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

    3440 Toringdon Way Charlotte, NC 28277

    • Parking lots & garages
    • 117,865 SF
    • 2.43 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    $865,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1593867
    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

    • Ballantyne Irrigation Repair / Lawn Sprinkler System Contractor
    • Jennifer Taylor Woods Brokered by EXP Realty / Real Estate Agent
    • Law.4Veterans.com. Joseph M. Bochicchio, PLLC / Veterans Organization / Attorney
    • Ashton Integrative Health, PLLC / Psychologist
    • Sparkhead Studios / Website Designer / Graphic Designer

    Property Details for 3440 Toringdon Way

    Year built
    2003
    Lot size
    2.43 lot acres
    Property size
    117,865 SF
    Zone code
    CC
    Property type
    Parking lots & garages
    APN
    22323137
    APU
    22323137

    Description

    This Class A, 11,933 square foot office building, renovated in 2019, offers a diverse range of executive office, coworking, and creative office spaces in the desirable Toringdon Way location. Situated within a 160-acre office park, this Mecklenburg County property boasts stunning interiors featuring limestone and granite floors, coffered ceilings, and abundant natural light. The building includes 350 suites, with 5,970 square feet currently vacant, offering flexible options from 10 square feet minimum to a maximum contiguous space of 1,300 square feet. Amenities include elevators and convenient access, located just 30 minutes from Charlotte International Airport. The available spaces cater to various needs, ranging from fully furnished private offices for individuals or large companies to customized solutions, disaster recovery spaces, and day offices. A comprehensive benefits program, including exclusive discounts and procurement support, is also available to tenants. This exceptional property provides an ideal setting for businesses seeking a prestigious and functional workspace in a prime Charlotte location. The building's modern design and convenient location make it an attractive option for companies of all sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8408
    Latitude
    35.0673
    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
    $58,998
    $2,710,600
    $5,332,700
    $8,043,300
    -
    $2,710,600
    $5,332,700
    $8,043,300

    Comparable in this City

    • Value Estimation
      $800,000
      280,419 SF

      11619 Community House Rd

      PARKING GARAGE, PARKING STRUCTURE • 280,419 SF
      11619 Community House Rd, Charlotte, NC 28277-1581
      View Details
    • Value Estimation
      $875,000
      294,068 SF

      11219 Community House Rd

      PARKING GARAGE, PARKING STRUCTURE • 294,068 SF
      11219 Community House Rd, Charlotte, NC 28277-4435
      View Details
    • Value Estimation
      $610,000
      251,210 SF

      13034 Ballantyne Corporate Pl

      PARKING GARAGE, PARKING STRUCTURE • 251,210 SF
      13034 Ballantyne Corporate Pl, Charlotte, NC 28277-1498
      View Details
    • Value Estimation
      $635,000
      153,948 SF

      11315 Community House Rd

      PARKING GARAGE, PARKING STRUCTURE • 153,948 SF
      11315 Community House Rd, Charlotte, NC 28277-1978
      View Details
    • Value Estimation
      $490,000
      308,165 SF

      14735 Ballantyne Vlg Way

      PARKING GARAGE, PARKING STRUCTURE • 308,165 SF
      14735 Ballantyne Vlg Way, Charlotte, NC 28277
      View Details
    • Value Estimation
      $1,275,000
      294,068 SF

      11231 Community House Rd

      PARKING GARAGE, PARKING STRUCTURE • 294,068 SF
      11231 Community House Rd, Charlotte, NC 28277-4435
      View Details

    Similar Nearby for Sale

    • $315,000

      Luxury Condo in Ballantyne Community

      Upgraded 2-bedroom condo with modern amenities in prime location.
      12355 Copper Mountain Blvd, Charlotte, NC 28277
      View Details
    • $7,856,000

      Lancaster Hwy Land For Sale

      9.82 acres on Lancaster Hwy near Ardrey Kell Rd.
      17025 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $1,250,000
      3,750 SF

      Commercial Condo in Fox Run

      Office condo for sale in growing Charlotte business park.
      17228 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $675,000
      2,849 SF

      Spacious Townhouse with Modern Amenities

      Two-story end-unit townhouse near shops and restaurants with community pool.
      10310 Blairbeth St, Charlotte, NC 28277
      View Details
    • $400,975
      1,250 SF

      Office Space Available For Sale

      Office property with 1250 square feet of space.
      17232 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $319,000
      1,257 SF

      Bright Ballantyne End Unit

      3 bed, 2 bath condo near Ballantyne Village.
      11544 Costigan Ln, Charlotte, NC 28277
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,880 SF

      Retail Space in Ballantyne Center

      Retail space available within a popular mixed-use development.
      12210 Copper Way, Charlotte, NC 28277
      View Details
    • Contact for pricing

      Ballantyne Community Center Retail Space

      Retail space in a community center anchored by Harris Teeter.
      15235 John J Delaney Dr, Charlotte, NC 28277
      View Details
    • Contact for pricing
      9,997 SF

      Office and Retail Space Available

      Office and retail spaces for lease in Charlotte, North Carolina.
      11318 N Community House Rd, Charlotte, NC 28277
      View Details
    • Contact for pricing
      23,218 SF

      Charlotte Retail Space For Lease

      Prime retail space, multiple units available.
      10020 Monroe Rd, Charlotte, NC 28277
      View Details
    • Contact for pricing
      2,270 SF

      Ballantyne Village Retail Opportunity

      Retail spaces available in thriving Ballantyne Village shopping center.
      14825 Ballantyne Village Way, Charlotte, NC 28277
      View Details
    • Contact for pricing
      38,071 SF

      Ballantyne Corners Office Space

      Charlotte Medical & Office Suites Available
      11324 Community House Rd, Charlotte, NC 28277
      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.
    3440 Toringdon Way
    Charlotte, NC 28277
    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.