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    Property profile & analytics

    15302 Old Statesville Rd Huntersville, NC 28078

    • Warehouses
    • 3,300 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2022
    $500,000
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    4.5%
    Warehouses
    Location Intelligence
    Property ID
    US53-1575203
    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

    • C.A.R.'s Superior Auto Service / Auto Repair Shop

    Property Details for 15302 Old Statesville Rd

    Year built
    1984
    Lot size
    0.70 lot acres
    Property size
    3,300 SF
    Zone code
    HC
    Property type
    Warehouses
    APN
    1120114
    APU
    1120114

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000
      ML approach
      $500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $375,000
      6.5%
      $345,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $626,000
      Market price range: $263k - $647k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $425,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8417
    Latitude
    35.4223
    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
    $3,115
    $433,700
    $46,200
    $479,900
    -
    $433,700
    $46,200
    $479,900

    Comparable in this City

    • Value Estimation by Request
      197,206 SF

      12021 Mt Holly-Huntersville Rd

      Distribution properties • 197,206 SF
      12021 Mt Holly-Huntersville Rd, Huntersville, NC 28078
      View Details
    • Value Estimation
      $13,365,000
      118,167 SF

      10219 Bryton Corporate Ctr Dr

      MINI-WAREHOUSE, STORAGE • 118,167 SF
      10219 Bryton Corporate Ctr Dr, Huntersville, NC 28078-0638
      View Details
    • Value Estimation
      $44,745,000
      315,420 SF

      Huntersville, NC 28078

      WAREHOUSE, STORAGE • 315,420 SF
      Huntersville, NC 28078
      View Details
    • Value Estimation
      $25,835,000
      159,120 SF

      13359 Reese E Blvd

      WAREHOUSE, STORAGE • 159,120 SF
      13359 Reese E Blvd, Huntersville, NC 28078-6591
      View Details
    • Value Estimation by Request
      315,896 SF

      11320 Beltway Industrial Dr

      Distribution properties • 315,896 SF
      11320 Beltway Industrial Dr, Huntersville, NC 28078
      View Details
    • Value Estimation
      $4,410,000
      76,904 SF

      11609 Hord Dr

      WAREHOUSE, STORAGE • 76,904 SF
      11609 Hord Dr, Huntersville, NC 28078-4262
      View Details

    Similar Nearby for Sale

    • $398,500
      0.84 Acres

      Huntersville Land Investment Opportunity

      Prime commercial land near amenities and major roads in Huntersville.
      15208 Old Statesville Rd, Huntersville, NC 28078
      View Details
    • $450,000
      Pending

      Huntersville Land Opportunity

      6.1 acres in Huntersville with easy access to amenities.
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    • $7,350,000
      52.55 Acres

      Huntersville Wooded Acreage For Sale

      52.55 acres near future park and greenway in Huntersville.
      52.55 Acres Mcilwaine Rd, Huntersville, NC 28078
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    • $4,500,000
      8.50 Acres

      Huntersville Commercial Land - 8.5 Acres

      High-traffic location, development potential.
      Statesville Rd, Huntersville, NC 28078
      View Details
    • $1,050,000
      4.80 Acres

      Huntersville Home on Expansive Lot

      Spacious home on 4.8 acres near I-77 and shopping.
      9825 Hagers Rd, Huntersville, NC 28078
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    • Contact for pricing

      Huntersville Land For Sale

      12.53 AC of land in a growth corridor.
      12401 Asbury Chapel Rd, Huntersville, NC 28078
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    Similar Nearby for Lease

    • Contact for pricing

      Huntersville Flex Space Available

      End cap unit with substantial glass and easy highway access.
      9825 Northcross Center Ct, Huntersville, NC 28078
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      201,940 SF

      Huntersville Industrial Space For Lease

      Class A industrial buildings with easy access to I-77.
      10401 Hambright Rd, Huntersville, NC 28078
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    • Contact for pricing
      197,206 SF

      Huntersville Logistics Center

      Class A Industrial Space, 197,206 SF
      12021 Mt Holly-Huntersville Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      4,880 SF

      Huntersville Warehouse Space Available

      Warehouse space available in Huntersville, 4 minutes from I-77.
      12501 Commerce Station Dr, Huntersville, NC 28078
      View Details
    • Contact for pricing
      245,134 SF

      Huntersville Industrial Space for Lease

      Class A industrial buildings with easy access to I-77.
      11835 Patterson Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      4,800 SF

      Warehouse and Office Space Available

      4,800 SF warehouse and office space for sublease.
      13266 Reese Blvd E, Huntersville, NC 28078
      View Details
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    Huntersville, NC 28078
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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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