Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Scaleybark Rd Charlotte, NC 28209-2609
    Back to Search
    Property profile & analytics

    124 Scaleybark Rd, Charlotte, NC 28209-2609

    View on Map
    • Parking lots & garages
    • 592,349 SF
    • 4.10 lot acres
    Off-Market
    Last Sale Jun 14, 2022
    $11,174,500
    Property ID
    US53-0471260
    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
    $10,855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Southend Storage / Storage Facility

    Property Details for 124 Scaleybark Rd

    Year built
    1984
    Lot size
    4.10 lot acres
    Zone code
    I2
    Property type
    Parking lots & garages
    APN
    14906123
    APU
    14906123

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 14, 2022 — Scaleybark Clt LLC Jcz Properties LLC Deed —
    Jun 14, 2022 $11,174,500 Scaleybark Clt LLC Sb Investments LLC Special Warranty Deed —
    Oct 23, 2019 — Sb Investments LLC — Grant Deed · related $2M · Capital Bk
    — — Sb Investments LLC — Deed Of Trust · related $250k · Paragon Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,520,000
      ML approach
      $9,555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8747
    Latitude
    35.1879
    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
    $332,062
    $10,793,500
    $34,477,400
    $45,270,900
    -
    $10,793,500
    $34,477,400
    $45,270,900

    Comparable in this City

    • Value Estimation
      $1,125,000
      128,880 SF

      5945 Carnegie Blvd

      PARKING GARAGE, PARKING STRUCTURE
      5945 Carnegie Blvd, Charlotte, NC 28209
      View Details
    • Value Estimation by Request
      89,950 SF

      5725 Carnegie Blvd

      PARKING GARAGE, PARKING STRUCTURE
      5725 Carnegie Blvd, Charlotte, NC 28209-4631
      View Details
    • Value Estimation
      $1,040,000
      171,266 SF

      5501 Carnegie Blvd

      PARKING GARAGE, PARKING STRUCTURE
      5501 Carnegie Blvd, Charlotte, NC 28209-4627
      View Details
    • Value Estimation
      $825,000
      80,500 SF

      4415 Assembly St

      PARKING GARAGE, PARKING STRUCTURE
      4415 Assembly St, Charlotte, NC 28209
      View Details
    • Value Estimation by Request
      1,436 SF

      3801 Ss Blvd

      SERVICE STATION (FULL SERVICE)
      3801 Ss Blvd, Charlotte, NC 28209-2342
      View Details
    • Value Estimation
      $3,815,000
      5,940 SF

      4044 Ss Blvd

      AUTO REPAIR, GARAGE
      4044 Ss Blvd, Charlotte, NC 28209-2746
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,327 SF

      Charlotte Commercial Property For Sale

      Commercial property available for sale in Charlotte, North Carolina.
      4438 South Blvd, Charlotte, NC 28209
      View Details
    • New
      $725,000
      0.34 Acres

      Duplex with Separate Driveways

      Two-unit duplex offering separate driveways, en-suite owner bedrooms, and updated exterior features with no HOA.
      814 Selwyn Oaks Ct, Charlotte, NC 28209
      View Details
    • New
      $899,000
      0.32 Acres

      Residential Land in Ashbrook, Charlotte

      Land for redevelopment or custom home in Ashbrook neighborhood.
      1301 Bywood Ln, Charlotte, NC 28209
      View Details
    • Contact for pricing
      1,098 SF

      Professional Office Suite Near SouthPark

      Multi-tenant office complex in desirable Park Road/SouthPark corridor.
      4728 Park Rd, Charlotte, NC 28209
      View Details
    • $775,000
      0.19 Acres

      Residential Lot in Sedgefield, Charlotte

      Prime corner lot ready for building in Sedgefield neighborhood.
      400 Greystone Rd, Charlotte, NC 28209
      View Details
    • Contact for pricing

      Class-A Boutique Office Building

      Class-A office building with retail, parking, balconies, and city views.
      2825 South Blvd, Charlotte, NC 28209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,152 SF

      Stand Alone Building For Lease

      Unique building in Lower South End, near Scaleybark Lightrail.
      245 Clanton Rd, Charlotte, NC 28209
      View Details
    • Contact for pricing

      Class-A Boutique Office Building

      Boutique office building with retail and city views.
      2825 South Blvd, Charlotte, NC 28209
      View Details
    • Contact for pricing

      Class-A Office and Retail Building

      Six-story building with office and retail spaces for rent.
      2825 South Blvd, Charlotte, NC 28209
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in prime location.
      4312 Park Rd, Charlotte, NC 28209
      View Details
    • Contact for pricing

      Class A Office and Retail Campus

      Two-tower campus offers efficient floorplates, premium ceiling heights, and covered access with executive parking options.
      4250 Congress St, Charlotte, NC 28209
      View Details
    • Contact for pricing

      Retail Space in Multifamily Development

      Ground floor retail space in Lower South End development.
      3441 South Blvd, Charlotte, NC 28209
      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.
    124 Scaleybark Rd
    Charlotte, NC 28209-2609
    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
    124 Scaleybark Rd, Charlotte, NC, 28209
    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!