8816 University DrCharlotte, NC 28213

  • Retail space
  • 11,615 SF
For Lease
$21/SF/YR View listing

Property Details for 8816 University Dr

Year built
2001
Lot size
2.25 AC
Property size (Sq ft)
11,615 SF
Zone code
BPCD
Property type
Retail space
APN
10537108
APU
10537108

Description

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

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
$12,412
$1,225,600
$466,500
$1,692,100
-
$1,225,600
$466,500
$1,692,100

FAQs

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