This exceptional 1,604 square foot office space is available for lease within a larger 6,300 square foot building located at 8816 University East Drive in Charlotte, North Carolina, zip code 28213. The property, built in 2001, is a single-story building featuring a total of two suites. This particular suite offers a fantastic opportunity for businesses seeking a well-located and readily available office space. The building boasts excellent visibility due to its prime location in University East Square, with prominent frontage on WT Harris Boulevard and University East Drive, ensuring high traffic and excellent exposure for your business. The property is classified as both retail and office, making it suitable for a variety of uses. The minimum leasable space is 1,604 square feet, representing one of the two suites within the building. The building itself comprises 6,300 square feet in total. This is an ideal opportunity to establish a presence in a thriving Charlotte neighborhood. The address is easily accessible and offers convenient access to major transportation routes. Interested parties should inquire promptly to secure this desirable office space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,116,142
6.5%
$3,799,516
7%
$3,528,122
Comparable approach
Method
Valuation
Relative Method
$4,956,548
Geo Method
$4,956,548
Alternative Use
Use
Valuation
Residential
$3,205,034
Hospitality
$2,935,794
Educational
$2,442,546
Medical
$2,526,549
Retail
$3,799,516
Location Insight
City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2866
Longitude
-80.7275
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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