Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1815 Galleria Clb Ln Charlotte, NC 28270-2555

    • Garden apartment buildings
    • 40,462 SF
    • 1.96 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2021
    $9,000,000
    Value Estimations
    $11,050,000
    Show details
    Cap Rate Potential
    4.6%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US53-2874444
    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

    • The Crest at Galleria Apartments / Apartment Building

    Property Details for 1815 Galleria Clb Ln

    Year built
    2010
    Lot size
    1.96 lot acres
    Property size
    40,462 SF
    Zone code
    UR-2(CD)
    Property type
    Garden apartment buildings
    APN
    19310314
    APU
    19310314

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,570,000
      ML approach
      $10,690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,160,000
      6.5%
      $7,530,000
      7%
      $6,995,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,469,000
      Market price range: $9.27M - $106M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7359
    Latitude
    35.1378
    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
    $61,936
    $1,226,900
    $7,217,000
    $8,443,900
    -
    $1,226,900
    $7,217,000
    $8,443,900

    Comparable in this City

    • Value Estimation
      $645,000
      10,280 SF

      5644 Via Romano Dr

      GARDEN APT, COURT APT (5+ UNITS) • 10,280 SF
      5644 Via Romano Dr, Charlotte, NC 28270-6816
      View Details
    • Value Estimation
      $360,000
      6,600 SF

      5460 Sardis Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,600 SF
      5460 Sardis Rd, Charlotte, NC 28270
      View Details
    • Value Estimation
      $420,000
      12,552 SF

      811 International Dr

      GARDEN APT, COURT APT (5+ UNITS) • 12,552 SF
      811 International Dr, Charlotte, NC 28270-6920
      View Details
    • Value Estimation by Request
      10,496 SF

      1707 Nantuckett Ln

      GARDEN APT, COURT APT (5+ UNITS) • 10,496 SF
      1707 Nantuckett Ln, Charlotte, NC 28270-2306
      View Details
    • Value Estimation
      $1,070,000
      5,968 SF

      10811 Eddings Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,968 SF
      10811 Eddings Dr, Charlotte, NC 28270-1278
      View Details
    • Value Estimation
      $1,095,000
      7,248 SF

      7419 Beacon Hl Ln, Unit 7

      GARDEN APT, COURT APT (5+ UNITS) • 7,248 SF
      7419 Beacon Hl Ln, Charlotte, NC 28270-5982
      View Details

    Similar Nearby for Sale

    • $212,000
      1,017 SF

      Charming Home with Cozy Fireplace

      Charming home featuring a fireplace, stylish backsplash, and fresh paint.
      4936 Sardis Rd, Charlotte, NC 28270
      View Details
    • $650,000
      0.45 Acres

      Residential Land in Providence Plantation

      0.45 acre lot for luxury home in Charlotte, NC
      3113 Plantation Rd, Charlotte, NC 28270
      View Details
    • $1,350,000

      Prime South Charlotte Development Opportunity

      1.9-acre parcel in desirable location with subdivision potential.
      8624 Sardis Rd, Charlotte, NC 28270
      View Details
    • $650,000
      Pending

      Wooded Lot in South Charlotte

      One-acre wooded lot for dream home construction in South Charlotte.
      3415 Lakeside Dr, Charlotte, NC 28270
      View Details
    • $962,500

      Monroe Road Outparcel For Sale

      Approximately 1.75-acre outparcel for sale on Monroe Rd.
      9601 Monroe Rd, Charlotte, NC 28270
      View Details
    • $380,000
      0.84 Acres

      Residential Land in Charlotte, NC

      Land available for building a dream home in Charlotte.
      521 Wilby Dr, Charlotte, NC 28270
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,310 SF

      Office Space Near Charlotte Airport

      Office space with excellent access to Charlotte and surrounding areas.
      9305 Monroe Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing
      1,250 SF

      Prime Location Near I-485 Loop

      Specialty property for rent with excellent access and retail proximity.
      9303 Monroe Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing
      4,800 SF

      Flexible Space on Monroe Road

      Office, retail, and warehouse space with excellent road frontage.
      9313 Monroe Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Space Near I-485

      Industrial property with excellent access to Charlotte and surrounding areas.
      9317 Monroe Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing
      6,600 SF

      Providence Road Medical Office Space

      Medical office suites available in South Charlotte.
      7509 Providence Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing

      Retail Space in Charlotte, NC

      Retail space available for lease in Charlotte, North Carolina.
      Charlotte, NC 28270
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      764
    • Avg Time on site
      70 min
    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.
    1815 Galleria Clb Ln
    Charlotte, NC 28270-2555
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.