000 Floyd Smith Office Park Dr, Charlotte, NC 28262
This 8.95-acre commercial land parcel, located at 000 Floyd Smith Office Park Dr in Charlotte, NC (zip code 28262, APN 02954106), presents a compelling development opportunity. Currently zoned O-1 (CD) for office use, the property offers significant potential for rezoning and diverse development options. Its strategic location provides convenient access to major transportation arteries, including Highway 29 (20,000 vehicles per day), Exit 33, and I-485. The site benefits from its proximity to popular Charlotte attractions such as the Charlotte Motor Speedway, Concord Mills Mall, and Concord Regional Airport. Furthermore, the property is adjacent to the recently revitalized Floyd Smith Office Park, which is undergoing significant capital improvements, including renovations slated for completion in Q1 2023. This prime location is experiencing substantial growth, with nearby developments adding over 650 residential units, 70,000+ square feet of retail space, 70,000+ square feet of medical offices, and a 170+ bed hotel. This presents a unique chance to capitalize on the area's expanding infrastructure and increasing demand. The property's size and location make it an ideal investment for developers seeking a high-impact project in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.