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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10035 Park Cedar Dr Ste, Unit 300 Charlotte, NC 28210-8910

    • Office Properties & Spaces
    • 2,078 SF
    • 4.45 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2023
    $600,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    5.6%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US53-0508216
    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 Properties & Spaces

    Property Details for 10035 Park Cedar Dr Ste

    Year built
    1998
    Lot size
    4.45 lot acres
    Property size
    2,078 SF
    Zone code
    OICD
    Property type
    Office Properties & Spaces
    APN
    22119176
    APU
    22119176

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $615,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $570,000
      6.5%
      $525,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $584,000
      Market price range: $479k - $1.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $830,000
      Current use
      MEDICAL BUILDING
      $840,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $675,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8653
    Latitude
    35.0923
    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
    $3,250
    $0.00
    $428,700
    $428,700
    -
    $0.00
    $428,700
    $428,700

    Comparable in this City

    • Value Estimation by Request
      26,351 SF

      7701 Sharon Lakes Rd

      Medical offices • 26,351 SF
      7701 Sharon Lakes Rd, Charlotte, NC 28210
      View Details
    • Value Estimation
      $770,000
      3,461 SF

      6857 Fairview Rd, Unit 400

      CONDOMINIUM OFFICES • 3,461 SF
      6857 Fairview Rd, Charlotte, NC 28210-3871
      View Details
    • Value Estimation
      $585,000
      1,288 SF

      10030 Park Cedar Drd

      CONDOMINIUM OFFICES • 1,288 SF
      10030 Park Cedar Drd, Charlotte, NC 28210-8918
      View Details
    • Value Estimation
      $930,000
      5,561 SF

      10352 Park Rd

      CONDOMINIUM OFFICES • 5,561 SF
      10352 Park Rd, Charlotte, NC 28210-8401
      View Details
    • Value Estimation by Request
      944 SF

      1317 Tyvola Rd, Unit 101

      CONDOMINIUM OFFICES • 944 SF
      1317 Tyvola Rd, Charlotte, NC 28210-3611
      View Details
    • Value Estimation by Request
      1,386 SF

      10310 Feld Farm Ln Ste, Unit 300

      CONDOMINIUM OFFICES • 1,386 SF
      10310 Feld Farm Ln Ste, Charlotte, NC 28210-8524
      View Details

    Similar Nearby for Sale

    • $1,175,000
      3,813 SF

      Charlotte Office Building: $1.175M

      Prime Charlotte location, 3,813 sq ft, vacant.
      1346 Hill Rd, Charlotte, NC 28210
      View Details
    • $755,000
      1,099 SF

      SouthPark Office Condo For Sale

      Office condo in SouthPark, walking distance to Phillips Place & SouthPark Mall.
      6805 Fairview Rd, Charlotte, NC 28210
      View Details
    • $175,000
      695 SF

      South Park Condo Transformation Opportunity

      Condo in prime location, ideal for renovation or investment.
      6148 Heath Ridge Ct, Charlotte, NC 28210
      View Details
    • $789,000
      0.62 Acres

      Prime Homesite Near Southpark

      Infill homesite opportunity near Southpark, Charlotte.
      3011 Parkstone Dr, Charlotte, NC 28210
      View Details
    • $235,000

      South Charlotte Condo with Updates

      Move-in ready condo with updated kitchen and private patio.
      2941 Heathstead Pl, Charlotte, NC 28210
      View Details
    • New
      $1,599,000
      0.20 Acres

      New Townhome Portfolio in Charlotte

      Four new townhomes in South Charlotte near Blue Line.
      8927 Sharonbrook Dr, Charlotte, NC 28210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,200 SF

      Klutts Medical Building: Executive Suites

      Prime South Charlotte Executive Office
      1433 Emerywood Dr, Charlotte, NC 28210
      View Details
    • $52 SF/Yr
      12,611 SF

      Charlotte Executive Office Suites

      Premium Coworking & Office Space in SouthPark
      6201 Fairview Rd, Charlotte, NC 28210
      View Details
    • $22 SF/Yr
      28,284 SF

      Regus SouthPark Office Suites

      Prestigious Charlotte Office Space, Flexible Options
      6000 Fairview Rd, Charlotte, NC 28210
      View Details
    • $22 SF/Yr
      22,000 SF

      Southpark Fairview Office Suites

      Prime Charlotte Office Space: Flexible Options
      5960 Fairview Rd, Charlotte, NC 28210
      View Details
    • $32 SF/Yr
      8,645 SF

      Medical Office Space in Pineville

      Multi-tenant medical office building in the heart of Pineville.
      10520 Park Rd, Charlotte, NC 28210
      View Details
    • $28 SF/Yr
      1,694 SF

      Pineville Office Space For Rent

      Single-story office space in the heart of Pineville.
      10502 Park Rd, Charlotte, NC 28210
      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.
    10035 Park Cedar Dr Ste, Unit 300
    Charlotte, NC 28210-8910
    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.