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    5960 Fairview Rd, Unit s 300 & 400 Charlotte, NC 28210

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    5960 Fairview Rd, Unit s 300 & 400 Charlotte, NC 28210

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    • Office buildings
    • 326,361 SF
    • 2.81 lot acres
    For Lease
    $38,010,000
    View Listing →
    Southpark Fairview For Lease
    $38,010,000

    Southpark Fairview

    Discover many ways to work your way in Southpark Fairview

    5960 Fairview Rd, Unit Suites 300 & 400, Charlotte, NC 28210
    View Listing
    Property ID
    US53-1702599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kim Venable-NC/SC REALTOR Follow My Heels Home Group-REAL Broker,LLC / Real Estate Agency
    • Charlotte Media Partners / Marketing & Advertising
    • John Ager - Raymond James / Financial Advisor
    • Law Offices of Paul L. Whitfield, P.A. / Law Firm
    • The Shoaf Law Firm / Law Firm

    Property Details for 5960 Fairview Rd

    Year built
    1965
    Lot size
    2.81 lot acres
    Property size
    326,361 SF
    Zone code
    O3CD
    Property type
    Office buildings
    APN
    17902239
    APU
    17902239

    Description

    Southpark Fairview, located at 5960 Fairview Road Suites 300 & 400 in Charlotte, North Carolina (28210), offers 22,000 square feet of Class A office space in Mecklenburg County. This multi-tenant building features a variety of office configurations, suitable for executive offices, coworking spaces, and creative office setups. The building boasts 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet of space is available. The building underwent renovations in 2019 and includes elevators for convenient access. Enjoy panoramic views of the Charlotte skyline from large windows, creating an inspiring work environment. The building's convenient location offers easy access to restaurants, shops, and hotels, enhancing the overall experience. This exceptional property provides a professional atmosphere with a welcoming reception area, ensuring a positive impression for clients and visitors. The property is ideally situated in the heart of Charlotte's commercial district, positioning businesses for success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $38,220,000
      Market price range: $38.2M - $84.6M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.841
    Latitude
    35.1505
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $325,363
    $10,599,700
    $33,757,900
    $44,357,600
    -
    $10,599,700
    $33,757,900
    $44,357,600

    Comparable in this City

    • Value Estimation by Request
      225,846 SF

      4720 Piedmont Row Dr

      OFFICE BUILDING • 225,846 SF
      4720 Piedmont Row Dr, Charlotte, NC 28210-4269
      View Details
    • Value Estimation
      $1,975,000
      10,830 SF

      1425 Cressida Dr

      OFFICE BUILDING • 10,830 SF
      1425 Cressida Dr, Charlotte, NC 28210-5683
      View Details
    • Value Estimation
      $540,000
      0.60 Acres

      Charlotte, NC 28210

      OFFICE BUILDING • 0.60 Acres
      Charlotte, NC 28210
      View Details
    • Value Estimation by Request
      68,432 SF

      6230 Fairview Rd, Unit 2

      OFFICE BUILDING • 68,432 SF
      6230 Fairview Rd, Charlotte, NC 28210-3258
      View Details
    • Value Estimation
      $7,800,000
      51,982 SF

      10100 Park Cedar Dr

      OFFICE BUILDING • 51,982 SF
      10100 Park Cedar Dr, Charlotte, NC 28210-8932
      View Details
    • Value Estimation
      $12,500,000
      60,000 SF

      6400 Fairview Rd

      OFFICE BUILDING • 60,000 SF
      6400 Fairview Rd, Charlotte, NC 28210-3237
      View Details

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    View Listing
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    Charlotte, NC 28210
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    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
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    5960 Fairview Rd, Charlotte, NC, 28210

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