Open Sun
$7,935,000
6.2% cap · 21,780 sq ft RBA · Class B
3292 Park Rd
Charlotte, NC 28204
Listed last week$364/sq ft
01 / 06
For SaleOffice
$8,575,000
786 Camden Rd
Dilworth · Charlotte, NC 28202
$219/sq ft61 days on market1.7K views59 saves
Key facts
- Interior
- 39,190 sq ft
- Lot
- 1.50 acres
- Year built
- 1974
- Property type
- Office
- Price / sq ft
- $219/sq ft
- Annual taxes
- $87,470
- Days on market
- 61
Getting around
Walk Score63
Somewhat Walkable
Transit Score34
Some Transit
Bike Score49
Somewhat Bikeable
About this property
A Class C office building on Camden Rd trading at a 8.7% cap with 71% occupancy. Zoning and the roof deck amenity leave the door open for a future repositioning. Offers reviewed as received.
Investment summary
Investment summary
Cap rate
8.70%
Net operating income ÷ price
Net operating income
$746,025
Annual, after operating expenses
Cash-on-cash
+9.7%
$248,361 annual cash flow on $2,572,500 equity
Occupancy71%
27,825 sq ft leased of 39,190 sq ft
- Tenants
- 7
- Rentable area
- 39,190 sq ft
- Price / sq ft
- $219/sq ft
- WALE
- 2.2 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- C-3
- Parking
- 125 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $497,664 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Interior
- Bike Room & Showers
Systems & Efficiency
- Dedicated HVAC
- Sprinkler System
Parking & Access
- Freight Elevator
Highlights
- Recent Capital Improvements
- Build-to-Suit Ready
- Below-Market Rents
- Opportunity Zone
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2017-02-09 | Sold | $5,240,000 |
| 2026-05-25 | Listed | $8,575,000 |
Location
Dilworth, Charlotte — Mecklenburg County
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Approximate location · Dilworth
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Estimated monthly
$52,700/mo
- Principal & interest81%$42,910
- Property tax14%$7,289
- Home insurance5%$2,501
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $6,860,000 · 30 yr · 6.40%
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