Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    116 Providence St Waxhaw, NC 28173
    Back to Search
    Property profile & analytics

    116 Providence St, Waxhaw, NC 28173

    View on Map
    • Office buildings
    • 2,460 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Jan 10, 2025
    $563,500
    Property ID
    US53-1475965
    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
    $540,000
    Show details
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • El Rophe Counseling Center Inc. / Counselor
    • Charles H. Hinkle, MA / Counselor
    • Sidney W. Langston, PHD / Counselor

    Property Details for 116 Providence St

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    2,460 SF
    Zone code
    NMX WAXHAW
    Property type
    Office buildings
    APN
    05-115-074
    APU
    5115074

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $440,000
      ML approach
      $490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $680,000
      6.5%
      $630,000
      7%
      $585,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $400,000
      Current use
      RETAIL STORES
      $680,000
      Change: +69% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $390,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $385,000
      Change: -4% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $375,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.7428
    Latitude
    34.9242
    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
    $0.00
    $34,000
    $76,400
    $110,400
    -
    $34,000
    $76,400
    $110,400

    Comparable in this City

    • Value Estimation
      $7,220,000
      31,576 SF

      Davis

      OFFICE BUILDING • 31,576 SF
      Davis, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      1,532 SF

      Main St

      OFFICE BUILDING • 1,532 SF
      Main St, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      840 SF

      316 Broome St

      OFFICE BUILDING • 840 SF
      316 Broome St, Waxhaw, NC 28173-7483
      View Details
    • Value Estimation by Request
      2,754 SF

      108 Es Main St

      OFFICE BUILDING • 2,754 SF
      108 Es Main St, Waxhaw, NC 28173-7141
      View Details
    • Value Estimation by Request
      2,478 SF

      105 Waxhaw Professional Park Dr Ste A

      OFFICE BUILDING • 2,478 SF
      105 Waxhaw Professional Park Dr Ste A, Waxhaw, NC 28173-5018
      View Details
    • Value Estimation by Request
      1,540 SF

      102 Waxhaw Professional Park Dr

      OFFICE BUILDING • 1,540 SF
      102 Waxhaw Professional Park Dr, Waxhaw, NC 28173-5024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Waxhaw Retail Outparcels: Prime Location

      Restaurant & Medical Office Sites Available
      0 Providence St, Waxhaw, NC 28173
      View Details
    • $6,627,000
      41,356 SF

      Waxhaw Retail Ground Lease Opportunity

      Retail property in Waxhaw, NC with corporate ground lease.
      2520 Cuthbertson Rd, Waxhaw, NC 28173
      View Details
    • $495,000
      10.37 Acres

      Cane Creek Waterfront Wilderness Sanctuary

      10.37 acre Waxhaw refuge with 700 feet of creek.
      Huey Rd, Waxhaw, NC 28173
      View Details
    • $900,000
      29.24 Acres

      30 Acres in Waxhaw, NC

      30 acres in Waxhaw with road frontage and endless possibilities.
      6419 Lancaster Hwy, Waxhaw, NC 28173
      View Details
    • New
      $150,000
      5.54 Acres

      Waxhaw Land for Sale

      5.5+ acre lot suitable for estate or small farm.
      -- Davis Rd, Waxhaw, NC 28173
      View Details
    • New
      $1,150,000
      10.00 Acres

      Waxhaw Land for Private Residence

      10 acres of land ready for a private residence.
      Potter Rd, Waxhaw, NC 28173
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      2,638 SF

      Charming Two-Story Office Building

      Two-story office building near Waxhaw's Main Street intersection.
      501 N Providence St, Waxhaw, NC 28173
      View Details
    • $900 /Mo
      415 SF

      Waxhaw Parkway Office Space Available

      Office suites and coworking space near downtown Waxhaw.
      129 Waxhaw Pkwy, Waxhaw, NC 28173
      View Details
    • $2,500 /Mo
      44,867 SF

      Charming Commercial Space in Waxhaw

      Flexible commercial space in Waxhaw with neighborhood center zoning.
      5309 Waxhaw Marvin Rd, Waxhaw, NC 28173
      View Details
    • $3,000 /Mo
      218 SF

      Office Space in Waxhaw

      Multi-use office space near downtown Waxhaw.
      102 Waxhaw Professional Park Dr, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space in Waxhaw Center

      Retail and office spaces available in anchored shopping center.
      2508 Cuthbertson Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing
      11,200 SF

      Retail, Office, Medical Space Available

      Retail, office, and medical spaces for lease in Waxhaw.
      S Providence Rd, Waxhaw, NC 28173
      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.
    116 Providence St
    Waxhaw, NC 28173
    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

    Thank You for Inquiry
    116 Providence St, Waxhaw, NC, 28173
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!