Office Building with Open
For Sale
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8845 Red Oak Blvd, Charlotte, NC 28217
Move-in ready single-tenant office building featuring a dramatic open atrium with abundant natural light.
Property Size50,000 SF
Lot Size6.00 Acres
Price / SF$259
Days on Market678
Property Features for 8845 Red Oak Blvd
General Information
Standard status
Active
Size
50,000 SF
Net Rentable
50,000 SF
Total Parking Spaces
212
Lot size
6.00 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
atrium
natural light
internal staircase
high ceilings
walking trails
outdoor patio
park-like setting
signage opportunities
Building Details
Year Built
2006
Buildings
1
Building Size
50,000 SF
Tenancy
Single
Parking Ratio
4.24 per 1,000 SF
Listing Agency:
CBRE | Charlotte
(704) 330-9988
Listed By:
John Christenbury
(704) 330-9988
Source:
Moodyscre
Added: Sep 23, 2024
Changed: Jul 30
Last Checked: Aug 1 at 3:38AM
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 CBRE | Charlotte
Investment Insights
Based on property information with market context.
This single-tenant office building offers approximately 50,000 rsf within a 6-acre site. The interior features a dramatic open atrium with abundant natural light, internal staircase access, and high ceilings. Completed in 2006 by FreemanWhite Architects as a built-to-suit for their offices, the building is presented in move-in ready condition with high-quality existing finishes. An on-site outdoor patio and a lakeside setting complement the interior space.
The property provides easy access to I-77 and I-485, with an approximately 15-minute drive to the airport, Uptown Charlotte, and SouthPark. The campus includes 212 existing parking spaces, a ratio of 4.24/1,000 sf, with opportunities to expand parking. Signage opportunities are visible from I-77.
Outside, the location sits within a park-like setting with walking trails, supporting an employee-friendly environment alongside the building’s interior atrium experience.
The property provides easy access to I-77 and I-485, with an approximately 15-minute drive to the airport, Uptown Charlotte, and SouthPark. The campus includes 212 existing parking spaces, a ratio of 4.24/1,000 sf, with opportunities to expand parking. Signage opportunities are visible from I-77.
Outside, the location sits within a park-like setting with walking trails, supporting an employee-friendly environment alongside the building’s interior atrium experience.
Key Highlights
- Approximately 50,000 rsf single‑tenant office building
- 6‑acre site with lakeside, park‑like setting and walking trails
- Dramatic open atrium with abundant natural light, internal staircase, and high ceilings
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 | $1.25M | $24.96 |
| − Vacancy | −$218.4k | −$4.37 |
| EGI | $1.03M | $20.59 |
| − OpEx | −$257.4k | −$5.15 |
| NOI | $772.2k | $15.44 |
50,000 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$11.03M
$9.65M – $12.87M
NOI $772,200 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.65M
$14.57M – $19.43M
NOI $1,165,507 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 28217, NC
28,955
Population
13,615
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
14.9 sq mi
ZIP Area
1,943
Density / Sq Mi
$60,397
Median Household Income
$37,338
Median Earnings
$1,498
Median Rent
$238,500
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in ready single-tenant office building featuring a dramatic open atrium with abundant natural light.
Where is this office building located?
The property is located at 8845 Red Oak Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $12,950,000.
What are key features of this property?
This property features: Approximately 50,000 rsf single‑tenant office building; 6‑acre site with lakeside, park‑like setting and walking trails; Dramatic open atrium with abundant natural light, internal staircase, and high ceilings
