Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prescott Glen Pkwy Waxhaw, NC 28173
    Back to Search
    Property profile & analytics

    Prescott Glen Pkwy Waxhaw, NC 28173

    View on Map
    • Retail properties & Spaces
    • 82,914 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Prescott Glen Pkwy

    Property size
    82,914 SF
    Property type
    Retail properties & Spaces

    Description

    Prescot Village offers exceptional retail opportunities in the thriving town of Waxhaw, North Carolina. This Class A shopping center development boasts a total of 82,914 square feet of leasable space, anchored by a Lowe's Foods grocery store, ensuring high foot traffic and visibility. The property is ideally situated on Prescott Glen Pkwy, in zip code 28173, providing convenient access for customers. Multiple tenancy options are available, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 20,000 square feet, catering to a variety of business needs and sizes. Whether you're seeking a smaller retail shop or a larger space, Prescot Village offers the flexibility to accommodate your specific requirements. The property's prime location and strong anchor tenant make it an attractive investment for businesses looking to establish or expand their presence in a rapidly growing market. The diverse subtype allows for commercial, retail, office, and restaurant uses, providing a wide range of possibilities for potential tenants. This is a unique opportunity to secure a space in a vibrant and successful shopping center. Contact us today to learn more about the available spaces and leasing options at Prescot Village.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.7627
    Latitude
    34.9468

    Comparable in this City

    • Value Estimation by Request
      1 SF

      3012 Providence St

      Individual retail properties • 1 SF
      3012 Providence St, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      22,540 SF

      1530 Providence Rd

      Medical Office Space • 22,540 SF
      1530 Providence Rd, Weddington, NC 28173
      View Details
    • Value Estimation by Request
      1,588 SF

      Ballantyne Turnkey Restaurant For Sale - Includes 2 Hoods!

      Restaurants • 1,588 SF
      0 Ballantyne Turnkey Restaurant For Sale - Includes 2 Hoods!, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      15,000 SF

      1000 Aspinal St

      Office Units • 15,000 SF
      1000 Aspinal St, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      1.00 Acre

      Providence St

      Restaurants • 1.00 Acre
      0 Providence St, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      2,400 SF

      1001 Aspinal St

      Restaurants • 2,400 SF
      1001 Aspinal St, Waxhaw, NC 28173
      View Details

    Similar Nearby for Sale

    • $6,627,000
      41,356 SF

      Waxhaw Retail Ground Lease Opportunity

      Retail property in Waxhaw, NC with corporate ground lease.
      2520 Cuthbertson Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing
      1.00 Acre

      Waxhaw Retail Outparcels: Prime Location

      Restaurant & Medical Office Sites Available
      0 Providence St, Waxhaw, NC 28173
      View Details
    • $594,000
      2.00 Acres

      Waxhaw Commercial Land Opportunity

      Two-acre development site, prime location.
      824 Waxhaw Indian Trail Rd, Waxhaw, NC 28173
      View Details
    • New
      $150,000
      5.54 Acres

      Waxhaw Land for Sale

      5.5+ acre lot suitable for estate or small farm.
      -- Davis Rd, Waxhaw, NC 28173
      View Details
    • $495,000
      10.37 Acres

      Cane Creek Waterfront Wilderness Sanctuary

      10.37 acre Waxhaw refuge with 700 feet of creek.
      Huey Rd, Waxhaw, NC 28173
      View Details
    • $900,000
      29.24 Acres

      30 Acres in Waxhaw, NC

      30 acres in Waxhaw with road frontage and endless possibilities.
      6419 Lancaster Hwy, Waxhaw, NC 28173
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development on Providence Road

      Retail spaces for lease in Waxhaw's main retail corridor.
      3205 S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space on 2 Acres

      Single tenant retail space available for rent on 2 acres.
      3012 South Providence St, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space in Waxhaw Center

      Retail and office spaces available in anchored shopping center.
      2508 Cuthbertson Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing
      11,200 SF

      Retail, Office, Medical Space Available

      Retail, office, and medical spaces for lease in Waxhaw.
      S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Land for Lease in Waxhaw

      Land available for lease in a growing South Charlotte community.
      3210 S Providence Rd, Waxhaw, NC 28173
      View Details
    • $3,000 /Mo
      218 SF

      Office Space in Waxhaw

      Multi-use office space near downtown Waxhaw.
      102 Waxhaw Professional Park Dr, Waxhaw, NC 28173
      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.
    Prescott Glen Pkwy
    Waxhaw, NC 28173
    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

    Thank You for Inquiry
    Prescott Glen Pkwy, Waxhaw, NC, 28173
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!