Charlotte Retail Building Near
7215 Smith Corners Blvd, Charlotte, NC 28269
Prime retail space near I-77 and North Lake Mall.
Type:Mixed Use, Office, Retail, Special Purpose
Property size:
36,735 SFLot size:
3.09 AcresPrice / SF:
$217/SF- Added:
- Oct 17, 2024
- Days on Market:
- 595
- Last Refresh:
- May 12 at 9:18 pm
Property Features for 7215 Smith Corners Blvd
General Information
- Standard status
- Active
- Size
- 36,735 SF
- Lot size
- 3.09 Acres
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Listing agent John N. Jones License #NC 63807
Listing office Ascent Real Estate Partners
Listing date Oct 17, 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 Ascent Real Estate Partners
HighLights
- Prime location directly across from North Lake Mall and adjacent to I‑77 (Exit 18 - Harris Blvd).
- Spacious 36,735 sq ft interior suitable for retail businesses.
- Easy access to I‑485 and surrounded by other major retailers.
- High ceilings and a large skylight.
- Located on 3.09 acres with convenient common parking.
- Built in 2003.
Overview
Located at 7215 Smith Corners Blvd near I-77 and Harris Blvd Exit 18, this retail building is positioned across from North Lake Mall, with convenient access to I-485. The property offers an opportunity for retail businesses in Charlotte's commercial landscape. Constructed in 2003, the building features 36,735 square feet of interior space, including high ceilings, a large skylight, and architectural elements. The property is situated on 3.09 acres with common parking. Zoned ML-1, the property is subject to Property Owners Association regulations. This retail space is located in Charlotte's retail district.
Local 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 | $969.8k | $26.40 |
| − Vacancy | −$79.5k | −$2.16 |
| EGI | $890.3k | $24.24 |
| − OpEx | −$222.6k | −$6.06 |
| NOI | $667.7k | $18.18 |
36,735 SF · lease $26.40/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.54M
$8.35M – $11.13M
NOI $667,710 @ 7.0% cap · market cap 8.35%
Second Best
Mixed Use
$8.33M
$7.29M – $9.72M
NOI $582,984 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$11.56M
$10.12M – $13.49M
NOI $809,346 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Rug Source - Oriental ...
Carpet & Flooring Store
Stickley Audi & Co.
Furniture & Home Goods
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8449239
- Latitude
- 35.3517774
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Prime retail space near I-77 and North Lake Mall.
Where is this retail space located?
The property is located at 7215 Smith Corners Blvd Charlotte, NC.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Prime location directly across from North Lake Mall and adjacent to I‑77 (Exit 18 - Harris Blvd).; Spacious 36,735 sq ft interior suitable for retail businesses.; Easy access to I‑485 and surrounded by other major retailers.
