Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7520 Independence Blvd Charlotte, NC 28227
    Back to Search
    Property profile & analytics

    7520 Independence Blvd, Charlotte, NC 28227

    View on Map
    • Office Spaces
    • 43,621 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Right at Home / Home Health Care Service / Home Help
    • Felicia Murphy / Real Estate Agency
    • KRS (formerly CMI Solutions, Inc.) / (Bike/Boat/Book/etc) Store / Corporate Office
    • Pearson Professional Center / Professional Services
    • All Graham Insurance Solutions / Insurance Agency

    Property Details for 7520 Independence Blvd

    Year built
    1989
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional four-story office building, totaling 43,621 square feet, offers a blend of traditional and creative office spaces in a highly desirable location. Situated at 7520 E Independence Blvd in Charlotte, NC, within Mecklenburg County, this 1989-built property underwent a complete renovation in 2023. The building boasts a prime location, offering easy access to major highways and public transportation, including proximity to the future Lynx Silver Line. Its strategic placement between Uptown Charlotte and Matthews provides the best of both worlds – convenient access to the city's vibrant core without the urban challenges. Currently, 6,580 square feet of space is available for lease, with suites ranging from 785 to 35,000 square feet. The property features excellent visibility with frontage along Hwy 74 (E Independence Blvd) and is part of the Creekside @ The Greenway office park. This is a unique opportunity to secure modern, renovated office space in a highly sought-after area of Charlotte. The building's single structure provides a cohesive and efficient work environment. Interested parties should inquire for lease rates and further details. Zip code: 28227.

    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
    -80.7372
    Latitude
    35.1596

    Comparable in this City

    • Value Estimation by Request
      17,987 SF

      7510 Independence Blvd

      Office Units
      7510 Independence Blvd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      16,540 SF

      7512 Independence Blvd

      Office Units
      7512 Independence Blvd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      35,511 SF

      7500 Independence Blvd

      Office Units
      7500 Independence Blvd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      22,399 SF

      7508 Independence Blvd

      Office Units
      7508 Independence Blvd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      444 SF

      2101 Sardis Rd N Ste 205b

      CONDOMINIUM OFFICES
      2101 Sardis Rd N Ste 205b, Charlotte, NC 28227-7711
      View Details
    • Value Estimation by Request
      456 SF

      2101 Sardis Rd N Ste 203b

      CONDOMINIUM OFFICES
      2101 Sardis Rd N Ste 203b, Charlotte, NC 28227-7711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Industrial Flex Space in Matthews

      36,479 SF flex space near Highway 74.
      8012 Tower Point Dr, Charlotte, NC 28227
      View Details
    • $689,000
      3,999 SF

      Mint Hill Live-Work Opportunity

      Rare opportunity: residential living with flexible use capability in Mint Hill.
      4514 Wilgrove Mint Hill Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Prime Development Site in Mint Hill

      1.285-acre site ideal for medical, retail, or office development.
      4317 Wilgrove Mint Hill Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      New Office Building on Albemarle

      New office building with road frontage on Albemarle Road.
      10525 Albemarle Rd, Charlotte, NC 28227
      View Details

    Similar Nearby for Lease

    • $2,810 /Mo
      8,712 SF

      Mint Hill Office Space Available

      Office space with reception, offices, conference room, and kitchen.
      4700 Lebanon Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Flex Space Sublease Opportunity

      6,065 SF flex space available for sublease through April 2030.
      2300 Sardis Rd N, Charlotte, NC 28227
      View Details
    • Contact for pricing
      2,424 SF

      Flex Office Condo For Rent

      Flex office condo featuring thoughtful upgrades and professional environment.
      4455 Morris Park Dr, Mint Hill, NC 28227
      View Details
    • Contact for pricing
      18,350 SF

      Office Space at High-Traffic Intersection

      Office space available at a well-traveled intersection in Charlotte.
      2401 Sardis Rd North, Charlotte, NC 28227
      View Details
    • Contact for pricing
      29,807 SF

      Charlotte Office Sublease Opportunity

      1,376 SF Move-In Ready Office Space
      7504 Independence Blvd, Charlotte, NC 28227
      View Details
    • Contact for pricing

      Creative Office Park for Lease

      Re-developed office park centrally located with easy access to highways.
      7508 E Independence Blvd, Charlotte, NC 28227
      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.
    7520 Independence Blvd
    Charlotte, NC 28227
    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
    7520 Independence Blvd, Charlotte, NC, 28227
    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!