7731 Little AveCharlotte, NC 28226

Property Details for 7731 Little Ave

Year built

1997

Lot size

0.78 AC

Property size (Sq ft)

5,004 SF

Zone code

O-1

Property type

Office buildings

APN

20924314

APU

20924314

Description

This exceptional investment opportunity presents a fully leased, 5,000 square foot medical and traditional office building situated on a 0.79-acre lot in Charlotte, North Carolina. The single-story building, constructed in 1999, boasts a 100% occupancy rate with five tenants under a gross lease structure. The property offers a compelling 7.00% capitalization rate, generating a net operating income (NOI) of $109,740, with an asking price of $1,567,714. This translates to a price per square foot of $313.54. The property is zoned O-1 and enjoys a prime location across from Carmel Commons Shopping Center, providing convenient access to I-485 and Ballantyne. The building's strong tenant base and stable income stream make it an attractive investment for those seeking a stabilized, multi-tenant property in a desirable Charlotte location. Showings are by appointment only to avoid disturbing current tenants. This is a rare opportunity to acquire a high-performing asset in a thriving market. The property address is 7731 Little Ave, Charlotte, NC 28226.

• CAP approach

  CAP return

  Valuation

  6%

  $1,352,205

  6.5%

  $1,248,189

  7%

  $1,159,033

• Comparable approach

  Method

  Valuation

  Relative Method

  $847,377

  Geo Method

  $847,377

• Alternative Use

  Use

  Valuation

  Residential

  $1,547,754

  Hospitality

  $1,417,735

  Educational

  $1,179,539

  Medical

  $1,220,105

  Retail

  $1,834,838

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.0888

Longitude

-80.8487

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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