Office Condo with Six
For Sale
$349,000
C1-18515 Statesville Road, Cornelius, NC 28031
A six-office layout includes a lobby, kitchen area, and bathroom for day-to-day business use.
Property Size1,500 SF
Price / SF$232.67
Days on Market12
Property Features for C1-18515 Statesville Road
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Office Units
1
Property Use
Office
Listing Agency:
One Ten Realty Co LLC
(704) 231-5085
Listed By:
Scott Robitzer
(704) 677-1588
Source:
Exprealty
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 12:16PM
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 One Ten Realty Co LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500 SF office condo is arranged with six private offices, each approximately 100–125 SF, alongside a lobby, kitchen area, and bathroom. The existing configuration provides a range of individual work areas within a single unit.
The property is in Park 21 Business Park on Statesville Road in Cornelius, North Carolina.
The property is in Park 21 Business Park on Statesville Road in Cornelius, North Carolina.
Key Highlights
- 1,500 SF office condo
- Six individual offices, approximately 100–125 SF each
- Lobby, kitchen area, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,307
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,140
$526.1K
Cap Rate 7%
$375,814
$375.8K
Cap Rate 9%
$292,300
$292.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$4.0K −$2.66/SF
EGI
$35.1K $23.38/SF
− OpEx
−$8.8K −$5.85/SF
NOI
$26.3K $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%
$526,140
Cap Rate 7%
$375,814
Cap Rate 9%
$292,300
Alternative Uses
Best Use
Office B
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.7K
$424.1K – $565.5K
NOI $33,928 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 28031, NC
30,836
Population
14,194
Households
2.2
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
14.0 sq mi
ZIP Area
2,203
Density / Sq Mi
$115,746
Median Household Income
$65,377
Median Earnings
$1,587
Median Rent
$497,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A six-office layout includes a lobby, kitchen area, and bathroom for day-to-day business use.
Where is this office unit located?
The property is located at C1-18515 Statesville Road Cornelius, NC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,500 SF office condo; Six individual offices, approximately 100–125 SF each; Lobby, kitchen area, and bathroom
