1832 University Commercial PlCharlotte, NC 28213

  • Warehouses
  • 14,105 SF

Property Details for 1832 University Commercial Pl

Year built
1981
Lot size
1.85 AC
Property size (Sq ft)
14,105 SF
Zone code
I-1
Property type
Warehouses
APN
9702142
APU
9702142

Description

This exceptional 14,366-square-foot industrial building, located at 1832 University Commercial Place in Charlotte, North Carolina, presents a compelling investment opportunity. Classified as flex, warehouse, and distribution space, this single-tenant property sits on a 1.92-acre lot in Mecklenburg County (APN: 09702142) and is zoned ML-1. The building boasts impressive ceiling heights ranging from 13'4" to 15'8", facilitating efficient storage and operations. Five dock-high doors and one drive-in door ensure seamless loading and unloading, complemented by ample parking with 15 spaces available. Its strategic location in the University City area offers excellent access to major transportation arteries, including Interstate 85 and Interstate 485, providing convenient connectivity throughout Charlotte and beyond. This property is ideal for businesses seeking a versatile and well-situated industrial space to support their growth and operational needs. The property is available for sale or lease.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,271,150
    6.5%
    $7,634,910
    7%
    $7,089,560
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,821,660
    Geo Method
    $3,821,660
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $3,896,580
    Mixed-Use / Specialty
    $3,868,060
    Hospitality / Lodging
    $2,818,820
    Office
    $3,829,840
    Institutional / Educational
    $4,015,990
    Residential Income
    $4,698,710
    Multifamily
    $5,716,480
    Automotive / Energy
    $3,442,280
    Parking / Income-Based Land
    $1,202,340
    Restaurant / Food Service
    $1,980,580
    Healthcare / Senior Housing
    $3,981,620

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2665
Longitude
-80.7438
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
$7,422
$377,900
$633,900
$1,011,800
-
$377,900
$633,900
$1,011,800

FAQs

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