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

    1633 Arrowood Rd Charlotte, NC 28217

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

    2.96 Acres, Hotel/Retail Potential

    Property Features for 1633 Arrowood Rd

    General Information

    Property type
    Land
    Lot Size
    128,938 SF

    We can help!

    Listing Contact
    William Haygood
    William Haygood

    Listing Agency: Boundary Street Advisors Listing Agent: William Haygood

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2.96-acre commercial land parcel in Charlotte, NC, presents a unique development opportunity. Located at 1633 W Arrowood Rd, in Mecklenburg County (zip code 28217), this property boasts an OFC zoning designation. Its strategic location at the intersection of Interstates 77 and 485 provides unparalleled accessibility to major thoroughfares and affluent residential areas including Uptown, Midtown/South End, SouthPark, Ballantyne, Fort Mill, and Berewick. The site is also minutes from abundant dining, shopping, and lodging options, and enjoys convenient proximity to Charlotte Douglas International Airport. Pre-approved plans exist for a 95-room, four-story dual-brand Wyndham hotel, although alternative uses or hotel flags will be considered. This offering presents a compelling investment opportunity for developers seeking a prime location with existing approvals and significant upside potential. The asking price is $2,100,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.918156594333
    Latitude
    35.142653512056

    Nearby Similar for Sale

    • $550,000
      0.25 Acres

      Commercial Opportunity Near Uptown Charlotte

      Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
      738 Pierson Dr, Charlotte, NC 28205
      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
    • $1,895,000
      0.25 Acres

      Corner Unit in Northlake Pavilion

      Large flex space near I-77 and Northlake Mall.
      10624 Metromont Pkwy, Charlotte, NC 28269
      View Details
    • $600,000
      0.45 Acres

      Commercial Building in Growing Area

      Commercial building in Charlotte, NC, with strong visibility and accessibility.
      3316 Nevin Rd, Charlotte, NC 28269
      View Details
    • $1,100,000
      0.05 Acres

      Office Building on Monroe Road

      Energy-efficient office building with solar array in Charlotte, NC.
      5513 Monroe Rd, Charlotte, NC 28212
      View Details
    • $1,200,000
      0.09 Acres

      Commercial Building in Charlotte, NC

      Office building for sale in Charlotte, North Carolina.
      5511 Monroe Rd, Charlotte, NC 28212
      View Details
    • $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
    • $2,500,000
      0.73 Acres

      Charlotte Retail Investment Opportunity

      Two retail buildings on 0.733 acres in Charlotte, NC.
      2934 Shamrock Dr, Charlotte, NC 28205
      View Details
    • $625,000
      0.88 Acres

      Commercial Land on W Sugar Creek

      Commercial zoned land with road frontage on W. Sugar Creek Road.
      723 W Sugar Creek Rd, Charlotte, NC 28213
      View Details
    • New
      $399,000
      0.69 Acres

      Charming Duplex on Large Lot

      Rare brick duplex on a large lot in Charlotte, NC.
      2623 Shamrock Dr, Charlotte, NC 28205
      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
      $305,000
      1,220 SF

      Modern Multi-Family in Charlotte, NC

      Bright, open floor plan near Park Road Shopping Center.
      1300 Reece Rd, Charlotte, NC 28209
      View Details

    FAQs

    What type of property is this?
    Land - 2.96 Acres, Hotel/Retail Potential
    Where is this land located?
    The property is located at 1633 Arrowood Rd Charlotte, NC.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 2.96-acre commercial land parcel in Charlotte, NC.; Located at 1633 W Arrowood Rd, Mecklenburg County, zip code 28217, with OFC zoning.; Prime location at I-77 and I-485 intersection, offering excellent access to major areas and amenities.
    (704) 724-3330 Call to check price and availability
    Request Owner's contact information
    1633 Arrowood Rd Charlotte, NC 28217
    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.
    1633 Arrowood Rd
    Charlotte, NC 28217
    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
    1633 Arrowood Rd Charlotte, NC 28217
    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 William Haygood
    William Haygood
    Real Estate License ID: 290707
    (704) 724-3330
    Learn more
    Google sign-in failed. Please try again or use another login method.