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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1600 Hunters Rd Huntersville, NC 28078-6002

    • Garden apartment buildings
    • 5,760 SF
    • 19.80 lot acres
    OFF-MARKET
    Last Sale
    Oct 02, 2020
    $18,900,000
    Value Estimations
    $17,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1799899
    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

    • Garden apartment buildings

    Property Details for 1600 Hunters Rd

    Year built
    1988
    Lot size
    19.80 lot acres
    Property size
    5,760 SF
    Zone code
    NRCD
    Property type
    Garden apartment buildings
    APN
    1713407
    APU
    1713407

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,665,000
      ML approach
      $11,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,071,000
      Market price range: $1.30M - $15.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8537
    Latitude
    35.4195
    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
    $126,147
    $4,200,800
    $15,233,300
    $19,434,100
    -
    $4,200,800
    $15,233,300
    $19,434,100

    Comparable in this City

    • Value Estimation
      $870,000
      12,972 SF

      Huntersville, NC 28078

      GARDEN APT, COURT APT (5+ UNITS) • 12,972 SF
      Huntersville, NC 28078
      View Details
    • Value Estimation
      $2,300,000
      36,279 SF

      12832 Hopewell Ave

      GARDEN APT, COURT APT (5+ UNITS) • 36,279 SF
      12832 Hopewell Ave, Huntersville, NC 28078-6565
      View Details
    • Value Estimation
      $685,000
      8,128 SF

      16939 Northcross Dr

      GARDEN APT, COURT APT (5+ UNITS) • 8,128 SF
      16939 Northcross Dr, Huntersville, NC 28078
      View Details
    • Value Estimation
      $6,415,000
      133,228 SF

      16519 Old Statesville Rd

      GARDEN APT, COURT APT (5+ UNITS) • 133,228 SF
      16519 Old Statesville Rd, Huntersville, NC 28078-9416
      View Details
    • Value Estimation
      $4,490,000
      91,524 SF

      16918 Birkdale Cmns Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 91,524 SF
      16918 Birkdale Cmns Pkwy, Huntersville, NC 28078-4878
      View Details
    • Value Estimation
      $2,465,000
      30,682 SF

      90 Oak Hl Ct

      GARDEN APT, COURT APT (5+ UNITS) • 30,682 SF
      90 Oak Hl Ct, Huntersville, NC 28078-0063
      View Details

    Similar Nearby for Sale

    • $799,500
      Pending

      Huntersville Land with Road Frontage

      7.36 acres in Huntersville with road frontage and improvements.
      3816 Alton St, Huntersville, NC 28078
      View Details
    • $199,000
      1.75 Acres

      Huntersville Land with Approved Plans

      Two lots with approved plans for duplex and garage apartment.
      12101 Old Statesville Rd, Huntersville, NC 28078
      View Details
    • $2,500,000
      9.85 Acres

      Huntersville Senior Housing Land

      ±9.85 Acres, Fully Entitled, 130 Units
      9102 Beatties Ford Rd, Huntersville, NC 28078
      View Details
    • $600,000
      2.76 Acres

      Huntersville Land Near Mountain Island

      2.76 acres near Mountain Island Lake, close to Charlotte.
      11201 Johnson Davis Rd, Huntersville, NC 28078
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Northcross 1: Premier Multi-Use Space

      7,200 SF Office/Industrial Available
      9825 Northcross Center Ct, Huntersville, NC 28078
      View Details
    • $22 SF/Yr
      2,300 SF

      Huntersville Office Suite For Rent

      2,300 SF office suite in mixed-use building available.
      15905 Brookway Dr, Huntersville, NC 28078
      View Details
    • Contact for pricing

      Huntersville Commercial Land For Rent

      Commercial land available for rent at Huntersville Market.
      12901 Eastfield Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      2,354 SF

      Retail Space in Huntersville, NC

      Retail space for lease in Huntersville, North Carolina.
      9826 Gilead Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      201,940 SF

      Huntersville Industrial Space For Lease

      Class A industrial buildings with easy access to I-77.
      10401 Hambright Rd, Huntersville, NC 28078
      View Details
    • $30 SF/Yr
      1,921 SF

      Huntersville Office Space For Lease

      Office suite suitable for medical or general use.
      16610 Birkdale Commons Pkwy, Huntersville, NC 28078
      View Details
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    1600 Hunters Rd
    Huntersville, NC 28078-6002
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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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