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    Property profile & analytics

    1325 Broome St Waxhaw, NC 28173-9380

    • Drive through restaurants
    • 3,516 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1760084
    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

    • VegGeez Plant Based Eatery / Restaurant
    • Waxhaw Social / Take-out & Catering / Catering Service

    Property Details for 1325 Broome St

    Year built
    1993
    Lot size
    0.09 lot acres
    Property size
    3,516 SF
    Zone code
    C-3 WAXHAW
    Property type
    Drive through restaurants
    APN
    06-141-044 02
    APU
    614104402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.7502
    Latitude
    34.935
    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
    $4,841
    $0.00
    $477,000
    $477,000
    -
    $0.00
    $477,000
    $477,000

    Comparable in this City

    • Value Estimation by Request
      2,080 SF

      2517 Cuthbertson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,080 SF
      2517 Cuthbertson Rd, Waxhaw, NC 28173-8111
      View Details
    • Value Estimation
      $600,000
      4,462 SF

      2532 Cuthbertson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,462 SF
      2532 Cuthbertson Rd, Waxhaw, NC 28173-7441
      View Details
    • Value Estimation
      $1,170,000
      3,366 SF

      4005 Providence S Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,366 SF
      4005 Providence S Rd, Waxhaw, NC 28173-8338
      View Details
    • Value Estimation
      $815,000
      14,420 SF

      701 Ws Main St

      RESTAURANT • 14,420 SF
      701 Ws Main St, Waxhaw, NC 28173-7995
      View Details
    • Value Estimation by Request
      1,588 SF

      Ballantyne Turnkey Restaurant For Sale - Includes 2 Hoods!

      Restaurants • 1,588 SF
      0 Ballantyne Turnkey Restaurant For Sale - Includes 2 Hoods!, Waxhaw, NC 28173
      View Details
    • Value Estimation by Request
      1,250 SF

      110 Broome St

      RESTAURANT • 1,250 SF
      110 Broome St, Waxhaw, NC 28173-6030
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Waxhaw Retail Outparcels: Prime Location

      Restaurant & Medical Office Sites Available
      0 Providence St, Waxhaw, NC 28173
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    • $6,627,000
      41,356 SF

      Waxhaw Retail Ground Lease Opportunity

      Retail property in Waxhaw, NC with corporate ground lease.
      2520 Cuthbertson Rd, Waxhaw, NC 28173
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    • $299,000
      7.15 Acres

      Waxhaw Land Ideal for Farming

      Large tract of land perfect for horse or hobby farm.
      1017 S Oakshire Ln, Waxhaw, NC 28173
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    • $495,000
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      Cane Creek Waterfront Wilderness Sanctuary

      10.37 acre Waxhaw refuge with 700 feet of creek.
      10 11, Waxhaw, NC 28173
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    • $900,000
      29.24 Acres

      30 Acres in Waxhaw, NC

      30 acres in Waxhaw with road frontage and endless possibilities.
      6419 19, Waxhaw, NC 28173
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    • $225,000
      4.00 Acres

      Waxhaw Land with Septic Permit

      Four-acre Waxhaw land parcel with approved four-bedroom septic permit.
      8007 Farmbrook Dr, Waxhaw, NC 28173
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Development on Providence Road

      Retail spaces for lease in Waxhaw's main retail corridor.
      3205 S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space in Waxhaw Center

      Retail and office spaces available in anchored shopping center.
      2508 Cuthbertson Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space on 2 Acres

      Single tenant retail space available for rent on 2 acres.
      3012 South Providence St, Waxhaw, NC 28173
      View Details
    • Contact for pricing
      11,200 SF

      Retail, Office, Medical Space Available

      Retail, office, and medical spaces for lease in Waxhaw.
      S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      South Charlotte Retail/Office/Medical Space

      Retail, office, and medical space available for lease.
      S Providence St, Waxhaw, NC 28173
      View Details
    • $3,000 /Mo
      218 SF

      Office Space in Waxhaw

      Multi-use office space near downtown Waxhaw.
      102 Waxhaw Professional Park Dr, Waxhaw, NC 28173
      View Details
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    1325 Broome St
    Waxhaw, NC 28173-9380
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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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