New Flex Space
New
For Sale
$6,440,000
9233 Nations Ford Road, Charlotte, NC 28273
Unused commercial space with paved access in Charlotte, near downtown.
Property Size15,161 SF
Lot Size2.16 Acres
Price / SF$424.77
Days on Market2
Property Features for 9233 Nations Ford Road
General Information
Standard status
Active
Size
15,161 SF
Total Parking Spaces
74
Lot size
2.16 Acres
Property subtype
Commercial
Amenities
No
Building,Land
City
2.16
74
Paved
Publicly Maintained Road
Building Details
Year Built
2020
Building Size
15,161 SF
Listing Agency:
Better Homes and Gardens Real Estate Paracle
(864) 288-4048
Listed By:
Diane Milton · License #114319
(864) 230-0355
Source:
Cdanjoyner
Added: Sep 22
Last Checked: Sep 22 at 1:35PM
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 Better Homes and Gardens Real Estate Paracle
Investment Insights
Based on property information with market context.
This flex space property offers 15,161 square feet of newly completed commercial construction on 2.16 acres. The building has never been used, providing an unused interior for a business seeking a modern location without prior occupancy history.
Located at 9233 Nations Ford Road in Charlotte, the property fronts a publicly maintained road with paved access. Its acreage and commercial building area provide a substantial setting for business operations, while the location is described as just minutes from downtown.
Located at 9233 Nations Ford Road in Charlotte, the property fronts a publicly maintained road with paved access. Its acreage and commercial building area provide a substantial setting for business operations, while the location is described as just minutes from downtown.
Key Highlights
- 15,161 square feet of commercial building area
- 2.16‑acre property in Charlotte
- Building has never been used
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
$187,968
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
2.92%
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%
$3,759,360
$3.8M
Cap Rate 7%
$2,685,257
$2.7M
Cap Rate 9%
$2,088,533
$2.1M
Market Conditions
NOI Build-Up for 15,161 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
$236.5K $15.60/SF
− Vacancy
−$15.4K −$1.01/SF
EGI
$221.1K $14.59/SF
− OpEx
−$33.2K −$2.19/SF
NOI
$188.0K $12.40/SF
Area
Charlotte, NC
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$3,759,360
Cap Rate 7%
$2,685,257
Cap Rate 9%
$2,088,533
Alternative Uses
Best Use
Warehouse
$2.69M
$2.35M – $3.13M
NOI $187,968 @ 7.0% cap · market cap 2.92%
Second Best
Flex RnD
$2.36M
$2.06M – $2.75M
NOI $164,967 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$5.05M
$4.42M – $5.89M
NOI $353,405 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28273, NC
41,404
Population
19,236
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
90%
High-School Grad
22.5 sq mi
ZIP Area
1,840
Density / Sq Mi
$84,739
Median Household Income
$45,193
Median Earnings
$1,671
Median Rent
$304,900
Median Home Value
Market
Vacancy Rate% for Industrial in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Unused commercial space with paved access in Charlotte, near downtown.
Where is this flex space located?
The property is located at 9233 Nations Ford Road Charlotte, NC.
What is the asking price?
The asking price for this property is $6,440,000.
What are key features of this property?
This property features: 15,161 square feet of commercial building area; 2.16‑acre property in Charlotte; Building has never been used
