Leased Two-Suite Medical
For Sale
Contact for pricing
9615 Kincey Avenue, Huntersville, NC 28078
Second-floor condominium with two occupied medical suites and HC (CD) zoning.
Property Size12,682 SF
Price / SF$356.46
Days on Market55
Property Features for 9615 Kincey Avenue
General Information
Standard status
Active
Size
12,682 SF
Class
A
Property subtype
Office
Zoning
HC (CD)
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$327,742
Additional Details
Floor
2
Cap Rate
7.25%
Office Units
2
Building Details
Year Built
2016
Buildings
1
Units
2
Tenancy
Multi
Listed By:
Chris Bunko · License #449106
Source:
Crexi
Added: Aug 24
Changed: Oct 8
Last Checked: Oct 16 at 9:24AM
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 Chris Bunko
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Investment Insights
Based on property information with market context.
This second-floor medical office condominium at Gilead Medical Center II contains 12,682 SF within a single tax parcel configured as two suites. Constructed in 2016, the property is currently leased in both suites, providing an established occupancy profile for a medical office acquisition.
The existing lease terms conclude within the early years of ownership, giving the next owner a defined point for future occupancy or re-tenanting decisions. The property is located at 9615 Kincey Avenue in Huntersville, North Carolina, and carries HC (CD) zoning. The offering reflects a 7.25% cap rate.
The existing lease terms conclude within the early years of ownership, giving the next owner a defined point for future occupancy or re-tenanting decisions. The property is located at 9615 Kincey Avenue in Huntersville, North Carolina, and carries HC (CD) zoning. The offering reflects a 7.25% cap rate.
Key Highlights
- 12,682 SF second‑floor medical office condominium
- Two suites within a single tax parcel
- Both suites are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,416
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,448,320
$4.4M
Cap Rate 7%
$3,177,371
$3.2M
Cap Rate 9%
$2,471,289
$2.5M
Market Conditions
NOI Build-Up for 12,682 SF
Gross rent
$330.2K $26.04/SF
− Vacancy
−$33.7K −$2.66/SF
EGI
$296.6K $23.38/SF
− OpEx
−$74.1K −$5.85/SF
NOI
$222.4K $17.54/SF
Area
Mecklenburg County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,448,320
Cap Rate 7%
$3,177,371
Cap Rate 9%
$2,471,289
Alternative Uses
Best Use
Office B
$3.18M
$2.78M – $3.71M
NOI $222,416 @ 7.0% cap · market cap 4.92%
Second Best
Healthcare Medical
$2.52M
$2.21M – $2.94M
NOI $176,631 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$4.10M
$3.59M – $4.78M
NOI $286,853 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28078, NC
67,863
Population
27,659
Households
2.5
Avg Household Size
37
Median Age
56%
College-Educated
97%
High-School Grad
63.7 sq mi
ZIP Area
1,065
Density / Sq Mi
$120,503
Median Household Income
$67,055
Median Earnings
$1,722
Median Rent
$441,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Petfolk Veterinary & Urgent Care - Huntersville — 14227 Boren St, Huntersville, NC 28078
- PetMedic Urgent Care Vet Clinic — 9826 Gilead Rd Suite C-105, Huntersville, NC 28078
- Knine Transport LLC — 9911 rose commons dr e-5018, huntersville, nc 28078
- Powers Veterinary Hospital — 13015 Rosedale Hill Ave #14b, Huntersville, NC 28078
- UrgentVet — 504 Gilead Rd Suite F3, Huntersville, NC 28078
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor condominium with two occupied medical suites and HC (CD) zoning.
Where is this medical office space located?
The property is located at 9615 Kincey Avenue Huntersville, NC.
What is the asking price?
The asking price for this property is $4,520,579.
What are key features of this property?
This property features: 12,682 SF second‑floor medical office condominium; Two suites within a single tax parcel; Both suites are currently leased
