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    Providence St Waxhaw, NC 28173
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    Providence St, Waxhaw, NC 28173

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    • Retail properties & Spaces
    • 1.00 lot acres
    For Sale
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    Waxhaw Retail Outparcels: Prime Location For Sale
    Contact for pricing

    Waxhaw Retail Outparcels: Prime Location

    Restaurant & Medical Office Sites Available

    0 Providence St, Waxhaw, NC 28173
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Providence St

    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Exceptional retail outparcels available for sale or ground lease in Waxhaw, North Carolina. These properties, ranging from one to 1.1 acres, are situated along Providence Road South, in a rapidly expanding area of South Charlotte. The location offers excellent visibility and accessibility, benefiting from shared access to the signalized intersection of Kensington Drive and Providence Road South. This prime location is adjacent to the established Cureton Town Center, a thriving retail center anchored by a Harris Teeter grocery store, ensuring high traffic and a strong customer base. The available land is ideal for a variety of uses, including restaurants, medical offices, banks, and fast-food establishments. The property's strategic placement within a flourishing community presents a unique opportunity for businesses seeking high-impact visibility and convenient access for their customers. The size of the parcels allows for flexibility in development plans, catering to various business needs and scales. This is an exceptional opportunity to establish a presence in a vibrant and growing market. The combination of high visibility, convenient access, and proximity to a successful retail center makes this an attractive investment for both sale and ground lease options. Interested parties are encouraged to inquire for further details and to explore the potential of this exceptional location.

    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
    -80.7421
    Latitude
    34.9228

    Comparable in this City

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      2,400 SF

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    • Value Estimation
      $3,090,000
      27,290 SF

      3620 Providence S Rd

      MEDICAL BUILDING • 27,290 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Waxhaw Retail Outparcels: Prime Location

      Restaurant & Medical Office Sites Available
      0 Providence St, Waxhaw, NC 28173
      View Details
    • $6,627,000
      41,356 SF

      Waxhaw Retail Ground Lease Opportunity

      Retail property in Waxhaw, NC with corporate ground lease.
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      Commercially Zoned Land in Waxhaw

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      3-Acre Wooded Lot in Waxhaw

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      Waxhaw Land: Estate Home Location

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    Similar Nearby for Lease

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      11,200 SF

      Retail, Office, Medical Space Available

      Retail, office, and medical spaces for lease in Waxhaw.
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      Retail Space in Waxhaw Center

      Retail and office spaces available in anchored shopping center.
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      12,000 SF

      Medical Surgery Center For Lease

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    • $3,000 /Mo
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      Office Space in Waxhaw

      Multi-use office space near downtown Waxhaw.
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    • $2,500 /Mo
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      Charming Commercial Space in Waxhaw

      Flexible commercial space in Waxhaw with neighborhood center zoning.
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    • $900 /Mo
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      Waxhaw Parkway Office Space Available

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      View Details
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    Waxhaw, NC 28173
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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.

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