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    7400 Carmel Executive Park Dr Charlotte, NC 28226

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Highway 51 location, flexible suites.

    Lot size:
    57,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Carmel Executive Park offers 21,410 square feet of immediately available office space in a single, three-story building totaling 57,580 square feet. Located at 7400 Carmel Executive Park Drive in Charlotte, NC 28226, this property boasts a convenient Highway 51 location, providing easy access to I-485 and I-77, as well as Ballantyne, Fort Mill, and Uptown Charlotte. Built in 1986, the building sits on 3.93 acres and features 156 parking spaces. The property is zoned O-1 and has an APN of 211-201-44. Suites are available in sizes ranging from a minimum of 1,500 square feet up to a maximum contiguous space of 14,168 square feet, offering flexibility for businesses of various sizes. The property's traditional office layout is suitable for a range of professional uses. The multiple tenancy structure allows for diverse occupancy. This location offers a vibrant suburban atmosphere with excellent connectivity to major transportation arteries and key business districts. The property is ideal for businesses seeking a well-located, adaptable office space in a thriving Charlotte submarket.

    Property Features for 7400 Carmel Executive Park Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,580 SF
    Total Rate
    119958.33

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 120
    Size
    3,010 SF
    Rate per SF
    $25
    Space
    Suite 210
    Size
    2,946 SF
    Rate per SF
    $25
    Space
    Suite 310
    Size
    1,611 SF
    Rate per SF
    $25
    Space
    Suite 350
    Size
    5,670 SF
    Rate per SF
    $25
    Space
    Suite 370
    Size
    1,548 SF
    Rate per SF
    $25

    HighLights

    • South Charlotte location near residential and retail amenities.
    • Above‑average parking ratio (156 spaces).
    • Easy ingress/egress.
    • Excellent interstate access (I‑485 & I‑77).
    • On‑site property management.
    • Full‑service lease rate: $25.00 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mason Law, PC Law Firm Lehigh Hanson Inc Concrete Contractor KATHERINE SMITH PALMGREN Nurse Practitioner Katherine Palmgren Nurse Practitioner Gameday Men's Health ... Men'S Health Physician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8427523
    Latitude
    35.0888317

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    FAQs

    What type of property is this?
    Office space - Prime Highway 51 location, flexible suites.
    Where is this office space located?
    The property is located at 7400 Carmel Executive Park Dr Charlotte, NC.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: South Charlotte location near residential and retail amenities.; Above-average parking ratio (156 spaces).; Easy ingress/egress.
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    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.

    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
    7400 Carmel Executive Park Dr Charlotte, NC 28226
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