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    751 Nc Hwy Denver, NC 28037

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    751 Nc Hwy Denver, NC 28037

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    • Lifestyle centers
    • 21,142 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 751 Nc Hwy

    Year built
    2003
    Property size
    21,142 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    West Pointe Shoppes, a Class B retail center in Denver, NC, offers 21,142 square feet of commercial space. This single-story building, constructed in 2003, sits on a 2.231-acre lot and features a mix of restaurant and retail tenants. Currently, there is 1,750 square feet of vacant space available, ideal for a variety of businesses. The property boasts 108 parking spaces, providing ample parking for customers and employees (5.10 spaces per 1,000 square feet). Located at 751 NC Hwy Bus 16, Denver, NC 28037, this property benefits from its location on the west side of Lake Norman, a popular destination. The zoning is ELDD B-N. The property's convenient location offers easy access to the vibrant town of Denver and is within proximity to Charlotte, NC, the Great Smoky Mountains, and the Carolina beaches. This presents a unique opportunity for businesses seeking a well-established location in a growing community. The property is situated in Lincoln County and offers a strong foundation for future growth and success. This is a single-building property with multiple tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Lincoln
    State
    North Carolina
    Longitude
    -80.9935
    Latitude
    35.4785

    Comparable in this City

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      8,722 SF

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    • Value Estimation by Request
      10,069 SF

      175 Cross Ctr Rd

      MINI-MALL • 10,069 SF
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    • Value Estimation
      $655,000
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      117 Pilot Knob Rd

      MINI-MALL • 20,540 SF
      117 Pilot Knob Rd, Denver, NC 28037-8592
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    • Value Estimation
      $545,000
      24,548 SF

      4679 Nc 16th Business Hwy

      MINI-MALL • 24,548 SF
      4679 Nc 16th Business Hwy, Denver, NC 28037-7914
      View Details
    • Value Estimation
      $565,000
      20,252 SF

      7558 Nc 73rd Hwy

      MINI-MALL • 20,252 SF
      7558 Nc 73rd Hwy, Denver, NC 28037-9134
      View Details

    Similar Nearby for Sale

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      Denver Commercial Land Investment Opportunity

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      Lake Norman Creek Front Lot

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    Similar Nearby for Lease

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      Retail Space in Denver, NC

      Retail space available near major retailers in Denver, North Carolina.
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      Retail Space in Denver, NC

      Retail space available in West Pointe Shoppes, Denver, North Carolina.
      751 Nc Hwy, Denver, NC 28037
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      Highway 73 Land for Lease

      5.95 acres available on Highway 73 in Denver, NC.
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      226,800 SF

      Industrial Warehouse Space Available

      Large industrial warehouse space for rent in Denver, NC.
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    • $8,000 /Mo
      43,996 SF

      Flexible Industrial Space Near Lake Norman

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      4,400 SF Industrial Unit

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    Denver, NC 28037
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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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    751 Nc Hwy, Denver, NC, 28037

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