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    Property profile & analytics

    11235 Sam Furr Rd Huntersville, NC 28078-8213

    • Manufacturing properties
    • 27,498 SF
    • 9.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5803903
    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

    • CrossFit 926 / Gym & Fitness Center
    • ULTIMATE ATHLETE - 73 / Gym & Fitness Center
    • ACTION SELF STORAGE RV BOAT STORAGE of Lake Norman / Storage Facility
    • Paint LKN / Painting
    • ACTION CLEANUP AND RESTORATION / Hardware & Home Improvement / Construction Company

    Property Details for 11235 Sam Furr Rd

    Year built
    1988
    Lot size
    9.44 lot acres
    Property size
    27,498 SF
    Zone code
    SPCD
    Property type
    Manufacturing properties
    APN
    1121107
    APU
    1121107

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,570,000
      6.5%
      $2,370,000
      7%
      $2,205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,325,000
      Market price range: $494k - $2.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8387
    Latitude
    35.4415
    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
    $16,834
    $1,124,500
    $1,468,900
    $2,593,400
    -
    $1,124,500
    $1,468,900
    $2,593,400

    Comparable in this City

    • Value Estimation
      $12,115,000
      141,531 SF

      13265 Reese E Blvd

      MANUFACTURING (LIGHT) • 141,531 SF
      13265 Reese E Blvd, Huntersville, NC 28078-6407
      View Details
    • Value Estimation
      $14,240,000
      169,239 SF

      11425 Mt Holly Hntrsvlle Rd

      MANUFACTURING (LIGHT) • 169,239 SF
      11425 Mt Holly Hntrsvlle Rd, Huntersville, NC 28078-7763
      View Details
    • Value Estimation
      $2,825,000
      45,714 SF

      11601 Hambright Rd

      MANUFACTURING (LIGHT) • 45,714 SF
      11601 Hambright Rd, Huntersville, NC 28078-7666
      View Details
    • Value Estimation by Request
      197,206 SF

      12021 Mt Holly-Huntersville Rd

      Distribution properties • 197,206 SF
      12021 Mt Holly-Huntersville Rd, Huntersville, NC 28078
      View Details
    • Value Estimation
      $4,930,000
      77,986 SF

      13420 Reese W Blvd

      MANUFACTURING (LIGHT) • 77,986 SF
      13420 Reese W Blvd, Huntersville, NC 28078-7925
      View Details
    • Value Estimation
      $25,890,000
      306,007 SF

      12331 Commerce Sta Dr

      MANUFACTURING (LIGHT) • 306,007 SF
      12331 Commerce Sta Dr, Huntersville, NC 28078-6823
      View Details

    Similar Nearby for Sale

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      Huntersville Land Near I-485

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    Similar Nearby for Lease

    • Contact for pricing
      201,940 SF

      Huntersville Industrial Space For Lease

      Class A industrial buildings with easy access to I-77.
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      116,294 SF

      Huntersville Industrial Space For Lease

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      Huntersville Industrial Space for Lease

      Class A industrial buildings with easy access to I-77.
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      197,206 SF

      Huntersville Logistics Center

      Class A Industrial Space, 197,206 SF
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      View Details
    • Contact for pricing
      131,000 SF

      Huntersville Industrial Space Available

      131,000 SF Manufacturing/Warehouse
      13601 Reese Blvd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      325,060 SF

      Huntersville Warehouse Space for Lease

      325,060 SF warehouse space available in Huntersville, North Carolina.
      11230 Everett Keith Rd, Huntersville, NC 28078
      View Details
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    Huntersville, NC 28078-8213
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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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