Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12120 Westhall Dr Charlotte, NC 28278-7116
    Back to Search
    Property profile & analytics

    12120 Westhall Dr Charlotte, NC 28278-7116

    View on Map
    • Warehouses
    • 23,550 SF
    • 3.11 lot acres
    Off-Market
    Property ID
    US53-2170273
    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
    $2,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Seretta Construction Mid-Atlantic, LLC / Construction Company / General Contractor

    Property Details for 12120 Westhall Dr

    Year built
    2004
    Lot size
    3.11 lot acres
    Property size
    23,550 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    19914115
    APU
    19914115

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,185,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9853
    Latitude
    35.1279
    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
    $19,575
    $621,500
    $2,047,200
    $2,668,700
    -
    $621,500
    $2,047,200
    $2,668,700

    Comparable in this City

    • Value Estimation
      $3,430,000
      31,425 SF

      11825 Westhall Dr

      WAREHOUSE, STORAGE • 31,425 SF
      11825 Westhall Dr, Charlotte, NC 28278-7119
      View Details
    • Value Estimation
      $5,335,000
      63,182 SF

      12428 Sam Neely Rd

      WAREHOUSE, STORAGE • 63,182 SF
      12428 Sam Neely Rd, Charlotte, NC 28278-7755
      View Details
    • Value Estimation
      $14,150,000
      180,000 SF

      10820 Quality Dr

      WAREHOUSE, STORAGE • 180,000 SF
      10820 Quality Dr, Charlotte, NC 28278-7702
      View Details
    • Value Estimation
      $14,175,000
      84,134 SF

      14225 Youngblood Rd

      MINI-WAREHOUSE, STORAGE • 84,134 SF
      14225 Youngblood Rd, Charlotte, NC 28278-8100
      View Details
    • Value Estimation
      $48,540,000
      408,876 SF

      10137 Horton Rd

      WAREHOUSE, STORAGE • 408,876 SF
      10137 Horton Rd, Charlotte, NC 28278-9203
      View Details
    • Value Estimation
      $13,585,000
      79,825 SF

      12411 Sam Neely Rd

      MINI-WAREHOUSE, STORAGE • 79,825 SF
      12411 Sam Neely Rd, Charlotte, NC 28278-7754
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Site in Southwest Charlotte

      2.6-acre development site near Palisades community and schools.
      11952 Mcdowell Frst Dr, Charlotte, NC 28278
      View Details
    • $200,000
      1.53 Acres

      Charlotte Land Near Water Access

      Vacant lot ideal for custom home or investment property.
      13210 Pine Harbor Rd, Charlotte, NC 28278
      View Details
    • $314,999
      5.29 Acres

      Land in The Sanctuary, Charlotte

      5.29 acre lot in The Sanctuary near Lake Wylie.
      14427 Roe Buck Meadow Ln, Charlotte, NC 28278
      View Details
    • $475,000
      7.36 Acres

      7.36 Acres Wooded Homesite

      Prime wooded homesite in The Sanctuary on Lake Wylie.
      9026 Island Point Rd, Charlotte, NC 28278
      View Details
    • $300,000
      1.85 Acres

      Charlotte Land With City Utilities

      1.85 acre lot with city utilities, no HOA.
      6716 Rock Island Rd, Charlotte, NC 28278
      View Details
    • $4,375,000
      16.00 Acres

      Charlotte Land Development Opportunity

      16-acre land parcel in growing Steele Creek area.
      15207 Shopton Rd W, Charlotte, NC 28278
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      108,160 SF

      New Warehouse Space Available

      108,160 SF warehouse space for lease, built in 2026.
      10723 Garrison Rd, Charlotte, NC 28278
      View Details
    • Contact for pricing
      177,031 SF

      Charlotte Warehouse with Dock Doors

      177,031 SF warehouse featuring 39 dock-high doors.
      10827 Garrison Rd, Charlotte, NC 28278
      View Details
    • Contact for pricing
      316,900 SF

      Modern Industrial Warehouse Space

      Available warehouse space built in 2020 with ample parking.
      10137 Horton Rd, Charlotte, NC 28278
      View Details
    • Contact for pricing
      479,600 SF

      Charlotte Warehouse with Ample Parking

      Large warehouse with high ceilings, multiple docks, and extensive parking.
      10813 Garrison Rd, Charlotte, NC 28278
      View Details
    • Contact for pricing
      300,000 SF

      Charlotte Industrial Facility For Rent

      300,000 SF industrial facility near Charlotte Douglas Airport.
      10800 Withers Cove Park Dr, Charlotte, NC 28278
      View Details
    • Contact for pricing
      2,409 SF

      Medical/Retail Space in Berewick Center

      Medical and retail spaces available in Berewick Town Center.
      4820 Berewick Town Ctr Dr, Charlotte, NC 28278
      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.
    12120 Westhall Dr
    Charlotte, NC 28278-7116
    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
    12120 Westhall Dr, Charlotte, NC, 28278
    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!