7727 Mcwhirter Rd, Mint Hill, NC 28227

Building Details

Year Built 1963 More

Listed By: Leigh Brown Show Phone

Source: Onecommunity

Added: Sep 19 Changed: Nov 5 Last Checked: Nov 8 at 5:58AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leigh Brown

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,961

Cap Rate

3.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,220 $419.2K

Cap Rate 7%

$299,443 $299.4K

Cap Rate 9%

$232,900 $232.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,820 SF

Gross rent

$32.5K $17.88/SF

− Vacancy

−$2.6K −$1.43/SF

EGI

$29.9K $16.45/SF

− OpEx

−$9.0K −$4.94/SF

NOI

$21.0K $11.52/SF

Area

ZIP 28227

Vacancy

7.98%

Lease Rate

$17.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,220

Cap Rate 7%

$299,443

Cap Rate 9%

$232,900

Alternative Uses

Best Use

Multifamily LT 5

$299.4K

$262.0K – $349.4K (±1% cap)

NOI $20,961 @ 7.0% cap · market cap 3.22%

Second Best

Apartment 5plus

$275.1K

$240.7K – $320.9K (±1% cap)

NOI $19,255 @ 7.0% cap · market cap 2.96%

Theoretical Best

Office A

$648.4K

$567.4K – $756.5K (±1% cap)

NOI $45,391 @ 7.0% cap · market cap 6.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Locksmith Daycare Center Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

656

Businesses Nearby

Explore this area Business Placement

Demographics for 28227, NC

57,126

Population

23,179

Households

2.5

Avg Household Size

38

Median Age

30%

College-Educated

87%

High-School Grad

40.2 sq mi

ZIP Area

1,421

Density / Sq Mi

$75,322

Median Household Income

$41,742

Median Earnings

$1,412

Median Rent

$313,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

Where is this residential land & home lot located?

The property is located at 7727 Mcwhirter Rd Mint Hill, NC.

What is the asking price?

The asking price for this property is $650,000.