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500 Archdale Drive

Off-Market

500 Archdale Drive, Charlotte, NC 28217

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  • Property Type Office - General Office
  • Property Size 44,918 SF
  • Lot Size 3.59 Acre
  • Parking Spaces Avail. 152
  • Parking Ratio 3.40/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2003

Location

  • City Charlotte, NC
  • Neighborhood Montclaire South
  • Zip Code 28217
  • Market Charlotte

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 20 May, 2008
  • 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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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
View more Charlotte market trends

Tax

  • Property Tax in 2021 $83,927
  • Market Value* $8,697,200
  • Assessed Value $8,697,200

Find more tax info, including assessment history and abatements, on CommercialEdge

*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 500 Archdale Drive?

500 Archdale Drive totals 44,918 square feet.

When was this property built?

500 Archdale Drive was built in 2003.

When was 500 Archdale Drive last sold?

500 Archdale Drive was last sold on 20 May, 2008.

What is the property tax for 500 Archdale Drive?

The property tax for 500 Archdale Drive in 2021 was $83,927.

What is the market value for 500 Archdale Drive?

The market value* for 500 Archdale Drive in 2021 was $8,697,200.
*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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