Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9121 Hutchinson Ln Charlotte, NC 28216

    Sponsored
    For Sale
    $699,000

    MULTI_FAMILY - Charlotte, NC

    Lot size:
    1.85 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 5 at 9:06 am

    Property Features for 9121 Hutchinson Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    03303109
    Parking features
    Driveway
    Pets allowed
    Call
    Lot size
    1.85 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    2026
    Number of units
    15

    We can help!

    Listing Contact
    Josh Jolley

    ProStead Realty (704) 333-8905

    Listing agent Josh Jolley (828) 319-7206

    Listing date Jan 27, 2026

    MLS# 4326445 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Approved Townhome Development Opportunity

    This nearly 2-acre parcel presents a development opportunity, fully approved by the City of Charlotte Land Development for the construction of a 14-unit townhome development. The property is strategically positioned near Hwy 16 and I-485, offering convenient access to transportation. It is also located minutes from Riverbend Village, which features retail and dining options such as Harris Teeter, Walmart, and Chick-fil-A. Situated in a rapidly growing area, the location is surrounded by established neighborhoods and ongoing development. This shovel-ready project is suitable for those looking to capitalize on Charlotte's expanding northwest corridor. The property's location provides easy access to major highways, employment centers, and lifestyle amenities, making it ideal for build-to-rent or build-to-sell investment strategies. The lot size is approximately 1.846 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.923178
    Latitude
    35.312154

    Nearby Similar for Sale

    • $1,750,000
      0.60 Acres

      Versatile Commercial Office in Oakhurst

      Multi-use commercial office space in a prime Charlotte location.
      5101 Monroe Rd, Charlotte, NC 28205
      View Details
    • $1,479,800
      0.20 Acres

      Versatile Duplex Near Camp North End

      Configurable duplex with rental potential near urban amenities.
      209 Keswick Ave, Charlotte, NC 28206
      View Details
    • $1,324,500
      0.19 Acres

      Modern Duplex in Historic Charlotte

      New construction duplex with modern finishes, ideal for investment.
      2001-1121 Renner St, Charlotte, NC 28216
      View Details
    • $1,324,500
      5,015 SF

      Modern Townhome Duet, No HOA

      New construction townhome duet in historic West Charlotte.
      2001-1121 Renner St, Charlotte, NC 28216
      View Details
    • $435,000
      0.22 Acres

      Charlotte Duplex: Turn-Key Investment

      Duplex in prime location, move-in ready, great investment opportunity.
      1424 Wembley Dr, Charlotte, NC 28205
      View Details
    • New
      $725,000
      0.22 Acres

      New Construction Duplex with ADU

      New construction duplex with detached ADU, built in 2024.
      729 Wabash Ave, Charlotte, NC 28208
      View Details
    • New
      $295,000
      2.50 Acres

      Crown Centre Office Suite

      1,100 SF office suite with open layout and offices.
      2101 Sardis Rd N, Charlotte, NC 28227
      View Details
    • New
      $1,200,000
      0.18 Acres

      New Construction Home Near Uptown

      New construction home near Camp North End and Uptown Charlotte.
      2804/2808 Grimes St, Charlotte, NC 28206
      View Details
    • $625,000
      0.12 Acres

      New Duplex Near Uptown Charlotte

      New two-story duplex perfect for investors near Uptown Charlotte.
      4500/4502 W Tyvola Rd, Charlotte, NC 28208
      View Details
    • New
      $1,599,000
      0.20 Acres

      New Townhome Portfolio in Charlotte

      Four new townhomes in South Charlotte near Blue Line.
      8927 Sharonbrook Dr, Charlotte, NC 28210
      View Details
    • $649,800
      0.24 Acres

      New Construction Townhome Near Uptown

      New construction townhome near White Water Center and Uptown.
      3222 Sam Wilson Rd, Charlotte, NC 28214
      View Details
    • $549,000
      Pending

      Remodeled Duplex in South Charlotte

      Income-producing duplex with updated interiors in a prime Charlotte location.
      8635 Crows Nest Ln, Charlotte, NC 28226
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approved 14-unit townhome development site near major highways and amenities.
    Where is this residential land & home lot located?
    The property is located at 9121 Hutchinson Ln Charlotte, NC.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Fully approved 14-unit townhome development on nearly 2 acres.; - Shovel-ready project, ideal for immediate development.; - Strategically located near Hwy 16 and I-485.
    (704) 333-8905
    Request Owner's contact information
    9121 Hutchinson Ln Charlotte, NC 28216
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9121 Hutchinson Ln
    Charlotte, NC 28216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    9121 Hutchinson Ln Charlotte, NC 28216
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Josh Jolley
    (704) 333-8905
    Learn more
    Google sign-in failed. Please try again or use another login method.