Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hamlin Park Dr. & Park Rd Charlotte, NC 28210
    Back to Search
    Property profile & analytics

    Hamlin Park Dr. & Park Rd Charlotte, NC 28210

    View on Map
    • Retail properties & Spaces
    • 114,179 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Hamlin Park Dr. & Park Rd

    Property size
    114,179 SF
    Property type
    Retail properties & Spaces

    Description

    Quail Corners, a vibrant neighborhood center in Charlotte, North Carolina, presents a prime retail opportunity. This established center, totaling 114,179 square feet, boasts a desirable location at the intersection of Hamlin Park Drive and Park Road, in the 28210 zip code. Currently, 2,300 square feet of retail space is available, perfect for a variety of businesses seeking high visibility and foot traffic. The center underwent a complete redevelopment in 2012, ensuring modern amenities and a well-maintained property. Quail Corners serves the affluent residents of Quail Hollow and surrounding neighborhoods, providing a strong customer base for potential tenants. Ample parking is available with 472 spaces to accommodate customers and employees. The property is situated in Mecklenburg County and offers excellent access to major roadways, ensuring convenient access for both customers and staff. This is an exceptional chance to establish a business in a thriving, well-established retail center within a prosperous community. The available space provides a blank canvas for a new tenant to create a successful retail presence.

    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
    -80.8572
    Latitude
    35.1167

    Comparable in this City

    • Value Estimation by Request
      4,949 SF

      6700 Fairview Rd

      Restaurants • 4,949 SF
      6700 Fairview Rd, Charlotte, NC 28210
      View Details
    • Value Estimation by Request
      186,085 SF

      Blvd. & Tyvola Rd

      Retail properties & Spaces • 186,085 SF
      0 Blvd. & Tyvola Rd, Charlotte, NC 28210
      View Details
    • Value Estimation by Request
      58,483 SF

      10635 Park Rd

      Restaurants • 58,483 SF
      10635 Park Rd, Charlotte, NC 28210
      View Details
    • Value Estimation by Request
      79,508 SF

      10110 Johnston Rd

      Neighborhood centers • 79,508 SF
      10110 Johnston Rd, Charlotte, NC 28210
      View Details
    • Value Estimation
      $2,030,000
      10,406 SF

      10216 Johnston Rd

      SHOW ROOM, WAREHOUSE • 10,406 SF
      10216 Johnston Rd, Charlotte, NC 28210-8201
      View Details
    • Value Estimation
      $3,100,000
      51,204 SF

      6705 Phillips Pl Ct

      RESTAURANT • 51,204 SF
      6705 Phillips Pl Ct, Charlotte, NC 28210-2719
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,564 SF

      SouthPark Office Condo For Sale

      Office condo in SouthPark, walking distance to Phillips Place & SouthPark Mall.
      6805 Fairview Rd, Charlotte, NC 28210
      View Details
    • $1,599,000
      0.20 Acres

      New Townhome Portfolio in Charlotte

      Four new townhomes in South Charlotte near Blue Line.
      8927 Sharonbrook Dr, Charlotte, NC 28210
      View Details
    • New
      $650,000
      0.46 Acres

      Southpark Duplex Investment Opportunity

      Duplex on 0.46 acres near retail and restaurants.
      4701 Aspen Ct, Charlotte, NC 28210
      View Details
    • New
      $650,000
      0.46 Acres

      Southpark Duplex Investment Opportunity

      Duplex on 0.46 acres near retail and restaurants.
      4701 Aspen Ct, Charlotte, NC 28210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Commercial Building in Charlotte

      Freestanding commercial building undergoing upgrades, ideal for various uses.
      10301 Feld Farm Ln, Charlotte, NC 28210
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in Charlotte, North Carolina.
      8700 Pineville-Matthews Rd, Charlotte, NC 28210
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space Near Medical Campus

      Retail space adjacent to redeveloped project and medical campus.
      10707 Park Rd, Charlotte, NC 28210
      View Details
    • Contact for pricing

      Retail Shop Center in Southpark

      Specialty retail shop center located in the heart of Southpark.
      4717 Sharon Rd, Charlotte, NC 28210
      View Details
    • Contact for pricing

      Medical and Retail Space Available

      Redeveloped medical and retail building near Atrium Health Pineville.
      10635 Park Rd, Charlotte, NC 28210
      View Details
    • Contact for pricing

      Retail Space Near Medical Campus

      Retail space adjacent to redeveloped project and medical campus.
      10703 Park Rd, Charlotte, NC 28210
      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.
    Hamlin Park Dr. & Park Rd
    Charlotte, NC 28210
    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
    Hamlin Park Dr. & Park Rd, Charlotte, NC, 28210
    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!