Four-Unit Townhome
For Sale
$1,599,000
8927 8929 8931 8935 Sharonbrook Dr, Charlotte, NC 28210
Newly built, individually deeded townhomes offer four-bedroom, four-bath layouts with a bedroom and bath on the main living level.
Property Size8,268 SF
Price / SF$193.40
Days on Market40
Property Features for 8927 8929 8931 8935 Sharonbrook Dr
General Information
Standard status
Active
Size
8,268 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 4BR/4BA
Multifamily Units
4
Building Details
Year Built
2025
Buildings
4
Listing Agency:
Nueman Real Estate Inc
(704) 747-2289
Listed By:
Samuel Nueman · License #250986
Source:
Lewisandkirk
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 9:11PM
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 Nueman Real Estate Inc
Investment Insights
Based on property information with market context.
This multifamily offering includes four newly constructed townhomes at 8927, 8929, 8931, and 8935 Sharonbrook Drive. Together, the portfolio provides 16 bedrooms and 16 bathrooms, with each residence configured as a four-bedroom, four-bath home. A bedroom and full bath are located on the main living level, adding flexibility to the floor plan. The units are individually deeded and may also be purchased separately.
Completed in 2025, the properties carry new-construction warranties. The townhomes are in South Charlotte, with access to the Blue Line Light Rail, I-485, and Little Sugar Creek Greenway within minutes. The offering is available as a package or on an individual-unit basis.
Completed in 2025, the properties carry new-construction warranties. The townhomes are in South Charlotte, with access to the Blue Line Light Rail, I-485, and Little Sugar Creek Greenway within minutes. The offering is available as a package or on an individual-unit basis.
Key Highlights
- Four newly constructed townhomes completed in 2025
- Portfolio totals 16 bedrooms and 16 bathrooms
- Each unit offers a 4BR/4BA layout
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
$100,041
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
6.26%
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%
$2,000,820
$2.0M
Cap Rate 7%
$1,429,157
$1.4M
Cap Rate 9%
$1,111,567
$1.1M
Market Conditions
NOI Build-Up for 8,268 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
$192.5K $23.28/SF
− Vacancy
−$10.6K −$1.28/SF
EGI
$181.9K $22.00/SF
− OpEx
−$81.9K −$9.90/SF
NOI
$100.0K $12.10/SF
Area
Charlotte, NC
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$2,000,820
Cap Rate 7%
$1,429,157
Cap Rate 9%
$1,111,567
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,041 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,728 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 28210, NC
46,843
Population
22,376
Households
2.1
Avg Household Size
37
Median Age
60%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
3,778
Density / Sq Mi
$94,145
Median Household Income
$54,965
Median Earnings
$1,444
Median Rent
$486,000
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?
Multifamily property - Newly built, individually deeded townhomes offer four-bedroom, four-bath layouts with a bedroom and bath on the main living level.
Where is this multifamily property located?
The property is located at 8927 8929 8931 8935 Sharonbrook Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four newly constructed townhomes completed in 2025; Portfolio totals 16 bedrooms and 16 bathrooms; Each unit offers a 4BR/4BA layout
