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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1306 Wesley Chapel Rd Indian Trail, NC 28079-5243

    • Auto shops
    • 4,464 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2020
    $2,095,000
    Value Estimations
    $2,855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4793680
    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

    • Auto shops

    Property Details for 1306 Wesley Chapel Rd

    Year built
    2016
    Lot size
    0.99 lot acres
    Property size
    4,464 SF
    Zone code
    B-4 UNION COUNTY
    Property type
    Auto shops
    APN
    07-090-022A
    APU
    07090022A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,855,000
      ML approach
      $2,990,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6481
    Latitude
    35.046
    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
    $8,570
    $591,300
    $747,400
    $1,338,700
    -
    $591,300
    $747,400
    $1,338,700

    Comparable in this City

    • Value Estimation
      $280,000
      4,080 SF

      115 Sherin Ln

      AUTO REPAIR, GARAGE • 4,080 SF
      115 Sherin Ln, Indian Trail, NC 28079-9645
      View Details
    • Value Estimation
      $330,000
      9,600 SF

      1501 Waxhaw Indian Trl Rd

      AUTO REPAIR, GARAGE • 9,600 SF
      1501 Waxhaw Indian Trl Rd, Indian Trail, NC 28079-4198
      View Details
    • Value Estimation
      $260,000
      3,600 SF

      1115 Waxhaw Indian Trl Rd

      AUTO REPAIR, GARAGE • 3,600 SF
      1115 Waxhaw Indian Trl Rd, Indian Trail, NC 28079-4190
      View Details
    • Value Estimation
      $240,000
      1,800 SF

      Secrest Short Cut Rd

      AUTO REPAIR, GARAGE • 1,800 SF
      Secrest Short Cut Rd, Indian Trail, NC 28079
      View Details
    • Value Estimation
      $305,000
      2,040 SF

      Wesley Chape-stouts Rd

      AUTO REPAIR, GARAGE • 2,040 SF
      Wesley Chape-stouts Rd, Indian Trail, NC 28079
      View Details
    • Value Estimation
      $275,000
      2,940 SF

      4219 Nagle Dr

      AUTO REPAIR, GARAGE • 2,940 SF
      4219 Nagle Dr, Indian Trail, NC 28079-4170
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,440 SF

      Indian Trail Retail Opportunity

      Retail property in Indian Trail, NC, near Charlotte.
      4015 Fawnbrooke, Lake Park, NC 28079
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    • $1,250,000

      Profitable Indian Trail Pub

      Established Restaurant, High Revenue
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      102,360 SF

      Union Town Center: Retail Opportunity

      Indian Trail, NC Retail Center - High Visibility
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      Prime Indian Trail Mixed-Use Property

      9-Acre Commercial Land, High Visibility
      2119 Younts Rd, Indian Trail, NC 28079
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      5,400 SF

      Indian Trail Retail Opportunity

      Prime 10.58 acre property with building for sale.
      13908 E Independence Blvd, Indian Trail, NC 28079
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    • New
      $850,000
      Pending

      Indian Trail Retail/Business Opportunity

      High-traffic location near mixed-use development. Versatile zoning for various uses.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,505 SF

      Retail Space Near Highway 74

      1,505 SF retail space with excellent visibility.
      14045 E Independence Blvd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Retail Space Near Harris Teeter

      1,502 SF retail space available in Indian Trail, NC.
      Indian Trail, NC 28079
      View Details
    • $26 SF/Yr
      73,734 SF

      Sun Valley Retail Space Available

      Indian Trail Shopping Center: 5,255 SF Available
      0 Old Monroe Rd And Wesley Stout Chapel Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Independence Blvd

      Retail spaces available in high-growth Indian Trail market.
      13719 E Independence Blvd, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      3,600 SF

      Prime Indian Trail Retail Space

      3,600 SF Retail, Multiple Units Available
      13705 Independence Blvd, Indian Trail, NC 28079
      View Details
    • $26 SF/Yr
      5,255 SF

      Retail Space in Indian Trail

      Neighborhood shopping center anchored by Harris Teeter and Wells Fargo.
      6580-6640 Old Monroe Rd, Indian Trail, NC 28079
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      2.0k
    • Avg Time on site
      21 min
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    1306 Wesley Chapel Rd
    Indian Trail, NC 28079-5243
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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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