201 Providence Road, Charlotte, NC

Property Type Office - Medical Office
Property Size 26,311 SF
Lot Size 1.65 Acre
Parking Spaces Avail. 105
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Owner Occupied
Building Class B
Year Built 1992

Location

Map
Street

City Charlotte, NC
Neighborhood Elizabeth
Zip Code 28207
Market Charlotte

Contacts

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Owner

True Owner

Brokers

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Documents

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Sales

Purchase Date 13 Sep, 2012
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Charlotte

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Charlotte Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $29.23
2020 Office Vacancy Rate 12.72%
2020 Office Completions (SF) 279,623

Charlotte Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $415.59
Y-o-Y Avg. PpSF Change 45.00%
2020 Office Sales Volume $939.7M
2020 Number of Transactions 15

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Tax

Property Tax in 2021 $54,504
Market Value* $5,648,100
Assessed Value $5,648,100

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 201 Providence Road?

201 Providence Road totals 26,311 square feet.

When was this property built?

201 Providence Road was built in 1992.

When was 201 Providence Road last sold?

201 Providence Road was last sold on 13 Sep, 2012.

What is the property tax for 201 Providence Road?

The property tax for 201 Providence Road in 2021 was $54,504.

What is the market value for 201 Providence Road?

The market value* for 201 Providence Road in 2021 was $5,648,100.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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201 Providence Road, Charlotte, NC 28207 - Office Space

201 Providence Road is located at 201 Providence Road in the Elizabeth neighborhood, NC, Charlotte, 28207. The Class B Office building was completed in 1992 and features a total of 26,311 SF.

There are 27 office spaces for lease in the Elizabeth neighborhood, totaling 1,292,182 SF of available office space. The office space availability for the 28207 zip code is 39,565 SF, in 11 office spaces. The average asking office rent per SF in Elizabeth is $32.5/SF/YR. For Class A office buildings the average office rate is $36/SF/YR, for Class B office buildings the average office rate is $32/SF/YR.

In Elizabeth, there are 11 class B office buildings. In 1992, the same year 201 Providence Road was built, 23 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Charlotte, featuring 2,021,431 square feet of commercial space. At zip code level, there are 8 commercial properties, of which 8 are office buildings over 50,000 square feet.

201 Providence Road