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    11111 Carmel Commons Blvd Charlotte, NC 28226
    Property profile & analytics

    11111 Carmel Commons Blvd Charlotte, NC 28226

    View on Map
    • Lifestyle centers
    • 87,231 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gibson L Theresa PhD / Physician / Medical Clinic
    • Salons by JC / Hair Salon / Nail Salon
    • Impact Marketing Partners / Marketing & Advertising / Advertising Agency
    • Dominion Payroll / Accounting Firm
    • South Stone Properties / Real Estate Agency

    Property Details for 11111 Carmel Commons Blvd

    Year built
    1982
    Property size
    87,231 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Carmel Park I, located at 11111 Carmel Commons Blvd in Charlotte, NC 28226, offers exceptional executive office space within a Class A building. This 87,231 square foot property, built in 1982, features a total of six suites, providing multiple tenancy options. The building boasts ample parking for tenants and visitors. Individual suites range from a minimum of 1,455 square feet to a maximum contiguous space of 5,367 square feet, with a significant 18,272 square feet currently vacant. The property is categorized as both Retail and Office, specifically designated as an Executive Office and Shopping Center. Situated in Mecklenburg County, this location provides convenient access to Charlotte's vibrant business community. The property is undergoing renovations under new ownership, promising enhanced property management and customer service. This presents a unique opportunity for businesses seeking high-quality office space in a prime Charlotte location. The property's flexible suite sizes cater to a variety of business needs, making it an ideal choice for companies of all sizes. Inquire today to learn more about this exceptional opportunity.

    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
    -80.8479
    Latitude
    35.0848

    Comparable in this City

    • Value Estimation
      $11,950,000
      66,108 SF

      4100 Carmel Rd

      SHOPPING CENTER, STRIP CENTER • 66,108 SF
      4100 Carmel Rd, Charlotte, NC 28226-6150
      View Details
    • Value Estimation
      $5,535,000
      27,766 SF

      7812 Fairview Rd

      SHOPPING CENTER, STRIP CENTER • 27,766 SF
      7812 Fairview Rd, Charlotte, NC 28226-4945
      View Details
    • Value Estimation
      $26,655,000
      141,117 SF

      6642 Carmel Rd

      SHOPPING CENTER, STRIP CENTER • 141,117 SF
      6642 Carmel Rd, Charlotte, NC 28226-3900
      View Details
    • Value Estimation
      $18,265,000
      96,733 SF

      7823 Colony Rd

      SHOPPING CENTER, STRIP CENTER • 96,733 SF
      7823 Colony Rd, Charlotte, NC 28226-7674
      View Details
    • Value Estimation by Request
      5,200 SF

      Extraordinary Restaurant For Sale- Sales Exceeding $3.1Million!

      Restaurants • 5,200 SF
      0 Extraordinary Restaurant For Sale- Sales Exceeding $3.1Million!, Charlotte, NC 28226
      View Details
    • Value Estimation by Request
      444 SF

      10801 Johnston Rd Ste, Unit 205

      CONDOMINIUM OFFICES • 444 SF
      10801 Johnston Rd Ste, Charlotte, NC 28226-0920
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,610 SF

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      Renovated Office Building with Amenities

      Newly renovated office building with retail, ample parking, and amenities.
      11111 Carmel Commons Blvd, Charlotte, NC 28226
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    • $949,000
      1.14 Acres

      South Park Acreage, Build Dream Home

      Rare 1.14-acre lot in the heart of South Park.
      4819 Camilla Dr, Charlotte, NC 28226
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    • $978,000
      0.69 Acres

      SouthPark Land Investment Opportunity

      Prime 0.69-acre lot in SouthPark with redevelopment potential.
      4640 Town And Country Dr, Charlotte, NC 28226
      View Details
    • New
      $324,800
      0.19 Acres

      Developed Lot in South Charlotte

      Ready-to-build lot in prime location near shopping and recreation.
      6814 Larrisa Ct, Charlotte, NC 28226
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    • $2,500,000
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      Residential Land in South Charlotte

      Development opportunity in a desirable, rapidly growing South Charlotte location.
      7000 Old Providence Rd, Charlotte, NC 28226
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Charlotte, NC

      15,742 SF junior anchor space with attractive co-tenancy.
      7601 Pineville-Matthews Rd, Charlotte, NC 28226
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    • $24 SF/Yr
      1,050 SF

      Professional Office Space For Rent

      Second floor office space available December 1st.
      10801 Johnston Rd, Charlotte, NC 28226
      View Details
    • Contact for pricing

      Office Space at Highway 51

      Office space conveniently located at the intersection of NC Highway 51.
      7621 Little Ave, Charlotte, NC 28226
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      Office building with ample parking and convenient highway access.
      3315 Springbank Ln, Charlotte, NC 28226
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      Charlotte Office Space For Rent

      Office space available for lease in Charlotte, North Carolina.
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      1,449 SF

      Office Space with Open Layout

      Office space featuring private offices, conference room, and open layout.
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    Charlotte, NC 28226
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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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