3990 Sam Wilson Rd Charlotte, NC 28214
- Warehouses
- 23,000 SF
- 7.93 lot acres
Current Use by Public Records
- Progressive Service Company / Air Conditioning Contractor / Air Conditioning Repair Service
Property Details for 3990 Sam Wilson Rd
- Year built
- 1989
- Lot size
- 7.93 lot acres
- Property size
- 23,000 SF
- Zone code
- I-1(CD)
- Property type
- Warehouses
- APN
- 11304608
- APU
- 11304608
Description
This exceptional 23,153-square-foot industrial warehouse presents a compelling investment opportunity in Charlotte, North Carolina. Situated on approximately 7.924 acres of land, this single-tenant building boasts a desirable location, offering unparalleled accessibility. Built in 1989, the one-story structure features two dock-high doors and two drive-in doors, facilitating efficient loading and unloading. The property includes ample parking with 10 spaces. Inside, the warehouse space is complemented by four private offices, a breakroom, a conference room, and an open bullpen area, providing versatile workspace options. The property is zoned I-1 (CD) and its Mecklenburg County APN is 11304608. Its strategic location along the proposed LYNX Silver Line, near the future Sam Wilson station, enhances its appeal. Furthermore, its proximity to major transportation arteries—1.3 miles from I-485, 2.3 miles from I-85, and 3 miles from Charlotte Douglas International Airport—provides exceptional connectivity. The sale price is $6,500,000, and the lease rate is $20 per square foot, with NNN fees of $1.17 per square foot. This property offers a rare combination of size, location, and amenities, making it an ideal acquisition for discerning investors or businesses seeking a strategic foothold in Charlotte's thriving industrial market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,890,000
- 6.5%
- $2,515,000
- 7%
- $2,995,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,825,000
- Geo Method
- $2,595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,550,000
- Retail
- $2,460,000
- Mixed-Use
- $2,440,000
- Hospitality
- $2,485,000
- Educational
- $3,255,000
- Residential Income
- $3,285,000
- Energy
- $2,780,000
- Income-Based Land
- $2,905,000
- Food Service
- $2,405,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.9861
- Latitude
- 35.2407
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
