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

    1842 Starita Rd Charlotte, NC 28206

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime I-2 zoned land, 0.23 acres.

    Property Features for 1842 Starita Rd

    General Information

    Property type
    Land
    Lot Size
    10,019 SF

    We can help!

    Listing Contact
    Chuck Young
    Chuck Young

    Listing Agency: KW Commercial Lake Norman - Mooresville Listing Agent: Chuck Young

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.23-acre commercial land parcel presents a unique investment opportunity in Charlotte, North Carolina. Located at 1842 Starita Rd, in Mecklenburg County, this property boasts an I-2 zoning designation, opening doors to a wide array of commercial development possibilities. The convenient location within the 28206 zip code offers excellent access to major transportation routes and established businesses, making it an ideal site for entrepreneurs and investors alike. With its relatively flat topography and readily accessible utilities, this site is primed for efficient development. The parcel's size is perfect for smaller-scale commercial ventures, such as retail spaces, light industrial uses, or professional offices. The APN is 077-151-11. This property is being offered as-is, and interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended use. Don't miss this chance to acquire a strategically located commercial lot in a thriving Charlotte neighborhood. This is a rare opportunity to secure a foothold in a dynamic market. Contact us today to learn more about this exciting prospect.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.819878
    Latitude
    35.271509

    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
    • $794,900
      4,010 SF

      New Construction Duplex in Charlotte

      New construction duplex with modern amenities and convenient location.
      339 Gray Dr, Charlotte, NC 28213
      View Details
    • $825,000
      0.20 Acres

      Dilworth Duplex Investment Opportunity

      Two-unit duplex in Dilworth, ideal for short-term rentals.
      2136-2138 Kirkwood Ave, Charlotte, NC 28203
      View Details
    • New
      $1,315,000
      0.19 Acres

      Modern Duplex in West Charlotte

      New construction duplex with no HOA near Uptown Charlotte.
      2001-1121 Renner St, Charlotte, NC 28216
      View Details
    • New
      $1,315,000
      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
    • New
      $625,000
      0.12 Acres

      New Charlotte Duplex: Investor Ready

      New duplex near Uptown Charlotte, ideal for investors or owner-occupants.
      4504/4506 W Tyvola Rd, Charlotte, NC 28208
      View Details
    • New
      $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
    • $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
    • $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
      $1,599,000
      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
    • $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
    • $625,000
      0.20 Acres

      New Duplex Near Uptown Charlotte

      Move-in ready duplex perfect for investment or owner-occupancy.
      521/525 N Linwood Ave, Charlotte, NC 28216
      View Details

    FAQs

    What type of property is this?
    Land - Prime I-2 zoned land, 0.23 acres.
    Where is this land located?
    The property is located at 1842 Starita Rd Charlotte, NC.
    What are key features of this property?
    This property features: 0.23-acre commercial land parcel in Charlotte, NC.; Located at 1842 Starita Rd, Mecklenburg County, with I-2 zoning.; Excellent access to major transportation routes and businesses in 28206 zip code.
    (704) 577-5979 Call to check price and availability
    Request Owner's contact information
    1842 Starita Rd Charlotte, NC 28206
    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.
    1842 Starita Rd
    Charlotte, NC 28206
    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
    1842 Starita Rd Charlotte, NC 28206
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chuck Young
    Chuck Young
    Real Estate License ID: 272367
    (704) 577-5979 (704) 892-5518
    Learn more
    Google sign-in failed. Please try again or use another login method.