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    Property profile & analytics

    16035 Johnston Rd Charlotte, NC 28277-2566

    • Drug stores
    • 11,022 SF
    • 1.52 lot acres
    OFF-MARKET
    Value Estimation
    $5,225,000
    Last Sale
    Dec 08, 2022
    $5,200,000
    Location Intelligence
    Property ID
    US53-0186874
    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

    • MoneyGram / Money Transfer Service
    • CVS / Drug Store
    • CDReload - Online Bitcoin ATM / Money Transfer Service / Currency Exchange Service
    • Redbox / Movie Rental Kiosk / Dvd Store
    • CVS Pharmacy / Pharmacy

    Property Details for 16035 Johnston Rd

    Year built
    2004
    Lot size
    1.52 lot acres
    Property size
    11,022 SF
    Zone code
    B-1(CD)
    Property type
    Drug stores
    APN
    22353119
    APU
    22353119

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,075,000
      6.5%
      $4,890,000
      7%
      $5,160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,445,000
      Geo Method
      $4,725,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,435,000
      Retail
      $4,545,000
      Mixed-Use
      $5,050,000
      Hospitality
      $5,250,000
      Educational
      $4,470,000
      Residential Income
      $5,345,000
      Energy
      $4,305,000
      Income-Based Land
      $5,560,000
      Food Service
      $4,795,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8505
    Latitude
    35.0308
    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
    $28,320
    $2,020,400
    $1,840,600
    $3,861,000
    -
    $2,020,400
    $1,840,600
    $3,861,000

    Comparable in this City

    • Value Estimation by Request
      14,859 SF

      11200 Providence W Rd

      DRUG STORE, PHARMACY • 14,859 SF
      11200 Providence W Rd, Charlotte, NC 28277-1535
      View Details
    • Value Estimation by Request
      10,717 SF

      10730 Ballantyne Cmns Pkwy

      DRUG STORE, PHARMACY • 10,717 SF
      10730 Ballantyne Cmns Pkwy, Charlotte, NC 28277
      View Details
    • Value Estimation by Request
      12,420 SF

      4908 Houston Fld Ct

      DRUG STORE, PHARMACY • 12,420 SF
      4908 Houston Fld Ct, Charlotte, NC 28277-4803
      View Details
    • Value Estimation by Request
      13,386 SF

      9628 Rea Rd

      DRUG STORE, PHARMACY • 13,386 SF
      9628 Rea Rd, Charlotte, NC 28277-6697
      View Details
    • Value Estimation by Request
      10,947 SF

      13845 Conlan Cir

      DRUG STORE, PHARMACY • 10,947 SF
      13845 Conlan Cir, Charlotte, NC 28277-2705
      View Details
    • Value Estimation
      $6,375,000
      9,920 SF

      9216 Ardrey Kell Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,920 SF
      9216 Ardrey Kell Rd, Charlotte, NC 28277-4953
      View Details

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    Similar Nearby for Lease

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      Office and retail spaces for lease in Charlotte, North Carolina.
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    • $25 SF/Yr
      1,302 SF

      Upscale Retail and Office Center

      Retail and office spaces between Rae and Providence Road shopping centers.
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      Retail Space in Ballantyne Area

      Retail space in high-traffic Ballantyne area, near I-485.
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      View Details
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      Retail Space in Ballantyne Center

      Retail space available within a popular mixed-use development.
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      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      1.5k
    • Avg Time on site
      24 min
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    16035 Johnston Rd
    Charlotte, NC 28277-2566
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    Realmo Value Estimation

    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.

    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.

    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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