Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13425 Hoover Crk Blvd Charlotte, NC 28273-0169

    • Medical offices
    • 24,990 SF
    • 1.78 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2021
    $9,650,000
    Value Estimations
    $10,475,000
    Show details
    Cap Rate Potential
    3.1%
    Medical offices
    Location Intelligence
    Property ID
    US53-4912509
    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

    • Medical offices

    Property Details for 13425 Hoover Crk Blvd

    Year built
    2017
    Lot size
    1.78 lot acres
    Property size
    24,990 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    21906134
    APU
    21906134

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,330,000
      ML approach
      $11,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,240,000
      Market price range: $6.04M - $13.3M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $10,070,000
      Current use
      COMMERCIAL (GENERAL)
      $17,260,000
      Change: +71% Conversion: Easy
      RESTAURANT
      $15,970,000
      Change: +59% Conversion: Difficult
      RETAIL STORES
      $8,095,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9901
    Latitude
    35.1005
    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
    $68,509
    $1,585,900
    $7,754,100
    $9,340,000
    -
    $1,585,900
    $7,754,100
    $9,340,000

    Comparable in this City

    • Value Estimation
      $10,025,000
      12,775 SF

      14166 Steele Crk Rd

      MEDICAL BUILDING • 12,775 SF
      14166 Steele Crk Rd, Charlotte, NC 28273-3968
      View Details
    • Value Estimation
      $1,295,000
      6,394 SF

      9332 Tryon St

      MEDICAL BUILDING • 6,394 SF
      9332 Tryon St, Charlotte, NC 28273-3108
      View Details
    • Value Estimation
      $1,305,000
      6,242 SF

      9201 Tryon St

      MEDICAL BUILDING • 6,242 SF
      9201 Tryon St, Charlotte, NC 28273-4238
      View Details
    • Value Estimation by Request
      3,147 SF

      2740 Arrowood Rd

      MEDICAL BUILDING • 3,147 SF
      2740 Arrowood Rd, Charlotte, NC 28273-6257
      View Details
    • Value Estimation
      $1,285,000
      7,000 SF

      13731 Steele Crk Rd

      MEDICAL BUILDING • 7,000 SF
      13731 Steele Crk Rd, Charlotte, NC 28273-6841
      View Details
    • Value Estimation
      $1,330,000
      10,036 SF

      7901 England St

      MEDICAL BUILDING • 10,036 SF
      7901 England St, Charlotte, NC 28273-5915
      View Details

    Similar Nearby for Sale

    • $450,000
      1,427 SF

      Executive Office Suite, Charlotte

      1,427 SF Office Space - $450,000
      10965 Winds Crossing Dr, Charlotte, NC 28273
      View Details
    • Contact for pricing
      36,000 SF

      Class A Flex Building

      Flex/industrial space near Westinghouse Blvd, I-485, and I-77.
      11101 Park Charlotte Blvd, Charlotte, NC 28273
      View Details
    • $350,000
      2.70 Acres

      Residential Lot in Charlotte Community

      Prime residential lot in established Charlotte community, close to city.
      3132 Beaman Ave, Charlotte, NC 28273
      View Details
    • $265,000

      Steele Creek Townhome with Upgrades

      Beautiful townhome in Calloway Glen, move-in ready with upgrades.
      12731 Persimmon Tree Dr, Charlotte, NC 28273
      View Details
    • $445,000
      2.27 Acres

      Charlotte Wooded Lot Near Uptown

      2.27-acre wooded lot near Uptown Charlotte with development potential.
      3008 Beaman Ave, Charlotte, NC 28273
      View Details
    • Contact for pricing
      1.13 Acres

      Steele Creek Commercial Land

      1.134 Acres, High-Visibility Lot
      8612 Steele Creek Rd, Charlotte, NC 28273
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      11,067 SF

      Medical Office Building in Charlotte

      Two-story medical office building in booming Steele Creek submarket.
      13515 Steele Creek Rd, Charlotte, NC 28273
      View Details
    • $22 SF/Yr
      36,231 SF

      Class A Office Space Available

      Modern, renovated office space in a prime Charlotte location.
      9401 Arrowpoint Blvd, Charlotte, NC 28273
      View Details
    • $11 SF/Yr
      338,000 SF

      Charlotte Executive Office & Warehouse Space

      338,000 SF Multi-Tenant Building, 27,040 SF Available
      10225-R Western Rdg Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      64,400 SF

      Charlotte Flex Space Available

      19,660 SF Flex Space in South Point
      13504 Point Blvd, Charlotte, NC 28273
      View Details
    • $26 SF/Yr
      5,000 SF

      Prime Office Space, Dixie River Rd.

      Class A Office, 2,500 SF Available
      4715 Dixie River Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      2,192 SF

      Office Space in Ayrsley

      Office space in a live-work-play environment with many amenities.
      2016 Ayrsley Town Blvd, Charlotte, NC 28273
      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.
    13425 Hoover Crk Blvd
    Charlotte, NC 28273-0169
    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

    Google sign-in failed. Please try again or use another login method.