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    10210 Prosperity Park Dr, Unit 300 Charlotte, NC 28269-5612
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    Property profile & analytics

    10210 Prosperity Park Dr, Unit 300, Charlotte, NC 28269-5612

    View on Map
    • Office Spaces
    • 2,292 SF
    • 2.05 lot acres
    Off-Market
    Property ID
    US53-2174045
    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.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • F Y Eye Care Associates / Eye Care Center / Contact Lenses Supplier
    • Karen E. Jones, OD / Physician
    • Prosperity Chiropractic / Alternative Medicine Practice
    • Dr Brett Kubricht / Medical Clinic
    • Dr. James Buchanan / Dental Office

    Property Details for 10210 Prosperity Park Dr

    Year built
    2007
    Lot size
    2.05 lot acres
    Property type
    Office Spaces
    APN
    2932149
    APU
    2932149

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2024 $420,000 Amrutlal N Parmar Dental Solutions LLC Warranty Deed —
    Aug 31, 2018 $290,000 Mk Dental Solutions LLC Prosperity Investment I LLC Grant Deed —
    Jun 3, 2014 $189,600 Gbt Real Estate Holdings LLC Prosperity Investment I LLC Warranty Deed $340k · Kubricht Nita M Trust (pt)
    Feb 1, 2013 $460,000 Prosperity Investment I LLC Fifth Third Bk Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $368,000
      Market price range: $171k - $557k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $860,000
      Current use
      MEDICAL BUILDING
      $925,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $740,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7864
    Latitude
    35.3646
    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
    $3,476
    $0.00
    $473,900
    $473,900
    -
    $0.00
    $473,900
    $473,900

    Comparable in this City

    • Value Estimation
      $895,000
      4,548 SF

      3220 Prosperity Church Rd Ste, Unit 103

      CONDOMINIUM OFFICES
      3220 Prosperity Church Rd Ste, Charlotte, NC 28269-8250
      View Details
    • Value Estimation
      $650,000
      2,876 SF

      10616 Metromont Pkwy Ste, Unit 104

      CONDOMINIUM OFFICES
      10616 Metromont Pkwy Ste, Charlotte, NC 28269-7657
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    • Value Estimation by Request
      1,652 SF

      10610 Metromont Pkwy Ste, Unit 208

      CONDOMINIUM OFFICES
      10610 Metromont Pkwy Ste, Charlotte, NC 28269-7687
      View Details
    • Value Estimation
      $510,000
      1,944 SF

      10210 Prosperity Park Dr Ste, Unit 100

      CONDOMINIUM OFFICES
      10210 Prosperity Park Dr Ste, Charlotte, NC 28269-2669
      View Details
    • Value Estimation by Request
      1,726 SF

      4845 Johnston Oehler Rd, Unit H

      CONDOMINIUM OFFICES
      4845 Johnston Oehler Rd, Charlotte, NC 28269-1150
      View Details
    • Value Estimation
      $515,000
      2,844 SF

      4845 Johnston Oehler Rd Ste C

      CONDOMINIUM OFFICES
      4845 Johnston Oehler Rd Ste C, Charlotte, NC 28269-1159
      View Details

    Similar Nearby for Sale

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      5,026 SF

      Charlotte Office Building For Sale

      5,026 SF office building in Charlotte, North Carolina.
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      1.00 Acre

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      Land in Growing Charlotte Suburb

      Land for sale in rapidly developing Mallard Creek area.
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      Land For Sale

      Land available for sale.
      4540 Johnston Oehler Rd, Charlotte, NC 28269
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      36,735 SF

      Retail Building Near North Lake

      36,735 SF retail building with frontage on I-77.
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    Similar Nearby for Lease

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      Office Space Available For Rent

      Office property available for rent in Charlotte, North Carolina.
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      Prime Commercial Land For Lease

      Five outparcels available in a strategically located, high-traffic area.
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      New Construction Flex Space Available

      6,484 SF flex space for lease, convenient location.
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      4,346 SF

      Charlotte Office Space For Rent

      Office space available for rent in Charlotte, North Carolina.
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      4,346 SF

      Charlotte Office Space For Rent

      Office space available for lease in Charlotte, North Carolina.
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    • Contact for pricing
      1,704 SF

      Medical Office Space For Sale

      One-story medical office with abundant parking and signage available.
      3220 Prosperity Church Rd, Charlotte, NC 28269
      View Details
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    Charlotte, NC 28269-5612
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    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
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