7421 Carmel Executive Park DrCharlotte, NC 28226

Property Details for 7421 Carmel Executive Park Dr

Year built

1985

Lot size

1.39 AC

Property size (Sq ft)

27,646 SF

Zone code

O-1

Property type

Office buildings

APN

21120140

APU

21120140

Description

This single, three-story Class B office building, totaling 25,741 square feet, is situated on 1.38 acres in Charlotte's Highway 51 submarket. Built in 1985, the property offers flexible office space, with a minimum divisible unit of 385 square feet and a maximum contiguous space of 1,962 square feet. Currently, 5,672 square feet are vacant, presenting a significant opportunity for businesses seeking immediate occupancy. The building features 128 parking spaces and is zoned O-1. Its convenient location at 7421 Carmel Executive Park Dr, Charlotte, NC 28226, provides easy access to major roadways including I-485 and I-77, as well as Ballantyne, Fort Mill, and Uptown Charlotte. The property's address is 7421 Carmel Executive Park Dr. This location offers a blend of suburban tranquility and convenient access to key areas. The building's multiple tenancy structure allows for diverse business needs. The property's APN is 211-201-40. This presents a compelling opportunity for businesses seeking efficient, well-located office space in a thriving Charlotte submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $8,466,720

  6.5%

  $7,815,430

  7%

  $7,257,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,681,570

  Geo Method

  $4,681,570

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,974,700

  Retail / Commercial

  $8,076,660

  Mixed-Use / Specialty

  $7,957,170

  Hospitality / Lodging

  $5,719,840

  Institutional / Educational

  $8,239,840

  Residential Income

  $9,640,610

  Multifamily

  $12,065,200

  Automotive / Energy

  $7,062,720

  Parking / Income-Based Land

  $2,526,860

  Restaurant / Food Service

  $3,945,020

  Healthcare / Senior Housing

  $8,252,940

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.0883

Longitude

-80.8444

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].