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    Brad Cherry, Charlotte, NC

    License ID: 380968
    Jll
    Association
    Charlotte Region Commercial Board Of Realtors

    Contact details

    Phone:
    (704) 927-3013
    Office Address:
    4201 Congress St Ste 300, Charlotte, NC, 28209-4689

    Performance

    Listings
    13

    Listings

    For Lease (13)

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    • Contact for pricing

      Twin Lakes Parkway Warehouse Space

      12,000 SF warehouse space available for lease.
      9771 Twin Lakes Pkwy, Charlotte, NC 28269
      View Details
    • Contact for pricing

      NationsWest Distribution Center For Lease

      Distribution center available for lease in NationsWest Distribution Center.
      11515 Nations Ford Rd, Pineville, NC 28134
      View Details
    • Contact for pricing
      37,972 SF

      Charlotte Warehouse with Truck Court

      Industrial warehouse with office space and truck court for lease.
      7110 Expo Dr, Charlotte, NC
      View Details
    • Contact for pricing
      392,040 SF

      Class A Industrial Building

      State-of-the-art industrial building near I-485 & I-85 interchange.
      160 Pitts School Rd, Concord, NC 28027
      View Details
    • Contact for pricing

      Industrial Unit with Office Space

      Industrial end-cap unit featuring office space for rent.
      3035 Horseshoe Ln, Charlotte, NC 28208
      View Details
    • Contact for pricing
      12,000 SF

      Charlotte Warehouse Space Available

      12,000 sqft warehouse space for lease in Charlotte.
      9771 Twin Lakes Pkwy, Charlotte, NC 28269
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Property Available For Rent

      10,000 square foot industrial property available for rent.
      4140 Taggart Creek Rd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      40,585 SF

      Industrial Space Available For Lease

      40,585 SF industrial space available for lease.
      4135 Chesapeake Dr, Charlotte, NC 28216
      View Details
    • Contact for pricing
      25,820 SF

      Whitehall Business Center Flex Space

      Flex R&D space available for lease in Charlotte, NC.
      7606 Whitehall Executive Center Dr, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Pineville, North Carolina.
      520 Eagleton Downs Dr, Pineville, NC 28134
      View Details
    • Contact for pricing
      110,250 SF

      New Class-A Industrial Facility

      New construction industrial facility available for pre-lease.
      10855 Bailey Rd, Cornelius, NC 28031
      View Details
    • Contact for pricing
      223,200 SF

      Industrial Building For Lease

      223,200 SF industrial building available for lease.
      00 Edgewood Rd, Bessemer City, NC 28016
      View Details
    • Contact for pricing
      150,000 SF

      Charlotte Warehouse Space Available

      150,000 sqft warehouse space for lease in Charlotte.
      2301 Nevada Blvd, Charlotte, NC 28273
      View Details

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    Brad Cherry, Charlotte, NC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Brad Cherry, Charlotte, NC
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