Property profile

1224 Commercial Ave Charlotte, NC 28205

OFF-MARKET
Warehouses
Property ID
US53-1984516
11,898 SF 0.91 ac lot Built 1997
Individually Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1997
Total area 11,898 SF
Lot 0.91 ac (39,772 SF)
Zoning code I1
APN 9301517
UPID US53-1984516

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • Cafe & Coffee Shop

Location

1224 Commercial Ave Charlotte, NC 28205-1411
Charlotte metro Census 1300 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$941k
Blend (final) Blend
$340k

Owner & transaction history

since 2011
4 recorded transactions
2011
$237,000
1996
Price N/A
1996
$70,000
1969
Price N/A

Zoning & alternative use

I1 · Charlotte, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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