Industrial Property with Heavy Industrial
For Sale
Contact for pricing
8805 South Blvd, Charlotte, NC 28273
Industrial offering combining a heavy industrial building with approximately 7 acres of ML-1 and ML-2 land.
Property Size22,204 SF
Lot Size7.00 Acres
Price / SF$225.18
Days on Market52
Property Features for 8805 South Blvd
General Information
Standard status
Active
Size
22,204 SF
Lot size
7.00 Acres
Property subtype
INDUSTRIAL
Zoning
ML-1 and ML-2
Site & Location
Neighborhood
Hebron
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
industrial
Building Details
Buildings
1
Building Size
22,204 SF
Listing Agency:
Whiteside Properties
(704) 347-4676
Listed By:
Brooks Whiteside
(704) 763-9855
Source:
Moodyscre
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 6:45AM
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 Whiteside Properties
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.
This industrial offering includes a 22,204 SF heavy industrial building together with approximately +/- 7 AC of land. The land carries ML-1 and ML-2 designations, providing two stated industrial zoning classifications within the offering. The building is leased to Eco-Grip through October 31, 2028.
The property is located at 8805 South Blvd in Charlotte, North Carolina, with proximity to I-485, Westinghouse Blvd, and I-77. It is also near the Charlotte Light Rail Line. The offering represents the rear portion of the South Blvd industrial campus and combines an existing industrial improvement with a substantial land component.
The property is located at 8805 South Blvd in Charlotte, North Carolina, with proximity to I-485, Westinghouse Blvd, and I-77. It is also near the Charlotte Light Rail Line. The offering represents the rear portion of the South Blvd industrial campus and combines an existing industrial improvement with a substantial land component.
Key Highlights
- 22,204 SF heavy industrial building
- Approximately +/- 7 AC of ML‑1 and ML‑2 land
- Leased to Eco‑Grip through October 31, 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,707
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,534,140
$4.5M
Cap Rate 7%
$3,238,671
$3.2M
Cap Rate 9%
$2,518,967
$2.5M
Market Conditions
NOI Build-Up for 22,204 SF
Gross rent
$346.4K $15.60/SF
− Vacancy
−$22.5K −$1.01/SF
EGI
$323.9K $14.59/SF
− OpEx
−$97.2K −$4.38/SF
NOI
$226.7K $10.21/SF
Area
Charlotte, NC
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,534,140
Cap Rate 7%
$3,238,671
Cap Rate 9%
$2,518,967
Alternative Uses
Best Use
Industrial
$3.24M
$2.83M – $3.78M
NOI $226,707 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.39M
$6.47M – $8.63M
NOI $517,578 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
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 Industrial in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial offering combining a heavy industrial building with approximately 7 acres of ML-1 and ML-2 land.
Where is this industrial property located?
The property is located at 8805 South Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 22,204 SF heavy industrial building; Approximately +/- 7 AC of ML‑1 and ML‑2 land; Leased to Eco‑Grip through October 31, 2028
