Add Listing
    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

    9836 Albemarle Road Charlotte, NC 28227

    View on Map
    For Sale
    $110,000

    LAND - Charlotte, NC

    Lot size:
    2.19 Acres
    Added:
    Apr 19, 2025
    Days on Market:
    356
    Last Refresh:
    Apr 9 at 5:06 am

    Property Features for 9836 Albemarle Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    109-401-22
    Lot size
    2.19 Acres

    Taxes and HOA fees

    Tax Description
    9836 ALBEMARLE RD

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Erika White
    Erika White

    Listing agent Erika White License #174474

    Listing office Coldwell Banker Realty 115 East Park Ave, Ste E, Charlotte, NC

    Listing date Apr 19, 2025

    MLS# 4248922

    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.

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.676808
    Latitude
    35.207244

    Nearby Similar for Sale

    • $579,000

      South Charlotte Office/Warehouse Space

      End-unit office/warehouse near HWY-77 & HWY-485 interchange.
      362 Crompton Street, Charlotte, NC 28273
      View Details
    • $349,900

      Acre Lot Multifamily Opportunity

      Multifamily property on a large lot backing Ribbonwalk Park.
      4019 Durham Lane, Charlotte, NC 28269
      View Details
    • $450,000

      Retail Property on Busy Corner

      Two properties on a busy corner lot intersection.
      1836 Oakdale Road unit: 1 & 2, Charlotte, NC 28216
      View Details
    • $700,000

      Classic Duplex in Historic Elizabeth

      Charming Charlotte duplex: income potential in a desirable location.
      2530 E 7th Street, Charlotte, NC 28204
      View Details
    • $738,000

      Two Income Properties Near UNCC

      Two income-producing properties in Charlotte's University area near UNCC.
      9524 & 9525 Robert Burns Court, Charlotte, NC 28213
      View Details
    • $719,000

      New Construction Triplex in Charlotte

      New construction triplex with ADU, ideal for investors.
      729 Wabash Avenue, Charlotte, NC 28208
      View Details
    • $189,000

      Commercial Lot I-85 Exit 36

      Premier commercial lot with CG zoning at I-85 Exit.
      3620 Darby Avenue, Charlotte, NC 28216
      View Details
    • $350,000

      Prime Development Opportunity in Charlotte

      1.672-acre site in University City, Charlotte, North Carolina.
      E WT Harris Boulevard, Charlotte, NC 28213
      View Details
    • $650,000

      Development Opportunity in Charlotte, NC

      2.849-acre site in University City growth corridor.
      8421 University E Drive, Charlotte, NC 28213
      View Details
    • $585,000

      Charlotte Acre Development Opportunity

      Acre lot in rapidly growing Enderly Park area.
      1318 Enderly Road unit: 1B, Charlotte, NC 28208
      View Details
    • $350,000

      Commercial Lot in Charlotte, NC

      Prime commercial lot ready for development in Charlotte, NC.
      5840 University Pointe Boulevard, Charlotte, NC 28262
      View Details
    • $229,995

      Charlotte Land Near Silver Line

      0.24-acre lot in a rapidly growing Charlotte corridor.
      733 Fugate Avenue, Charlotte, NC 28205
      View Details

    FAQs

    Where is this residential land & home lot located?
    The property is located at 9836 Albemarle Road Charlotte, NC.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Spacious 2.19‑acre lot, perfect for creating your ideal space.; Beautiful water views offering a serene backdrop.; Minutes from downtown Charlotte, enjoy city amenities with a short drive.
    (704) 451-0234
    We can help!
    Listing Contact
    Erika White
    Erika White
    Real Estate License ID: 174474
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!