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    Property profile & analytics

    10110 Johnston Rd Charlotte, NC 28210

    • Neighborhood centers
    • 79,508 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Musashi Japanese Restaurant / Sushi Restaurant / Japanese Restaurant
    • Johnston Road Plaza / Shopping Mall
    • Cam's Alterations / Clothing Alteration Service
    • TradesMax Staffing / Temp Agency / Employment Agency
    • The Book Rack / Used Book Store / Book Store

    Property Details for 10110 Johnston Rd

    Property size
    79,508 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Johnston Road Plaza, located at 10110 Johnston Rd in Charlotte, NC 28210, offers a prime retail opportunity within a thriving strip center. This established property boasts a total of 79,508 square feet, currently featuring 3,000 individual suites. A significant 5,335 square feet of vacant space is immediately available for lease, providing flexibility for various retail concepts. The minimum leasable space is 900 square feet, ideal for smaller businesses, while a maximum of 3,000 contiguous square feet allows for larger tenants to establish a substantial presence. The property's strategic location in Charlotte, North Carolina, ensures high visibility and accessibility for customers. This is an excellent chance to secure retail space in a well-established center with ample parking and a strong existing tenant base. The property is classified as a retail strip center, offering a vibrant and convenient shopping environment. The available space presents a unique opportunity for businesses seeking a prominent location in a bustling Charlotte neighborhood. Interested parties are encouraged to inquire about lease terms and availability. The property's coordinates are 35.0916791 latitude and -80.8583458 longitude.

    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
    -80.8583
    Latitude
    35.0917

    Comparable in this City

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      4732 Sharon Rd

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      4732 Sharon Rd, Charlotte, NC 28210-3395
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      $935,000
      26,417 SF

      6902 Phillips Pl Cta-g

      SHOPPING CENTER, STRIP CENTER • 26,417 SF
      6902 Phillips Pl Cta-g, Charlotte, NC 28210-2712
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    • Value Estimation
      $780,000
      27,836 SF

      7631 Sharon Lks Rd

      SHOPPING CENTER, STRIP CENTER • 27,836 SF
      7631 Sharon Lks Rd, Charlotte, NC 28210-7428
      View Details
    • Value Estimation
      $1,040,000
      119,749 SF

      8514 Park Rd

      SHOPPING CENTER, STRIP CENTER • 119,749 SF
      8514 Park Rd, Charlotte, NC 28210-5803
      View Details
    • Value Estimation
      $605,000
      6,206 SF

      6903 Phillips Pl Ct

      SHOPPING CENTER, STRIP CENTER • 6,206 SF
      6903 Phillips Pl Ct, Charlotte, NC 28210-2712
      View Details
    • Value Estimation by Request
      4,949 SF

      6700 Fairview Rd

      Restaurants • 4,949 SF
      6700 Fairview Rd, Charlotte, NC 28210
      View Details

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      79,508 SF

      Johnston Road Plaza Retail Space

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    10110 Johnston Rd
    Charlotte, NC 28210
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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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