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    Property profile & analytics

    8810 Blakeney Professional Dr Charlotte, NC 28277-6595

    • Office Properties & Spaces
    • 2,374 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1368140
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Inspire Dentistry Of The Carolinas / Dentist
    • Allergy Asthma & Immunology Relief / Medical Clinic / Allergist
    • Maeve E. O'Connor, MD, FACAAI, FAAAAI, FACP / Allergist / Immunologist
    • Kumon Math and Reading Center of Charlotte - Ballantyne / Learning Center / Tutoring Service
    • Marlow Wendy Lev / Physician Assistant

    Property Details for 8810 Blakeney Professional Dr

    Year built
    2003
    Lot size
    1.09 lot acres
    Property size
    2,374 SF
    Zone code
    O1CD
    Property type
    Office Properties & Spaces
    APN
    22940376
    APU
    22940376

    Description

    This exceptional 3,607 square foot medical office building, constructed in 2003, presents a rare ownership opportunity in the highly desirable Blakeney Professional Park in Charlotte, North Carolina. Located at 8810 Blakeney Professional Drive, Suite 100, this owner-user investment is priced at $1,659,220, translating to $460 per square foot. The property boasts a comprehensive medical build-out, perfectly suited for a variety of medical specialties. Features include a spacious reception area with seating for up to 20 patients, eight exam rooms (five equipped with sinks), a dedicated procedure room, a lab, a nurse's station, a convenient break room, and three restrooms (one featuring a shower and lockers). A private doctor's or administrator's office completes the layout. The end-unit location offers exceptional visibility and signage opportunities on three sides of the building, including prominent exposure along Rea Road. This turnkey medical office space is ready for immediate occupancy and presents a unique chance to establish or expand a thriving medical practice in a prime Charlotte location within Mecklenburg County, zip code 28277. The property's strategic location near the intersection of Rea Road and Ardrey Kell Road ensures high visibility and accessibility for patients.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $379,000
      Market price range: $149k - $521k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.807
    Latitude
    35.0315
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,437
    $0.00
    $741,300
    $741,300
    -
    $0.00
    $741,300
    $741,300

    Comparable in this City

    • Value Estimation by Request

      9612 Longstone Ln

      Specialty properties
      9612 Longstone Ln, Charlotte, NC 28277
      View Details
    • Value Estimation
      $280,000
      3,478 SF

      8133 Ardrey Kell Rd Ste, Unit 204

      CONDOMINIUM OFFICES • 3,478 SF
      8133 Ardrey Kell Rd Ste, Charlotte, NC 28277-5723
      View Details
    • Value Estimation
      $290,000
      1,252 SF

      8832 Blakeney Professional Dr Ste, Unit 301

      CONDOMINIUM OFFICES • 1,252 SF
      8832 Blakeney Professional Dr Ste, Charlotte, NC 28277-6809
      View Details
    • Value Estimation
      $290,000
      2,528 SF

      12105 Copper Way Ste, Unit 102

      CONDOMINIUM OFFICES • 2,528 SF
      12105 Copper Way Ste, Charlotte, NC 28277-1817
      View Details
    • Value Estimation
      $640,000
      1,507 SF

      8145 Ardrey Kell Rd Ste, Unit 105

      CONDOMINIUM OFFICES • 1,507 SF
      8145 Ardrey Kell Rd Ste, Charlotte, NC 28277-5721
      View Details
    • Value Estimation
      $185,000
      625 SF

      17232 Lancaster Hwy Ste, Unit 112

      CONDOMINIUM OFFICES • 625 SF
      17232 Lancaster Hwy Ste, Charlotte, NC 28277-2093
      View Details

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    Charlotte, NC 28277-6595
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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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