
Market Conditions
NOI Build-Up for 31,678 SF
Gross rent
$684.2K $21.60/SF
− Vacancy
−$51.3K −$1.62/SF
EGI
$632.9K $19.98/SF
− OpEx
−$189.9K −$5.99/SF
NOI
$443.0K $13.99/SF
Area
ZIP 28269
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,860,980
Cap Rate 7%
$6,329,271
Cap Rate 9%
$4,922,767
Alternative Uses
Best Use
Retail
$6.33M
$5.54M – $7.38M
NOI $443,049 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.97M
$8.72M – $11.63M
NOI $697,930 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Home Improvements & Furnishings 8%
Exxon
Shops & Services
9,992 visits/mo
0.1 miles
BP
Shops & Services
9,237 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,454 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
945 visits/mo
0.3 miles
Grease Monkey
Shops & Services
849 visits/mo
0.1 miles
Demographics for 28269, NC
82,422
Population
33,124
Households
2.5
Avg Household Size
35
Median Age
46%
College-Educated
92%
High-School Grad
30.6 sq mi
ZIP Area
2,694
Density / Sq Mi
$81,063
Median Household Income
$48,045
Median Earnings
$1,607
Median Rent
$300,300
Median Home Value
Market
Vacancy Rate% for Retail in Charlotte, NC
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Harris Teeter, 8445 Davis Lake Pkwy, Charlotte, NC 28269
- The Shoppes at Davis Lake — Davis Lake Pkwy, Charlotte, NC 28269
Frequently Asked Questions
What type of property is this?
Shopping center - Commercial-use zoning and Old Statesville Road frontage provide a retail-oriented setting with access to regional thoroughfares.
Where is this shopping center located?
The property is located at 8424-8432 Old Statesville Road Charlotte, NC.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Shopping center at 8424‑8432 Old Statesville Road, Charlotte, NC 28269; Commercial Use zoning; 14K VPD along Old Statesville Road
