5237 Albemarle RdCharlotte, NC 28212

Property Details for 5237 Albemarle Rd

Year built

1978

Lot size

1.30 AC

Property size (Sq ft)

26,682 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

10301128

APU

10301128

Description

This exceptional Charlotte commercial property, located at 5237 Albemarle Road (cross street: N. Sharon Amity Road), offers a diverse range of office spaces for lease. The building, a two-story Class C structure built in 1978, totals 26,682 square feet and sits on a 0.6-acre lot. The property is zoned B-2 and is conveniently located in Mecklenburg County, NC, zip code 28212. Multiple tenancy options are available, with spaces ranging from a minimum of 664 square feet to a maximum contiguous space of 1,139 square feet. Currently, 3,649 square feet of space is vacant. The building caters to a variety of business needs, accommodating executive office, traditional office, coworking, medical office, and creative office uses. Ample parking is provided with 60 spaces. This versatile property presents a unique opportunity for businesses seeking flexible and functional office space in a prime Charlotte location. The property's diverse zoning allows for a variety of uses, making it an ideal choice for businesses seeking a convenient and adaptable workspace. Inquire today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $7,189,668

  6.5%

  $6,636,616

  7%

  $6,162,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,518,330

  Geo Method

  $4,518,330

• Alternative Use

  Use

  Valuation

  Residential

  $8,229,404

  Hospitality

  $7,538,090

  Educational

  $6,271,602

  Medical

  $6,487,292

  Retail

  $9,755,826

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2028

Longitude

-80.7592

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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