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    2501 W.t. Harris Blvd Charlotte, NC 28213

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    2501 W.t. Harris Blvd Charlotte, NC 28213

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    • Office properties & Spaces
    • 70,000 SF
    • 11.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2501 W.t. Harris Blvd

    Year built
    2024
    Lot size
    11.00 lot acres
    Property size
    70,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    University East Professional Center, a Class A, 70,000 square foot office development in Charlotte, NC's University submarket, offers flexible office condo spaces for sale or lease. This single-story, 2024-built property sits on 11 acres and provides convenient access to I-85, I-485, UNCC, and the light rail. Units range from 1,008 to 20,000 contiguous square feet, with the entire 70,000 square feet currently available. The building boasts a 5/1000 parking ratio. Purchase options are available at $175 per square foot (shell), while lease options are offered at $25 per square foot (Modified Gross). The property is ideally suited for medical, creative, or traditional office uses, offering a prime location and modern amenities. This is a unique opportunity to secure space in a brand-new, high-quality development within a thriving Charlotte submarket. The address is 2501 E W.T. Harris Blvd, Charlotte, NC 28213.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7236
    Latitude
    35.2817

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      2501 W.t. Harris Blvd

      Medical Office Space • 1,000 SF
      2501 W.t. Harris Blvd, Charlotte, NC 28213
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    • Value Estimation
      $775,000
      4,044 SF

      8730 University City Blvd

      MEDICAL BUILDING • 4,044 SF
      8730 University City Blvd, Charlotte, NC 28213-3558
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    • Value Estimation
      $685,000
      3,538 SF

      8738 University City Blvd

      MEDICAL BUILDING • 3,538 SF
      8738 University City Blvd, Charlotte, NC 28213-3558
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    • Value Estimation
      $4,105,000
      30,000 SF

      251 Eastway Dr

      MEDICAL BUILDING • 30,000 SF
      251 Eastway Dr, Charlotte, NC 28213-7103
      View Details
    • Value Estimation
      $9,955,000
      67,287 SF

      8601 University E Dr

      MEDICAL BUILDING • 67,287 SF
      8601 University E Dr, Charlotte, NC 28213-4353
      View Details
    • Value Estimation
      $1,090,000
      2,127 SF

      8732 University City Blvd

      MEDICAL BUILDING • 2,127 SF
      8732 University City Blvd, Charlotte, NC 28213-3558
      View Details

    Similar Nearby for Sale

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    • $350,000
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      Prime Development Opportunity in Charlotte

      1.672-acre site in University City, Charlotte, North Carolina.
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    • $339,000
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      Expansive Lot in Charlotte, NC

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      21,900 SF

      Modern Industrial Flex Space

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    Similar Nearby for Lease

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      Retail Space in Charlotte

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      Medical Office Space For Lease

      Class A medical office space available near Atrium Health.
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      University East Professional Center Offices

      Office condos for sale or lease in University area.
      2501 E W.t. Harris Blvd, Charlotte, NC 28213
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      Industrial Space For Rent

      Industrial space available for single tenant occupancy.
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      155,100 SF

      Industrial Park with Modern Features

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    Charlotte, NC 28213
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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