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    Charlotte Heavy Industrial Property For Sale Title is generated by Realmo AI

    3251 Robinson Circle, Charlotte, NC 28206

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    Claim this Listing
    Pending
    $3,500,000

    SINGLE_FAMILY - Charlotte, NC

    Type:Office
    Property size:
    16,000 SF
    Lot size:
    1.74 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    46
    Last Refresh:
    May 25 at 3:06 pm

    Property Features for 3251 Robinson Circle

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    ML-2
    Fencing
    Fenced
    Standard status
    Pending
    APN
    08506131
    Size
    16,000 SF
    Lot size
    1.74 Acres

    Taxes and HOA fees

    Tax Description
    P1 M24-286

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1991
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Patrick Register

    Listing agent Patrick Register License #233487/111829,NC/SC

    Listing office Coldwell Banker Realty 3440 Toringdon Way, Suite 110, Statesville, NC

    Listing date Apr 10, 2026

    MLS# 4368010

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Heavy Industrial (ML‑2) zoning suitable for a wide range of industrial uses.
    • Large, fenced outdoor storage area capable of accommodating +20 tractors and trailers with unobstructed access.
    • Excellent location: 2.0 miles to I‑85, 2.0 miles to I‑77, 3.0 miles to Uptown Charlotte.
    • +/-16,000 SF metal building with 18 FT peak and 15 FT edge clear height.
    • Multiple loading options: Two dock doors and Three 14 FT x 14 FT grade‑level drive‑in doors.
    • 1.74 acre lot perfect for owner‑user.

    Overview

    This heavy industrial property is located in northeast Charlotte. It features a metal building with approximately 16,000 square feet. The building has a peak height of 18 feet and an edge clear height of 15 feet. There are two dock doors and three 14 ft x 14 ft grade-level drive-in doors. The property includes metal roofing and two bathrooms. The 1.74-acre site offers a large, fenced outdoor storage area and parking capable of accommodating over 20 tractors and trailers with unobstructed access. It is suitable for an owner-user. A tenant is currently in place with a lease extending through December 31, 2026, at below-market rent. The property is located 2.0 miles from I-85, 2.0 miles from I-77, and 3.0 miles from Uptown. The zoning is ML-2.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $2.20M
    NOI $198,370 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.83M
    NOI $198,370 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.97M
    NOI $198,370 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $249.6k $15.60
    − Vacancy −$16.2k −$1.01
    EGI $233.4k $14.59
    − OpEx −$35.0k −$2.19
    NOI $198.4k $12.40
    16,000 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $2.83M
    $2.48M – $3.31M (±1% cap)
    NOI $198,370 @ 7.0% cap · market cap 5.67%
    Second Best
    Industrial
    $2.33M
    $2.04M – $2.72M (±1% cap)
    NOI $163,363 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Office A
    $5.33M
    $4.66M – $6.22M (±1% cap)
    NOI $372,962 @ 7.0% cap · market cap 10.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wearhouse Trucking Company Trucking and service Trucking Company Carpet & Flooring USA ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • FileSolve — 3001 N Graham St B, Charlotte, NC 28206
    • Quick Movers
    • Fly Movers & Storage — 717 atando ave ste c, charlotte, nc 28206
    • Building Blocks Moving — 701 Atando Ave # E, Charlotte, NC 28206
    • Patterson Pope — 3001 N Graham St, Charlotte, NC 28206

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.81178
    Latitude
    35.256308

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    FAQs

    What type of property is this?
    Warehouse - Heavy industrial property with metal building and fenced outdoor storage.
    Where is this warehouse located?
    The property is located at 3251 Robinson Circle Charlotte, NC.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Heavy Industrial (ML‑2) zoning suitable for a wide range of industrial uses.; Large, fenced outdoor storage area capable of accommodating +20 tractors and trailers with unobstructed access.; Excellent location: 2.0 miles to I‑85, 2.0 miles to I‑77, 3.0 miles to Uptown Charlotte.
    (704) 621-0190
    We can help!
    Listing Contact
    Patrick Register
    Real Estate License ID: 233487/111829,NC/SC
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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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