Property profile

2420 Berryhill Rd Charlotte, NC 28208

FOR LEASE
Office buildings
Property ID
US53-5744844
10,055 SF 10.99 ac lot Built 1956
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 2420 Berryhill Road, presents a compelling investment opportunity. The single-tenant warehouse building encompasses a substantial 9,995 square feet of space, ideal for a variety of industrial uses. Constructed in 1996, the building is ready for immediate occupancy. Beyond the main warehouse structure, the property boasts an expansive 5.5 acres of outdoor storage space, providing ample room for equipment, materials, or overflow inventory. This significant land area offers considerable flexibility and potential for future expansion or development. The warehouse itself is a single-tenant facility, offering a streamlined and efficient operational environment. The property's size and features make it suitable for businesses requiring both indoor and outdoor storage and operational space. Its strategic location offers easy access to major transportation routes (specific location details not provided), facilitating efficient logistics and distribution. The property's immediate availability allows for a swift transition and commencement of operations. This is a rare opportunity to acquire a well-maintained, spacious industrial property with significant outdoor storage capacity in a desirable location. Serious inquiries are encouraged to explore this promising investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1956
Total area 10,055 SF
Lot 10.99 ac (478,855 SF)
Zoning code I2
APN 11901210
UPID US53-5744844

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
  • Trucking Company

Location

2420 Berryhill Rd Charlotte, NC 28208
Charlotte metro Census 3600 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.55M
Comparable Approach Comparable
$2.93M
Blend (final) Blend
$2.58M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2023
$14.1M
2007
$1.8M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I2 · Charlotte, NC
Top alternative use upside
Medical building $4.1M +35.1%
Retail stores $3.3M +10.9%
Neighborhood: shopping center $3.0M +0.2%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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