Property profile

500 Archdale Dr Charlotte, NC 28217

FOR SALE
Office buildings
Property ID
US53-5573004
67,424 SF 3.58 ac lot Built 1971
Entity Owned 4-yr Hold Free & Clear
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For Sale
Contact for pricing 67,424 SF
500 Archdale Dr, Charlotte, NC 28217
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 67,424 SF
Lot 3.58 ac (155,945 SF)
Zoning code MUDD-O
APN 16918302
UPID US53-5573004

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
  • Medical Clinic

Location

500 Archdale Dr Charlotte, NC 28217
Charlotte metro Census 3807 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.56M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.50M
Blend (final) Blend
$5.56M

Owner & transaction history

since 2022
Last sale
$4.2M
7 recorded transactions
2022
Price N/A
2022
$4.2M
2014
Price N/A
2008
$3.3M
2008
Price N/A
2008
$1.1M
1997
Price N/A

Zoning & alternative use

MUDD-O · Charlotte, NC
Zoning description

The Mixed Use Development District encourages mixed use development and its accompanying support commercial and office uses while maintaining a strong emphasis on pedestrian scale, urban development, and amenities, when…

General category MIXED_USE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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