Property profile

648 Griffith Rd Charlotte, NC 28217

OFF-MARKET
Industrial properties
Property ID
US53-0137772
114,276 SF 9.51 ac lot Built 1999
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 16,080-square-foot industrial space, part of a larger 112,976-square-foot building, is immediately available for lease in the desirable South Charlotte submarket. Located at 648 Griffith Rd, Charlotte, NC 28217, this single-story distribution/warehouse/flex space offers a 24-foot clear ceiling height, six 9' x 10' dock-high doors, and six loading docks. The property boasts a convenient location off I-77 and Tyvola Road, behind Costco, providing easy access to interstates 77 and 485. Its proximity to Uptown Charlotte and Douglas International Airport, along with nearby retail, restaurants, hotels, and a light rail line, makes it an ideal location for various businesses. Building features include a 160-foot bay depth, 40' x 40' column spacing, an all-concrete truck court, an ESFR sprinkler system, and an additional fenced parking area of approximately 10,000 square feet (approximately 41 spaces). High-speed internet access is available via AT&T and Spectrum Fiber, as well as Spectrum 5G Wireless. The property is zoned I-2 and is part of a multi-tenant building with a total of eight suites. Minimum divisible space is 12,875 square feet. The building was constructed in 2000. This property presents a unique opportunity for businesses seeking a well-located, modern industrial space in a thriving area.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1999
Total area 114,276 SF
Lot 9.51 ac (414,343 SF)
Zoning code I2
APN 16913102
UPID US53-0137772

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
  • Sports School Sports Field & Court
  • Material Handling Equipment Supplier
  • Tattoo & Piercing Shop
  • Business Management Consultant
  • Production Facility Security Service

Location

648 Griffith Rd Charlotte, NC 28217-3574
Charlotte metro Census 3807 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
$17.95M
Comparable Approach Comparable
$24.13M
Blend (final) Blend
$19.24M

Owner & transaction history

since 2006
4 recorded transactions
2006
$300,000
1998
Price N/A
1998
$1.4M
1969
Price N/A

Zoning & alternative use

I2 · Charlotte, NC

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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