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    Mark Newell, Charlotte, NC

    License ID: 111045
    Mpv Properties
    Association
    Charlotte Region Commercial Board Of Realtors

    Service Locations

    Contact details

    Phone:
    (704) 248-2100
    Office Address:
    2400 S Blvd Ste 300, Charlotte, NC, 28203-5773

    Performance

    Listings
    17

    Listings

    For Sale (5)

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    • Contact for pricing
      22,854 SF

      South End Retail Investment Opportunity

      Prime location in Charlotte's vibrant South End entertainment district.
      1431-1443 South Blvd, Charlotte, NC 28203
      View Details
    • $3,000,000
      12,464 SF

      Crown Point Retail/Flex Opportunity

      Retail/flex space in mixed-use development, convenient location.
      2200 Crown Centre Dr, Charlotte, NC 28227
      View Details
    • Contact for pricing

      Mint Hill Land For Sale

      Approximately 19 acres with easy access to I-485.
      9945 Blair Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Crown Point Corporate Park Land

      Land in mixed-use development, close to major roads.
      2224 Coronation Blvd, Charlotte, NC 28227
      View Details
    • Contact for pricing
      1.00 Acre

      Waxhaw Retail Outparcels: Prime Location

      Restaurant & Medical Office Sites Available
      0 Providence St, Waxhaw, NC 28173
      View Details

    For Lease (12)

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    • Contact for pricing

      South Charlotte Retail/Office/Medical Space

      Retail, office, and medical space available for lease.
      S Providence St, Waxhaw, NC 28173
      View Details
    • Contact for pricing
      48,765 SF

      Medical Office Building For Rent

      48,765 SF medical office building in LoSo neighborhood.
      4544 South Blvd, Charlotte, NC 28209
      View Details
    • Contact for pricing
      1,882 SF

      Office/Medical Space in Waverly Market

      Office/medical space with excellent visibility and building signage available.
      11210 Golf Links Dr N, Charlotte, NC 28277
      View Details
    • Contact for pricing

      New Retail Construction Near Hospital

      New construction retail property in high-growth area near hospital.
      9623 Bailey Rd, Cornelius, NC 28031
      View Details
    • Contact for pricing

      New Retail Center For Sale

      New retail center in high-demand market near vacation destinations.
      20-26 Cassidy Dr, Bluffton, SC
      View Details
    • Contact for pricing
      15,000 SF

      Highway 73 Office, Medical, Retail

      Office, medical, retail spaces with highway visibility and access.
      Kenton Dr, Cornelius, NC 28031
      View Details
    • Contact for pricing
      11,200 SF

      Retail, Office, Medical Space Available

      Retail, office, and medical spaces for lease in Waxhaw.
      S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Land for Lease in Waxhaw

      Land available for lease in a growing South Charlotte community.
      3210 S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing
      7,130 SF

      Medical/Retail Space in Berewick Center

      Medical and retail spaces available in Berewick Town Center.
      4820 Berewick Town Ctr Dr, Charlotte, NC
      View Details
    • Contact for pricing
      1,741 SF

      Medical/Office Space For Lease

      Medical/Office space for lease in Arboretum area, South Charlotte.
      7509 Providence Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Class A, 60,000 SF, Multiple Suites Available
      986 Wellness Way, Fort Mill, SC 29715
      View Details
    • Contact for pricing

      Medical/Office Space in South Charlotte

      Medical office suites available in South Charlotte.
      7509 Providence Rd, Charlotte, NC 28270
      View Details

    Leases and Sales on Map

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    Mark Newell, 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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    Mark Newell, Charlotte, NC
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