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

    1017 Beatties Frd Rd Charlotte, NC 28216-5033

    • Office buildings
    • 1,344 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2020
    $430,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5754982
    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

    • Thrive Hub / Restaurant / Cafe & Coffee Shop

    Property Details for 1017 Beatties Frd Rd

    Year built
    1928
    Lot size
    0.17 lot acres
    Property size
    1,344 SF
    Zone code
    B1
    Property type
    Office buildings
    APN
    6906518
    APU
    6906518

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8565
    Latitude
    35.2527
    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
    $1,540
    $145,000
    $64,900
    $209,900
    -
    $145,000
    $64,900
    $209,900

    Comparable in this City

    • Value Estimation
      $5,535,000
      15,869 SF

      4551 Beatties Frd Rd

      OFFICE BUILDING • 15,869 SF
      4551 Beatties Frd Rd, Charlotte, NC 28216
      View Details
    • Value Estimation by Request
      252 SF

      3213 Bellaire Dr

      OFFICE BUILDING • 252 SF
      3213 Bellaire Dr, Charlotte, NC 28216
      View Details
    • Value Estimation by Request
      396 SF

      Charlotte, NC 28216

      OFFICE BUILDING • 396 SF
      Charlotte, NC 28216
      View Details
    • Value Estimation by Request
      1,500 SF

      1223 Beatties Frd Rd

      OFFICE BUILDING • 1,500 SF
      1223 Beatties Frd Rd, Charlotte, NC 28216-5040
      View Details
    • Value Estimation
      $1,540,000
      8,100 SF

      3607 Beatties Frd Rd

      OFFICE BUILDING • 8,100 SF
      3607 Beatties Frd Rd, Charlotte, NC 28216-3249
      View Details
    • Value Estimation by Request
      0.15 Acres

      1316 Beatties Frd Rd

      OFFICE BUILDING • 0.15 Acres
      1316 Beatties Frd Rd, Charlotte, NC 28216-5071
      View Details

    Similar Nearby for Sale

    • $4,750,000
      9,977 SF

      Dunns Commons: Charlotte Office Complex

      Multi-tenant office/retail, 9,977 SF, 6% cap rate.
      10210 Couloak Dr, Charlotte, NC 28216
      View Details
    • $425,000

      Commercial Space on Beatties Ford

      Commercial building suitable for office, retail, or mixed-use purposes.
      1914 Beatties Ford Rd, Charlotte, NC 28216
      View Details
    • Contact for pricing

      Charlotte Retail/Medical Site For Sale

      Corner parcel ideal for QSR, retail, or medical users.
      Charlotte, NC 28216
      View Details
    • $220,000
      0.15 Acres

      Land in Prime Growth Corridor

      Land near Uptown Charlotte with potential for single or multi-family.
      1717 Beatties Ford Rd, Charlotte, NC 28216
      View Details
    • $7,500,000
      2.28 Acres

      Development Land with Uptown Views

      2.28 acre development opportunity in Charlotte's Historic West End.
      1326 W 6Th St, Charlotte, NC 28216
      View Details
    • $366,000
      2.15 Acres

      Land Near Charlotte Airport

      2.145 acre commercial land near Charlotte Douglas Airport.
      1800 Plumcrest Dr, Charlotte, NC 28216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,230 SF

      Medical Office Space Available Now

      Medical office space available for lease in northwest Charlotte.
      6023 Beatties Ford Rd, Charlotte, NC 28216
      View Details
    • $32 SF/Yr
      8,646 SF

      Office Space Available October 2025

      Office space available for rent in October 2025.
      10130 Perimeter Pkwy, Charlotte, NC 28216
      View Details
    • $11 SF/Yr
      226,360 SF

      NorthPark XV Executive Offices

      Charlotte Office Space: 63,840 SF Available
      6965 Northpark Blvd, Charlotte, NC 28216
      View Details
    • $13 SF/Yr
      8,300 SF

      Industrial Building on Brookshire Blvd

      Industrial building for lease with office space and gated entry.
      4425-4431 Brookshire Blvd, Charlotte, NC 28216
      View Details
    • Contact for pricing
      70,778 SF

      Office Space with Substantial Glass

      Office space available in North Submarket with substantial glass.
      9009 Perimeter Woods Dr, Charlotte, NC 28216
      View Details
    • Contact for pricing
      87,442 SF

      Office Space in North Submarket

      44,687 SF office suite available 8/1/25 in Charlotte.
      9013 Perimeter Woods Dr, Charlotte, NC 28216
      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.
    1017 Beatties Frd Rd
    Charlotte, NC 28216-5033
    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.