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    1159 Commercial Ave Charlotte, NC 28205

    • Office buildings
    • 11,134 SF
    • 0.75 lot acres
    For Lease
    View listing
    Value Estimation
    $510,000
    Last Sale
    Dec 02, 2020
    Location Intelligence
    Property ID
    US53-2068339
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1159 Commercial Ave

    Year built
    1962
    Lot size
    0.75 lot acres
    Property size
    11,134 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    9301306
    APU
    9301306

    Description

    This 13,829 square foot Class B commercial building, located at 1159 Commercial Ave, Charlotte, NC 28205, offers flexible office and retail space in the desirable Plaza submarket of Mecklenburg County. The property features a multi-tenant configuration with a minimum divisible space of 759 square feet and a maximum contiguous space of 1,180 square feet. Currently, 2,939 square feet of space is vacant and available for immediate occupancy. Select units have undergone recent renovations, presenting a move-in ready opportunity for businesses seeking a prime location. The building's address is conveniently situated near The Plaza cross street, providing excellent visibility and accessibility. This versatile space is ideal for traditional office users, creative office tenants, or retail businesses seeking a vibrant and well-connected location in Charlotte. The property's location within the Plaza submarket offers a strategic advantage for businesses seeking a thriving commercial environment. Inquire today to learn more about leasing options and to schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7841
    Latitude
    35.2469
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,034
    $527,500
    $431,400
    $958,900
    -
    $527,500
    $431,400
    $958,900

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    1159 Commercial Ave
    Charlotte, NC 28205
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    Realmo Value Estimation

    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.

    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.

    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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