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

    10221 University City Blvd Charlotte, NC 28213-3627

    • Strip malls
    • 70,552 SF
    • 14.17 lot acres
    OFF-MARKET
    Value Estimations
    $10,050,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0468982
    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

    • SosiLegX / Restaurant
    • Cafe 49 Ice Cream and Halal Pizzeria / Restaurant
    • Wrapway / Restaurant
    • CAFE 49 ICE CREAM SHOP / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 10221 University City Blvd

    Year built
    1996
    Lot size
    14.17 lot acres
    Property size
    70,552 SF
    Zone code
    CC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    5101129
    APU
    5101129

    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
    -80.7142
    Latitude
    35.3122
    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
    $66,278
    $7,848,500
    $1,187,400
    $9,035,900
    -
    $7,848,500
    $1,187,400
    $9,035,900

    Comparable in this City

    • Value Estimation
      $1,300,000
      7,848 SF

      5655 Tryon St

      SHOPPING CENTER, STRIP CENTER • 7,848 SF
      5655 Tryon St, Charlotte, NC 28213-6831
      View Details
    • Value Estimation
      $1,375,000
      7,000 SF

      6932 Tryon St

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      6932 Tryon St, Charlotte, NC 28213-5513
      View Details
    • Value Estimation
      $6,455,000
      37,300 SF

      1001 Ew T Harris Blvd

      SHOPPING CENTER, STRIP CENTER • 37,300 SF
      1001 Ew T Harris Blvd, Charlotte, NC 28213-4104
      View Details
    • Value Estimation
      $6,180,000
      38,347 SF

      2925 Ew T Harris Blvd

      SHOPPING CENTER, STRIP CENTER • 38,347 SF
      2925 Ew T Harris Blvd, Charlotte, NC 28213-5188
      View Details
    • Value Estimation
      $2,020,000
      11,266 SF

      228 Eastway Dr

      SHOPPING CENTER, STRIP CENTER • 11,266 SF
      228 Eastway Dr, Charlotte, NC 28213-7123
      View Details
    • Value Estimation
      $5,265,000
      7,969 SF

      8420 University City Blvd

      SHOPPING CENTER, STRIP CENTER • 7,969 SF
      8420 University City Blvd, Charlotte, NC 28213-3561
      View Details

    Similar Nearby for Sale

    • $2,300,000
      5,337 SF

      High-Volume Car Wash and Lube

      Car wash and lube shop in a densely populated area.
      7723 University City Blvd, Charlotte, NC 28213
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    • $1,850,000
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      Charlotte Retail Outparcel - $1.85M

      Prime location, vacant, 3,410 SF
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    • $2,250,000

      Retail Property on Sugar Creek

      Retail property for sale on West Sugar Creek Road.
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      Retail, Restaurant, Entertainment Concept Space

      Adaptively reused space for retail, restaurant, and entertainment concepts.
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      3,410 SF

      Freestanding Retail Outparcel with Drive-Thru

      3,410 SF former bank branch with 3-lane drive-thru.
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      5,074 SF

      Retail Property For Sale

      Retail property available for purchase in Charlotte, North Carolina.
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    Similar Nearby for Lease

    • $26 SF/Yr
      1,325 SF

      Retail Space Near UNC Charlotte

      Retail suites available near UNC Charlotte with ample parking.
      10039 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing

      Retail Space and Pad Site

      Retail space and pad site available for lease.
      10905 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      118,056 SF

      Charlotte Retail Center - University Area

      Prime retail space, 44,941 sq ft available.
      8711 University Dr, Charlotte, NC 28213
      View Details
    • Contact for pricing
      4,110 SF

      Retail Space in Harris Teeter Anchored Center

      4,110 SF retail space available July 1, 2025.
      8509-8640 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      23,500 SF

      Retail Space on University City

      Retail property for rent with strong traffic and highway signage.
      8110-8116 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing

      Redeveloped Outparcel Near University

      High-profile retail space near university and shopping center.
      8420 University City Blvd, Charlotte, NC 28213
      View Details

    Property Visit Statistics

    • Visits by month
      10.9k
    • Visitors by month
      8.9k
    • Avg Time on site
      17 min
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    10221 University City Blvd
    Charlotte, NC 28213-3627
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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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