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Property profile & analytics
OFF-MARKET
Retail space

12194 Johnston Rd Charlotte, NC 28277-4481

8,078 SF 1.4 ac lot Built 2013
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US53-2861272
Property summary
AI-generated overview

This exceptional 8,008 square foot shopping center in Charlotte, North Carolina presents a compelling investment opportunity. Located in the affluent Ballantyne neighborhood, this single-story, 2013-built property boasts a 1.39-acre lot and an attractive brick facade. Currently housing three service-oriented tenants—T-Mobile, MyEyeDr., and Trek Bicycle Store—the center enjoys 100% occupancy and a strong 6.66% cap rate. The property benefits from its strategic location across from the Ballantyne Corporate Park, a thriving mixed-use development encompassing 4.5 million square feet of Class A office and medical space, hotels, parks, and the vibrant Bowl at Ballantyne dining and retail district. Exceptional demographics, with average household incomes exceeding $150,000 (40% above the Charlotte average), and projected 6% growth, further enhance the investment potential. Below-market rents and ease of management with long-term tenants (all present since construction) contribute to a stable and attractive cash flow. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a rapidly growing market. The property features three units and is offered at $4,500,000. Parcel number is 223-231-47.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Total area 8,078 SF
Lot 1.4 ac (61,158 SF)
Zoning code CC
APN 22323147
UPID US53-2861272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. John Moonan Physician
  • Thomas Ryan Coccia Physician
  • Trek Bicycle Store of Charlotte (Bike/Boat/Book/etc) Store
  • MyEyeDr. Eye Care Center Contact Lenses Supplier
  • Thomas Coccia Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Toringdon Property Partners LLC · 1 yrs held
Toringdon Property Partners LLC
since 2025
Last sale
$4.2M
7 recorded transactions
2025
$4.2M
2024
Price N/A
2014
Price N/A
2014
$3.9M
2013
Price N/A
2013
Price N/A
2013
$985,000
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area

Zone name Commercial Center
General category COMMERCIAL
Zone area 1,676.32 ac
Source Realmo
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