Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5132 Old Charlotte Hwy Monroe, NC 28110

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces in Publix-anchored shopping center, Indian Trail, NC.

    Type:Retail
    Added:
    Sep 5, 2024
    Days on Market:
    592
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 5132 Old Charlotte Hwy

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 5132 Old Charlotte Hwy Contact us

    We can help!

    Listing Contact
    Kori Wing

    Listing agent Kori Wing License #215380

    Listing office MetCap Commercial

    Listing date Sep 5, 2024

    Source Crexi

    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 MetCap Commercial

    Overview

    Publix-Anchored Shopping Center For Rent

    This shopping center is anchored by Publix and located in Indian Trail, NC. The site is surrounded by residential properties and is located across the street from Sun Valley Middle and High Schools. Hanfield Village Shopping Center includes restaurants such as East Coast Wings, Shoku, and Jet’s Pizza, as well as national tenants like Club Pilates and Geico. The property is suitable for retail and restaurant businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City National Bank ... Bank Publix Pharmacy at Shoppes ... Pharmacy Redbox Cinema Western Union Bank Publix Catering at Shoppes ... Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sun Valley Commons — 6467 Old Monroe Rd, Indian Trail, NC 28079
    • The Shops At Sun Valley — 6732 Old Monroe Rd, Indian Trail, NC 28079
    • Coinstar Kiosk | Bitcoin ATM — Harris Teeter, 6610 Old Monroe Rd, Indian Trail, NC 28079

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.6420825
    Latitude
    35.0482383

    Nearby Similar for Lease

    • Contact for pricing

      Prime Office Space Near Courthouse

      Office space near Monroe Courthouse with modern convenience and historic charm.
      105 S Main Street, Monroe, NC 28112
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      10,400 SF retail space in Monroe, NC for lease.
      2520 W Roosevelt Boulevard, Monroe, NC 28110
      View Details
    • $22/mo

      Prime Retail/Office Space Available

      1,290 SF end-cap suite near Monroe Crossing Mall.
      2160 Commerce Dr, Monroe, NC
      View Details
    • Contact for pricing

      Regional Mall in Monroe, NC

      395,000 square foot regional mall in suburban Charlotte, NC.
      2115 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Restaurant with Drive-Thru for Sublease

      3,176 SF restaurant with drive-thru available for sublease.
      1302 West Roosevelt Boulevard, Monroe, NC, 28110
      View Details
    • $16/mo

      Industrial Space Available For Lease

      1,500 SF industrial space with office and dock-high loading.
      2630 Nelda Drive, Monroe, NC, 28110
      View Details
    • $16/mo

      Industrial Space Available For Lease

      3,000 square feet of industrial space for rent.
      4820 Starcrest Dr, Monroe, NC
      View Details
    • $16/mo

      Retail or Office Space Available

      Retail or office space near Skyway Drive and US 74.
      100 W Myers St, Monroe, NC
      View Details
    • Contact for pricing

      Industrial Space in Monroe, NC

      4,000 SF industrial suite available for lease.
      3308 Westwood Industrial Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Monroe Flex Space Available

      4,000 SF suite with private offices and parking.
      1643 Campus Park Drive, Monroe, NC, 28112
      View Details
    • $20/mo

      New Office Space Available

      Newly constructed office space for rent in Monroe, NC.
      1620-1622 Skyway Dr, Monroe, NC
      View Details
    • Contact for pricing

      Monroe Industrial Suites Available For Rent

      Industrial suites with dock-high access for rent in Monroe.
      2740 Gray Fox Road, Monroe, NC, 28110
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces in Publix-anchored shopping center, Indian Trail, NC.
    Where is this shopping center located?
    The property is located at 5132 Old Charlotte Hwy Monroe, NC.
    What are key features of this property?
    This property features: Publix‑anchored center, providing a strong draw for customers.; Located in the heart of Indian Trail, NC, offering a central and accessible location.; Surrounded by residential properties, ensuring a steady flow of potential customers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kori Wing
    Real Estate License ID: 215380
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!