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    Property profile & analytics

    3012 Providence St Waxhaw, NC 28173

    • Retail properties
    • 1 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3012 Providence St

    Property size
    1 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional single-tenant retail property, located at 3012 South Providence St in Waxhaw, North Carolina, presents a unique investment opportunity. Situated on a one-acre lot in Union County, this property offers unparalleled visibility and accessibility for businesses seeking a prominent location. The building's total square footage is 1 square foot, indicating a potential for ground-up construction or redevelopment tailored to a specific tenant's needs. The property's "Retail Pad, Commercial" subtype suggests flexibility in potential uses, making it suitable for a variety of retail businesses. The address, 3012 South Providence St, places it within a thriving community in Waxhaw, NC, zip code 28173. Given its location and size, this property is ideal for entrepreneurs and established businesses alike seeking a high-impact presence in a rapidly growing area. The single-tenancy aspect provides a streamlined management structure, while the ample lot size allows for significant expansion or customization. This property is currently available for lease and presents a rare chance to secure a prime retail location in a desirable market. Interested parties are encouraged to inquire for further details and leasing information. The property's latitude and longitude coordinates are 34.9274555 and -80.7436141 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.7436
    Latitude
    34.9275

    Comparable in this City

    • 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
      82,914 SF

      Prescott Glen Pkwy

      Retail properties • 82,914 SF
      0 Prescott Glen Pkwy, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      161.60 Acres

      3018 Waxhaw Indian Trl S Rd

      RETAIL STORES (PERSONAL SERVICES) • 161.60 Acres
      3018 Waxhaw Indian Trl S Rd, Waxhaw, NC 28173-9737
      View Details
    • Value Estimation by Request
      1,134 SF

      2902 Providence S Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,134 SF
      2902 Providence S Rd, Waxhaw, NC 28173-8327
      View Details
    • Value Estimation
      $2,415,000
      2,288 SF

      Blythe Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,288 SF
      Blythe Ml Rd, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      0.23 Acres

      Eubanks Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.23 Acres
      Eubanks Rd, Waxhaw, NC 28173
      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
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    • $594,000
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      Waxhaw Commercial Land Opportunity

      Two-acre development site, prime location.
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      Waxhaw Land with Development Potential

      22-acre Waxhaw property with building potential and wildlife habitat.
      00 Stonehenge Ct, Waxhaw, NC 28173
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    • $1,200,000
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      10 Acres in Waxhaw, NC

      10 acres of land ready for a private residence.
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    • $495,000
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      Cane Creek Waterfront Wilderness Sanctuary

      10.37 acre Waxhaw refuge with 700 feet of creek.
      10 11, Waxhaw, NC 28173
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    • New
      $299,000
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      Waxhaw Land Ideal for Farming

      Large tract of land perfect for horse or hobby farms.
      1017 S Oakshire Ln, Waxhaw, NC 28173
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    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
      1 SF

      Waxhaw Retail Pad - For Lease

      Prime 1-acre retail space in Waxhaw, NC.
      3012 Providence St, 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
      251,046 SF

      Waxhaw Medical Office Opportunity

      Prime Medical Office Space Available in Waxhaw, NC
      2508 Cuthbertson Rd, Waxhaw, NC 28173
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    • Contact for pricing
      82,914 SF

      Prescot Village Retail Space in Waxhaw, NC

      Class A Retail Space, Flexible Sizes Available
      0 Prescott Glen Pkwy, Waxhaw, NC 28173
      View Details
    • New
      $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
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    3012 Providence St
    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.

    More about this property
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