Property profile & analytics
1318 Pecan Ave Charlotte, NC 28205
- Retail space
- 10,744 SF
- 0.41 lot acres
OFF-MARKET
Last Sale
May 04, 2023
May 04, 2023
Value Estimations
$2,275,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-1509340
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
- Semper Laser / Skin Care Clinic
- Fitness Together / Gym & Fitness Center
- cait hair clt / Hair Salon
- The Hair Loft / Hair Salon
- Garcia LLC / Big Box & Wholesale Store / Building Supply
Property Details for 1318 Pecan Ave
- Year built
- 2018
- Lot size
- 0.41 lot acres
- Property size
- 10,744 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 8117405
- APU
- 8117405
Description
Nova's Corner presents a unique investment opportunity in the vibrant Plaza Midwood neighborhood of Charlotte, North Carolina. This two-story building, totaling 10,428 square feet, offers multiple suites ideal for a variety of uses, including retail, restaurant, office, fitness, and medical. Currently, 2,742 square feet of contiguous space is available, with a minimum divisible space of 1,205 square feet. The building features abundant parking and an elevator for convenient access to both floors. One available space is a 2nd generation retail space complete with a covered patio, perfect for a restaurant or similar business. Another 2nd generation space is also available, suitable for fitness, medical, or general retail uses. Located at 1318 Pecan Avenue, Charlotte, NC 28205, this property boasts a prime location within walking distance of numerous restaurants and shops, and provides easy access to Uptown, Midtown, and major interstates. The building consists of three total suites within one building, situated in Mecklenburg County. This is an exceptional chance to secure a well-positioned commercial space in a thriving Charlotte neighborhood. The property's versatility and convenient location make it an attractive option for a wide range of businesses seeking a high-visibility presence in a desirable area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,000,000
- 6.5%
- $2,765,000
- 7%
- $2,570,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,780,000
Market price range: $521k - $1.95M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,925,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,210,000 Change: +10% Conversion: Moderate
- OFFICE BUILDING
- $2,815,000 Change: -4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,800,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.813
- Latitude
- 35.2211
- 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
$24,075
$1,158,200
$2,124,000
$3,282,200
-
$1,158,200
$2,124,000
$3,282,200
