Turnkey Office Suite with Private
For Sale
Contact for pricing
9729 Northeast Parkway Suite 500, Matthews, NC 28105
Turnkey office suite with five private offices, conference room, bullpen, and breakroom in a professional center.
Property Size2,083 SF
Price / SF$360.06
Days on Market121
Property Features for 9729 Northeast Parkway Suite 500
General Information
Standard status
Active
Size
2,083 SF
Property subtype
Office
Zoning
CG
Lease Type
NNN
Investment Type
Owner/User
Listing Agency:
Boundary Street Advisors
Listed By:
Marleenee Washington · License #345440
(704) 287-7719
Source:
Crexi
Added: May 8
Changed: Aug 26
Last Checked: Sep 5 at 4:15PM
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 Boundary Street Advisors
Investment Insights
Based on property information with market context.
Located in the Windsor Professional Center, this turnkey office suite offers a highly functional layout designed for day-to-day work. The space includes five private offices, a conference room, bullpen area, and breakroom, with windows on three sides for natural light.
The suite provides immediate access to US-74 (Independence Blvd) and I-485, and is approximately 20 minutes from Uptown Charlotte, supporting convenient commuting and access for both employees and visitors.
Suite 500 is positioned within an established Matthews business environment within the Charlotte MSA. The offering is well-suited for professional office users seeking a move-in ready space.
The suite provides immediate access to US-74 (Independence Blvd) and I-485, and is approximately 20 minutes from Uptown Charlotte, supporting convenient commuting and access for both employees and visitors.
Suite 500 is positioned within an established Matthews business environment within the Charlotte MSA. The offering is well-suited for professional office users seeking a move-in ready space.
Key Highlights
- 2,083 SF turnkey office suite in the Windsor Professional Center
- Includes five private offices, conference room, bullpen area, and breakroom
- Windows on three sides provide natural light throughout the suite
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
$36,532
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
4.87%
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%
$730,640
$730.6K
Cap Rate 7%
$521,886
$521.9K
Cap Rate 9%
$405,911
$405.9K
Market Conditions
NOI Build-Up for 2,083 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
$54.2K $26.04/SF
− Vacancy
−$5.5K −$2.66/SF
EGI
$48.7K $23.38/SF
− OpEx
−$12.2K −$5.85/SF
NOI
$36.5K $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 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%
$730,640
Cap Rate 7%
$521,886
Cap Rate 9%
$405,911
Alternative Uses
Best Use
Office B
$521.9K
$456.7K – $608.9K
NOI $36,532 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$673.1K
$588.9K – $785.3K
NOI $47,115 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 28105, NC
44,085
Population
17,906
Households
2.5
Avg Household Size
41
Median Age
52%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
1,900
Density / Sq Mi
$104,242
Median Household Income
$52,175
Median Earnings
$1,663
Median Rent
$389,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office suite with five private offices, conference room, bullpen, and breakroom in a professional center.
Where is this office units located?
The property is located at 9729 Northeast Parkway Suite 500 Matthews, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,083 SF turnkey office suite in the Windsor Professional Center; Includes five private offices, conference room, bullpen area, and breakroom; Windows on three sides provide natural light throughout the suite
