Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1514 Southwood Ave Charlotte, NC 28203
    Back to Search
    Property profile & analytics

    1514 Southwood Ave Charlotte, NC 28203

    View on Map
    • Retail properties & Spaces
    • 5,879 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1514 Southwood Ave

    Property size
    5,879 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This vibrant South End, Charlotte, NC property offers two exceptional creative office suites for lease at 1512 Southwood Avenue. The building totals 5,879 square feet, with available spaces ranging from 918 to 2,395 contiguous square feet; a total of 3,313 square feet is currently vacant. Located in the heart of South End, this historic building boasts a charming atmosphere and is within walking distance of numerous restaurants, breweries, and retail establishments. Its convenient location is also a quarter-mile from the Bland Street Light Rail station, providing easy access to public transportation. The property is zoned TOD-NC and offers ample on-site parking, supplemented by plentiful public street parking. The building is well-maintained, with an attentive owner and property manager ensuring a positive tenant experience. This is a NNN lease structure, encompassing base rent, common area maintenance (CAM), electricity, and janitorial services. The property's strategic location offers easy access to major roadways, including I-77, Uptown Charlotte (within 2 miles), and Charlotte Douglas International Airport (6.5 miles). This is an exceptional opportunity to secure prime office space in one of Charlotte's most sought-after neighborhoods. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements.

    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
    -80.8599
    Latitude
    35.218

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      308 Wickford Pl

      Distribution properties • 1,843 SF
      308 Wickford Pl, Charlotte, NC 28203
      View Details
    • Value Estimation by Request
      41,967 SF

      1900 South Blvd

      Office Units • 41,967 SF
      1900 South Blvd, Charlotte, NC 28203
      View Details
    • Value Estimation by Request
      14,579 SF

      1514 Church St

      Medical Office Space • 14,579 SF
      1514 Church St, Charlotte, NC 28203
      View Details
    • Value Estimation by Request

      1930 Abbott St

      Office Units
      1930 Abbott St, Charlotte, NC 28203
      View Details
    • Value Estimation by Request

      1950 Abbott St

      Office Units
      1950 Abbott St, Charlotte, NC 28203
      View Details
    • Value Estimation by Request

      2108 South Blvd

      Office Units
      2108 South Blvd, Charlotte, NC 28203
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      South End Urban Core Property

      Prime location in Charlotte's South End near future development.
      308 Wickford Pl, Charlotte, NC 28203
      View Details
    • Contact for pricing
      1,450 SF

      Updated Office Condo for Professionals

      5,820 SF office condo with 15+ private offices.
      2010 S Tryon St, Charlotte, NC 28203
      View Details
    • Contact for pricing
      36,000 SF

      Historic Lance Building Factory South

      Eight connected luxury lofts in Charlotte's South End.
      1300 South Blvd, Charlotte, NC 28203
      View Details
    • $795,000
      1,456 SF

      Charlotte Office Space For Rent

      Office space available in Charlotte's South End neighborhood.
      2923 S Tryon St, Charlotte, NC 28203
      View Details
    • $1,400,000
      1,939 SF

      South End Office Condo

      Office condo in Charlotte's vibrant South End corridor.
      1930 Abbott St, Charlotte, NC 28203
      View Details
    • Contact for pricing
      22,854 SF

      South End Retail Investment Opportunity

      Prime location in Charlotte's vibrant South End entertainment district.
      1431-1443 South Blvd, Charlotte, NC 28203
      View Details

    Similar Nearby for Lease

    • $44 SF/Yr
      4,946 SF

      Renovated Historic Buildings For Rent

      Flexible office and retail space near downtown Charlotte.
      1900 Blvd S, Charlotte, NC 28203
      View Details
    • Contact for pricing
      3,372 SF

      South End Mixed-Use Development

      Office and retail space in vibrant South End, Charlotte.
      2151 Hawkins St, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Showroom, Design Center, Event Space

      10,000 SF showroom, design center, or event space available.
      1331 S Mint St, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Creative Office Space in South End

      Turnkey 1,602 SF creative office space in vibrant South End.
      2133 Southend Dr, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Historic Textile Mill Office Space

      Office condominium in Charlotte's Gold District, 2,755 SF available.
      1300 S Mint St, Charlotte, NC 28203
      View Details
    • Contact for pricing
      3,613 SF

      Office Space Available For Rent

      Office space with ample parking available for rent.
      2400-2406 Dunavant St, Charlotte, NC 28203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1514 Southwood Ave
    Charlotte, NC 28203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1514 Southwood Ave, Charlotte, NC, 28203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!