4530 Park RdCharlotte, NC 28209

  • Office properties
  • 66,640 SF
For Lease
$28/SF/YR View listing

Property Details for 4530 Park Rd

Year built
1970
Lot size
2.58 AC
Property size (Sq ft)
66,640 SF
Zone code
O-2
Property type
Office properties
Property subtype
Office buildings
APN
17108119
APU
17108119

Description

This exceptional Class B office building, Parkwood, located at 4530 Park Rd, Charlotte, NC 28209, offers a total of 62,548 square feet across four stories. The building features one structure with convenient elevator access. Multiple tenancy options are available, ranging from 519 square feet to a maximum contiguous space of 11,244 square feet, providing flexibility for businesses of various sizes. Situated in Mecklenburg County, near the intersection of Park Road and Abbey Place, this property boasts a prime location with excellent access to both Uptown Charlotte and SouthPark. The building offers convenient surface parking, a significant advantage in this area. Furthermore, its location provides easy access to a wide array of amenities, including numerous restaurants, banks, and shopping options, all within walking distance. This makes Parkwood an ideal location for businesses seeking a convenient and well-connected office space in a thriving Charlotte neighborhood. The building's address is 4530 Park Road.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $23,438,544
    6.5%
    $21,635,580
    7%
    $20,090,182
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,284,818
    Geo Method
    $11,284,818
  • Alternative Use

    Use
    Valuation
    Residential
    $26,828,120
    Hospitality
    $24,574,412
    Educational
    $20,445,622
    Medical
    $21,148,780
    Retail
    $31,804,302
4530 Park Rd, Charlotte, North Carolina

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.1692
Longitude
-80.8515
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$76,698
$3,659,300
$6,797,100
$10,456,400
-
$3,659,300
$6,797,100
$10,456,400

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