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    4514 Wilgrove Mint Hill Road Mint Hill, NC 28227

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    Claim this Listing
    For Sale
    $689,000

    SINGLE_FAMILY - Mint Hill, NC

    Type:Office
    Property size:
    3,889 SF
    Lot size:
    0.70 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 27 at 9:06 pm

    Property Features for 4514 Wilgrove Mint Hill Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
    Parking features
    Driveway, Carport
    Window features
    Insulated Windows, Window Treatments
    Patio and Porch features
    Deck
    Appliances
    Dishwasher, Electric Oven, Electric Water Heater
    Standard status
    Active
    APN
    137-112-08
    Size
    3,889 SF
    Lot size
    0.70 Acres

    Taxes and HOA fees

    Tax Description
    L84-90B6 M6-49

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central, Forced Air, Oil
    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Flooring type
    Wood, Parquet Wood, Carpet, Vinyl
    Building materials
    Brick Full, Block
    Roof type
    Shingle
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Anna Granger
    Anna Granger

    Listing agent Anna Granger

    Listing office 1st Choice Properties Inc 7427 Matthews Mint Hill Road Suite 105-126, Charlotte NC, NC

    Listing date Apr 17, 2026

    MLS# 4371040

    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.

    Overview

    Mint Hill Live-Work Opportunity

    Located in the heart of Mint Hill, this property offers a rare opportunity within the highly desirable Mint Hill Downtown Overlay (DO-A) zoning district. The property includes an 1,889 square foot single-family home featuring a functional layout and flexible living spaces. A separate driveway leads to a fully refurbished 2,000 square foot office/workshop building with its own electric meter and services. This additional building is suitable for a workshop, office, storage, hobby use, or potential business-related functions, subject to zoning guidelines. The 0.7-acre lot allows for certain customary home occupations and business uses while maintaining the residential character of the property. This property is ideal for buyers seeking flexibility for a home office, studio, workshop, or small-scale business operation, while enjoying a residential setting. Its location provides convenient access to Mint Hill, Matthews, and major commuter routes, offering convenience, visibility, and long-term potential. The property presents options for a primary residence, a live/work opportunity, or a property with future zoning flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mint Hill
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.64923
    Latitude
    35.182766

    FAQs

    What type of property is this?
    Live-work space - Rare opportunity: residential living with flexible use capability in Mint Hill.
    Where is this live-work space located?
    The property is located at 4514 Wilgrove Mint Hill Road Mint Hill, NC.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: Flexible use capability with Mint Hill Downtown Overlay (DO‑A) zoning.; Separate **2,000 SF Refurbished Office/Workshop** with its own driveway and electric meter.; Prime location minutes from Mint Hill, Matthews, and major commuter routes.
    (704) 650-5707
    We can help!
    Listing Contact
    Anna Granger
    Anna Granger
    Learn More
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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.

    More about this property
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