Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    10220 Western Rdg Rd Charlotte, NC 28273-7263
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10220 Western Rdg Rd Charlotte, NC 28273-7263

    View on Map
    • Warehouses
    • 216,840 SF
    • 11.60 lot acres
    Off-Market
    Property ID
    US53-4700876
    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
    $15,785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 10220 Western Rdg Rd

    Year built
    2016
    Lot size
    11.60 lot acres
    Property size
    216,840 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    20325204
    APU
    20325204

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,971,000
      Market price range: $7.20M - $34.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $21,800,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9482
    Latitude
    35.1153
    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
    $109,448
    $2,063,500
    $12,857,900
    $14,921,400
    -
    $2,063,500
    $12,857,900
    $14,921,400

    Comparable in this City

    • Value Estimation by Request
      192 SF

      10280 Nations Frd Rd

      WAREHOUSE, STORAGE • 192 SF
      10280 Nations Frd Rd, Charlotte, NC 28273
      View Details
    • Value Estimation
      $10,730,000
      131,952 SF

      4701 Entrance Dr

      WAREHOUSE, STORAGE • 131,952 SF
      4701 Entrance Dr, Charlotte, NC 28273-4355
      View Details
    • Value Estimation
      $16,540,000
      203,712 SF

      3929 Shutterfly Rd

      WAREHOUSE, STORAGE • 203,712 SF
      3929 Shutterfly Rd, Charlotte, NC 28273-6099
      View Details
    • Value Estimation
      $1,955,000
      21,100 SF

      2425 Westinghouse Blvd

      WAREHOUSE, STORAGE • 21,100 SF
      2425 Westinghouse Blvd, Charlotte, NC 28273-7162
      View Details
    • Value Estimation
      $8,125,000
      115,010 SF

      1407 Westinghouse Blvd

      WAREHOUSE, STORAGE • 115,010 SF
      1407 Westinghouse Blvd, Charlotte, NC 28273-6673
      View Details
    • Value Estimation
      $7,825,000
      109,270 SF

      8924 Pioneer Ave

      WAREHOUSE, STORAGE • 109,270 SF
      8924 Pioneer Ave, Charlotte, NC 28273-6389
      View Details

    Similar Nearby for Sale

    • New
      $579,000
      1,650 SF

      South Charlotte Office/Warehouse Space

      End-unit office/warehouse near HWY-77 & HWY-485 interchange.
      362 Crompton St, Charlotte, NC 28273
      View Details
    • Contact for pricing
      19,875 SF

      Charlotte Industrial Building For Sale

      19,875 SF industrial building in Charlotte's Steele Creek area.
      10725 John Price Rd, Charlotte, NC 28273
      View Details
    • $8,250,000
      73,300 SF

      Charlotte Commercial Property For Sale

      73,300 sqft commercial property available in Charlotte, NC.
      10901 Carpet St, Charlotte, NC 28273
      View Details
    • $8,250,000
      73,300 SF

      Charlotte Warehouse Space Available

      73,000 SF warehouse space with office in Charlotte.
      10901 Carpet St, Charlotte, NC 28273
      View Details
    • Contact for pricing
      36,000 SF

      Class A Flex Building

      Flex/industrial space near Westinghouse Blvd, I-485, and I-77.
      11101 Park Charlotte Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      106,500 SF

      106,500 SF Warehouse on 11.55 Acres

      106,500 SF warehouse with 23' clear height for sale.
      14001 S Lakes Dr, Charlotte, NC 28273
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Arrowridge Blvd Warehouse Space

      43,174 SF warehouse suite available for lease.
      8350 Arrowridge Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      216,900 SF

      Charlotte Warehouse with Rail Access

      221,750 SF warehouse with rail access in Charlotte.
      11701 Goodrich Dr, Charlotte, NC 28273
      View Details
    • Contact for pricing
      28,000 SF

      Warehouse Space Near Airport

      28,000 SF warehouse space near Charlotte Douglas Airport.
      5033 Sirona Dr, Charlotte, NC 28273
      View Details
    • $12 SF/Yr
      1,375 SF

      Warehouse Space with Office

      Industrial space featuring office and warehouse areas with drive-in door.
      4714 Stockholm Ct, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Charlotte Flex Space For Rent

      Flex space available in master-planned business park near highways.
      8041 Arrowridge Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      5,960 SF

      Warehouse Space on Westinghouse Boulevard

      5,960 SF warehouse space available for lease.
      4514 Westinghouse Blvd, Charlotte, NC 28273
      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.
    10220 Western Rdg Rd
    Charlotte, NC 28273-7263
    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.
    Sign Up Successful!
    You now have access to more from Realmo!