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Property profile

1700 Industrial Center Cir Charlotte, NC 28213

OFF-MARKET
Industrial properties
21,900 SF 2.56 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 21,900 square foot, fully leased flex property in Charlotte, North Carolina's University Area. Built in 2023, this two-building complex boasts 10 individual units, each offering a versatile blend of office and warehouse space, ideal for diverse business needs. The property features 10 loading docks, accommodating efficient logistics and high-volume operations. Ceiling heights range from 16 to 25 feet, providing ample vertical space. Situated on a 2.56-acre lot, the property is zoned I1(CD), allowing for a variety of uses. The current 100% occupancy ensures a stable and immediate income stream, with a strong net operating income (NOI) of $398,670 and a compelling 7.00% capitalization rate. This modern, well-maintained property offers a low-risk, high-return investment opportunity with minimal maintenance requirements. The contemporary design and high-quality construction ensure long-term value and appeal to tenants. The property's location in Charlotte's thriving University Area provides excellent access to major transportation routes and a skilled workforce. This is a turnkey investment perfect for those seeking immediate cash flow and long-term appreciation. The asking price is $5,695,000.

Property profile

Verified
Property type Industrial properties
Year built 2023
Total area 21,900 SF
Lot 2.56 ac (111,514 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping
  • General Contractor
  • Gym & Fitness Center
  • Carpet & Flooring Store Hardware & Home Improvement
  • Carpet Cleaning Service

Location

1700 Industrial Center Cir Charlotte, NC 28213
Charlotte metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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