Add Listing
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

    16604 Old Statesville Rd Huntersville, NC 28078-9582

    • Day care centers
    • 11,040 SF
    • 1.33 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2022
    $3,550,000
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5520982
    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

    • The Learning Experience - Huntersville / Daycare Center
    • DCG Construction / Construction Company
    • Stokes Group / Law Firm

    Property Details for 16604 Old Statesville Rd

    Year built
    2013
    Lot size
    1.33 lot acres
    Property size
    11,040 SF
    Zone code
    SP
    Property type
    Day care centers
    APN
    1102105
    APU
    1102105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,560,000
      ML approach
      $3,790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,980,000
      Market price range: $1.60M - $3.51M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $2,520,000
      Current use
      MEDICAL BUILDING
      $3,990,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $3,505,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $3,500,000
      Change: +39% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,185,000
      Change: +27% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8434
    Latitude
    35.4383
    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
    $16,895
    $953,300
    $1,649,500
    $2,602,800
    -
    $953,300
    $1,649,500
    $2,602,800

    Comparable in this City

    • Value Estimation
      $1,755,000
      10,237 SF

      16701 Northcross Dr

      DAY CARE, PRE-SCHOOL • 10,237 SF
      16701 Northcross Dr, Huntersville, NC 28078-5090
      View Details
    • Value Estimation
      $640,000
      3,037 SF

      10012 Sam Furr Rd

      DAY CARE, PRE-SCHOOL • 3,037 SF
      10012 Sam Furr Rd, Huntersville, NC 28078-8220
      View Details
    • Value Estimation by Request
      6,635 SF

      102 Commerce Ctr Dr

      DAY CARE, PRE-SCHOOL • 6,635 SF
      102 Commerce Ctr Dr, Huntersville, NC 28078-5446
      View Details
    • Value Estimation
      $910,000
      13,680 SF

      14016 Boren St

      DAY CARE, PRE-SCHOOL • 13,680 SF
      14016 Boren St, Huntersville, NC 28078-6329
      View Details
    • Value Estimation
      $580,000
      6,352 SF

      10230 Hamptons Park Dr

      DAY CARE, PRE-SCHOOL • 6,352 SF
      10230 Hamptons Park Dr, Huntersville, NC 28078-7229
      View Details
    • Value Estimation
      $605,000
      10,804 SF

      14420 Reese W Blvd

      DAY CARE, PRE-SCHOOL • 10,804 SF
      14420 Reese W Blvd, Huntersville, NC 28078-7912
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Huntersville Church and Land Available

      Church and 16 acres available in Huntersville, North Carolina.
      10600 Asbury Chapel Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      10,354 SF

      Huntersville Multi-Use Property

      10,354 SF, 6.85 Acres, High Visibility
      12340 Mt Holly-Huntersville Rd, Huntersville, NC 28078
      View Details
    • $1,400,000
      0.46 Acres

      Lake Norman Waterfront Land Opportunity

      Rare opportunity to build on Lake Norman waterfront acres.
      14709 Nc Hwy 73, Huntersville, NC 28078
      View Details
    • $990,000
      0.68 Acres

      Huntersville Commercial Lot - High Potential

      Prime Huntersville location, multi-use possibilities.
      305 Huntersville Concord Rd, Huntersville, NC 28078
      View Details
    • $16,950,400
      105.94 Acres

      Huntersville Land Near I-485

      105.94 acres near I-485 and Bryton Town Center.
      11618 Everett Keith Rd, Huntersville, NC 28078
      View Details
    • $300,000
      0.88 Acres

      Huntersville Land For Sale

      Corner lots suitable for mobile homes, church, or similar use.
      11707 Cimmaron Rd, Huntersville, NC 28078
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Huntersville Office Space For Lease

      Office suites or individual offices available in desirable Huntersville location.
      10135 Hickorywood Hill Ave, Huntersville, NC 28078
      View Details
    • Contact for pricing
      325,060 SF

      Huntersville Warehouse Space for Lease

      325,060 SF warehouse space available in Huntersville, North Carolina.
      11230 Everett Keith Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      2,953 SF

      Medical Office Space Available

      Two-story medical office building near Novant Health Huntersville Medical Center.
      9930 Kincey Ave, Huntersville, NC 28078
      View Details
    • Contact for pricing
      8,000 SF

      Huntersville Warehouse with Fenced Yard

      8,000 SF warehouse with fenced yard and office space.
      105 Parr Dr, Huntersville, NC 28078
      View Details
    • Contact for pricing
      2,556 SF

      Regional Shopping Center Retail Space

      Retail space available in a large, open-air shopping center.
      9905 Knockando Ln, Huntersville, NC 28078
      View Details
    • Contact for pricing
      4,018 SF

      Huntersville Medical Office Condo

      Medical office condo in prominent Huntersville location near Novant Hospital.
      15419 Hodges Cir, Huntersville, NC 28078
      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.
    16604 Old Statesville Rd
    Huntersville, NC 28078-9582
    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.
    Sign Up Successful!
    You now have access to more from Realmo!