Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4942 Trojan Dr Charlotte, NC 28278

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4942 Trojan Dr

    Property type
    Land

    Description

    This exceptional one-acre commercial land parcel presents a unique investment opportunity in Charlotte's rapidly expanding Steele Creek area. Situated at the intersection of I-485 and Highway 160, this property boasts unparalleled visibility and accessibility. It's directly adjacent to a soon-to-be-built six-story, 124-room Hilton Garden Inn (construction commencing September 2024) and a thriving retail center anchored by Longhorn Steakhouse and a new Olive Garden prototype building. The 17-acre development also enjoys proximity to the Charlotte Premium Outlets mall, further enhancing its strategic location. Across the street, a significant $180 million+ Novant Medical Center is under construction. To the north lies Crescent Communities' master-planned development, encompassing over 1400 acres and projected to include 5,000+ residential units. This prime location ensures high traffic volume and strong future growth potential. Easy access is provided via Trojan Drive and Outlets Boulevard, offering convenient ingress and egress. The property's location within this dynamic area, combined with its excellent visibility from Highway 160, makes it an ideal site for a variety of commercial ventures. Future light is warranted. The address is 4942 Trojan Drive, Charlotte, NC 28278, in Mecklenburg County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9676
    Latitude
    35.1649

    Comparable in this City

    • Value Estimation by Request
      1.66 Acres

      4917 Trojan Dr

      Land • 1.66 Acres
      4917 Trojan Dr, Charlotte, NC 28278
      View Details
    • Value Estimation by Request
      6.40 Acres

      16431 Capps Rd

      Land • 6.40 Acres
      16431 Capps Rd, Charlotte, NC 28278
      View Details
    • Value Estimation by Request
      5.56 Acres

      Charlotte, NC 28278

      INDUSTRIAL - VACANT LAND • 5.56 Acres
      Charlotte, NC 28278
      View Details
    • Value Estimation by Request
      0.27 Acres

      7801 Mtn Vw Rd

      INDUSTRIAL - VACANT LAND • 0.27 Acres
      7801 Mtn Vw Rd, Charlotte, NC 28278
      View Details
    • Value Estimation by Request
      0.60 Acres

      8407 Trexler Ave

      INDUSTRIAL - VACANT LAND • 0.60 Acres
      8407 Trexler Ave, Charlotte, NC 28278
      View Details
    • Value Estimation by Request
      383.90 Acres

      Sadler Rd

      INDUSTRIAL - VACANT LAND • 383.90 Acres
      Sadler Rd, Charlotte, NC 28278
      View Details

    Similar Nearby for Sale

    • $2,175,000
      1.66 Acres

      Steele Creek Commercial Land - $2.175M

      1.66 Acres, I-485/160 Interchange, Utilities Available
      4917 Trojan Dr, Charlotte, NC 28278
      View Details
    • Contact for pricing
      6.40 Acres

      Prime Steele Creek Land - Charlotte, NC

      6.4 Acres, R3 Zoning, Development Opportunity
      16431 Capps Rd, Charlotte, NC 28278
      View Details
    • $314,999
      5.29 Acres

      Land in The Sanctuary, Charlotte

      5.29 acre lot in The Sanctuary near Lake Wylie.
      14427 Roe Buck Meadow Ln, Charlotte, NC 28278
      View Details
    • $4,375,000
      16.00 Acres

      Charlotte Land Development Opportunity

      16-acre land parcel in growing Steele Creek area.
      15207 Shopton Rd W, Charlotte, NC 28278
      View Details
    • $540,000

      Lake Wylie Estate Home Lot

      5.7 acre lot in The Sanctuary community on Lake Wylie.
      10629 Island Point Rd, Charlotte, NC 28278
      View Details
    • $799,000

      Waterfront Lot in Sanctuary Community

      4.28-acre waterfront lot with approved dock plans in Charlotte.
      13712 Sage Thrasher Ln, Charlotte, NC 28278
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Berewick Town Center Medical Office Space

      Modern Medical Office Suites, Prime Location
      0 Berewick Town Ctr Dr, Charlotte, NC 28278
      View Details
    • Contact for pricing

      Retail Space in Charlotte, NC

      79,226 SF Harris Teeter anchored neighborhood center for lease.
      13000 South Tryon St, Charlotte, NC 28278
      View Details
    • Contact for pricing

      Publix Anchored Shopping Center

      47,000 SF retail space in growing Steele Creek community.
      160 Hwy 49 & Hwy, Charlotte, NC 28278
      View Details
    • Contact for pricing
      300,000 SF

      Charlotte Industrial Facility For Rent

      300,000 SF industrial facility near Charlotte Douglas Airport.
      10800 Withers Cove Park Dr, Charlotte, NC 28278
      View Details
    • Contact for pricing

      Charlotte Warehouse Space Available

      Warehouse space available for rent in Charlotte, North Carolina.
      10723 Garrison Rd, Charlotte, NC 28278
      View Details
    • Contact for pricing
      108,160 SF

      New Warehouse Space Available

      108,160 SF warehouse space for lease, built in 2026.
      10723 Garrison Rd, Charlotte, NC 28278
      View Details
    Request Owner's contact information
    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.
    4942 Trojan Dr
    Charlotte, NC 28278
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.