Freestanding Retail Building with
For Sale
Contact for pricing
3730 Brookshire Blvd, Charlotte, NC 28216
Freestanding 3900 SF retail building on 0.90 acres.
Property Size4,272 SF
Lot Size0.90 Acres
Price / SF$409.64
Days on Market1645
Property Features for 3730 Brookshire Blvd
General Information
Standard status
Active
Size
4,272 SF
Class
B
Lot size
0.90 Acres
Property subtype
Retail
Zoning
B-1
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1977
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CharCom Properties
Listed By:
Vernon L. Wood · License #NC 51244
Source:
Crexi
Added: Feb 18, 2022
Changed: Aug 8
Last Checked: Aug 18 at 9:01PM
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 CharCom Properties
Investment Insights
Based on property information with market context.
This freestanding brick building, constructed in 1977, features a drive-thru and encompasses 3900 square feet. Situated on a 0.90-acre corner lot, the property benefits from high visibility at the intersection of I-85 and Brookshire Boulevard (NC 16 Hwy). Zoned B-1, the space has previously accommodated a pawnshop, sweepstakes business, and other retail ventures. Ample parking is available. Located in Northwest Charlotte, the property is positioned minutes from Charlotte's Central Business District and I-77.
Key Highlights
- Prime corner lot at I‑85 and Brookshire Blvd (NC 16 Hwy) offers high visibility.
- Freestanding 3900 SF brick building with drive‑thru.
- Zoned B‑1, suitable for various retail uses.
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
$71,526
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
4.09%
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%
$1,430,520
$1.4M
Cap Rate 7%
$1,021,800
$1.0M
Cap Rate 9%
$794,733
$794.7K
Market Conditions
NOI Build-Up for 4,272 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
$105.1K $24.60/SF
− Vacancy
−$2.9K −$0.68/SF
EGI
$102.2K $23.92/SF
− OpEx
−$30.7K −$7.18/SF
NOI
$71.5K $16.74/SF
Area
ZIP 28216
Vacancy
2.77%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,430,520
Cap Rate 7%
$1,021,800
Cap Rate 9%
$794,733
Alternative Uses
Best Use
Retail
$1.02M
$894.1K – $1.19M
NOI $71,526 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,415 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 39%
Hotels & Casinos 1%
QuikTrip
Shops & Services
36,131 visits/mo
0.3 miles
Starbucks
Dining
12,216 visits/mo
0.2 miles
Burger King
Dining
11,478 visits/mo
0.2 miles
Jack in the Box
Dining
9,886 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,304 visits/mo
0.3 miles
Demographics for 28216, NC
57,196
Population
24,902
Households
2.3
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
30.0 sq mi
ZIP Area
1,907
Density / Sq Mi
$64,977
Median Household Income
$43,643
Median Earnings
$1,464
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding 3900 SF retail building on 0.90 acres.
Where is this retail space located?
The property is located at 3730 Brookshire Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime corner lot at I‑85 and Brookshire Blvd (NC 16 Hwy) offers high visibility.; Freestanding 3900 SF brick building with drive‑thru.; Zoned B‑1, suitable for various retail uses.
