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    Property profile & analytics

    1505 Turring Dr Indian Trail, NC 28079-8474

    • Warehouses
    • 2,000 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    7.1%
    Warehouses
    Location Intelligence
    Property ID
    US53-2316363
    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

    • Warehouses

    Property Details for 1505 Turring Dr

    Year built
    2006
    Lot size
    0.05 lot acres
    Property size
    2,000 SF
    Zone code
    LI INDIAN TRAIL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    07-066-017D
    APU
    07066017D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $260,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $278,000
      Market price range: $149k - $344k

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6405
    Latitude
    35.0724
    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
    $1,281
    $18,700
    $118,300
    $137,000
    -
    $18,700
    $118,300
    $137,000

    Comparable in this City

    • Value Estimation
      $560,000
      20,412 SF

      3016 Eaton Ave

      MINI-WAREHOUSE, STORAGE • 20,412 SF
      3016 Eaton Ave, Indian Trail, NC 28079-8869
      View Details
    • Value Estimation
      $335,000
      12,000 SF

      5909 Stockbridge Dr

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      5909 Stockbridge Dr, Indian Trail, NC 28079
      View Details
    • Value Estimation
      $405,000
      2,500 SF

      1418 Babbage Ln Ste C

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      1418 Babbage Ln Ste C, Indian Trail, NC 28079-3462
      View Details
    • Value Estimation
      $205,000
      2,500 SF

      1418 Babbage Ln Ste B

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      1418 Babbage Ln Ste B, Indian Trail, NC 28079-3462
      View Details
    • Value Estimation
      $265,000
      5,808 SF

      118 Business Park Dr

      MINI-WAREHOUSE, STORAGE • 5,808 SF
      118 Business Park Dr, Indian Trail, NC 28079-9432
      View Details
    • Value Estimation
      $620,000
      1,940 SF

      1000 Van Buren Ave E E Ste

      MINI-WAREHOUSE, STORAGE • 1,940 SF
      1000 Van Buren Ave E E Ste, Indian Trail, NC 28079-5619
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Industrial Property with Truck Court

      9,143 SF industrial building on 1.7 acres for sale.
      105 Corporate Blvd, Indian Trail, NC 28079
      View Details
    • $4,225,000
      7.56 Acres

      Unionville Industrial Land - 7.56 Acres

      Prime Union County commercial/industrial land. 80 parking spaces, great ROI.
      0 And Younts Rd, Indian Trail, NC 28079
      View Details
    • $6,300,000
      22.45 Acres

      Prime Indian Trail Commercial Land

      22.45 Acres, $6.3M, Union County, NC
      0 Secrest Short Cut Rd And Scott Long Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      102,360 SF

      Union Town Center: Retail Opportunity

      Indian Trail, NC Retail Center - High Visibility
      5850 Highway 74, Indian Trail, NC 28079
      View Details
    • $594,000
      1.98 Acres

      Prime Indian Trail Commercial Land

      1.98 Acres, RA-40 Zoning, $594,000
      824 Waxhaw Indian Trail Rd, Indian Trail, NC 28079
      View Details
    • $2,700,000

      Prime Indian Trail Mixed-Use Property

      9-Acre Commercial Land, High Visibility
      2119 Younts Rd, Indian Trail, NC 28079
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,125 SF

      Warehouse/Flex Space in Indian Trail

      Warehouse/flex space available for lease in Union County, NC.
      2004 Van Buren Ave, Indian Trail, NC 28079
      View Details
    • $12 SF/Yr
      22,000 SF

      Warehouse with Carport and Paint Booth

      22,000 SF warehouse with carport and 9 drive-in doors.
      1508 Highway 218 W, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Space with Fenced Lot

      6,000 SF industrial space featuring a fully fenced lot.
      1015 Van Buren Ave, Indian Trail, NC 28079
      View Details
    • $15 SF/Yr
      2,729 SF

      Indian Trail Flex Space Available

      Industrial/Flex unit for lease in Indian Trail, North Carolina.
      1000 Van Buren Ave, 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
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    1505 Turring Dr
    Indian Trail, NC 28079-8474
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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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