10512 Park RdCharlotte, NC 28210

Property Details for 10512 Park Rd

Year built

1988

Lot size

2.21 AC

Property size (Sq ft)

38,942 SF

Zone code

O-C

Property type

Medical offices

Property subtype

Medical centers

APN

20710215

APU

20710215

Description

This meticulously renovated, two-story Class A medical office building, located at 10512 Park Rd in Charlotte, NC, offers 10,019 square feet of vacant space. Currently, there are two available suites ranging from 475 to 3,167 square feet, perfect for a variety of medical practices. The building boasts a modern design with a striking brick exterior featuring curves and glass lines, creating an inviting atmosphere for patients and staff. Situated in Mecklenburg County, this property benefits from a prime location, less than half a mile from I-485 and Highway 51, providing excellent accessibility. Its proximity to Carolinas Medical Center Pineville further enhances its desirability. Ample surface parking is available for patients and staff, along with opportunities for prominent exterior signage. Competitive lease terms and generous tenant improvement allowances are offered to prospective tenants. The building's location near Carolina Place Mall adds to its convenience and appeal, making it an exceptional opportunity for healthcare professionals seeking a thriving location for their practice. The entire building is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $13,696,636

  6.5%

  $12,643,048

  7%

  $11,739,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,594,438

  Geo Method

  $6,594,438

• Alternative Use

  Use

  Valuation

  Residential

  $15,677,380

  Hospitality

  $14,360,396

  Educational

  $11,947,681

  Medical

  $12,358,580

  Retail

  $18,585,282

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.093

Longitude

-80.8711

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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