Sign Up Successful!
You now have access to more from Realmo!
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

    17220 Northcross Dr Huntersville, NC 28078-5064

    • Medical offices
    • 26,110 SF
    • 4.09 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2020
    $6,250,000
    Value Estimations
    $6,530,000
    Show details
    Cap Rate Potential
    5.1%
    Medical offices
    Location Intelligence
    Property ID
    US53-5638456
    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

    • Beth Ann Jayne / Pediatrician / Medical Clinic
    • Dr. Emily Kingsley / Pediatrician / Medical Clinic

    Property Details for 17220 Northcross Dr

    Year built
    2009
    Lot size
    4.09 lot acres
    Property size
    26,110 SF
    Zone code
    CB(CD)
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    505203
    APU
    505203

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,165,000
      ML approach
      $7,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,060,000
      6.5%
      $5,595,000
      7%
      $5,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,919,000
      Market price range: $6.10M - $13.2M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $9,440,000
      Current use
      RETAIL STORES
      $8,285,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $8,275,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8711
    Latitude
    35.449
    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
    $40,616
    $2,065,100
    $4,192,200
    $6,257,300
    -
    $2,065,100
    $4,192,200
    $6,257,300

    Comparable in this City

    • Value Estimation by Request
      16,970 SF

      13539 Reese W Blvd

      MEDICAL BUILDING • 16,970 SF
      13539 Reese W Blvd, Huntersville, NC 28078-7961
      View Details
    • Value Estimation
      $8,250,000
      19,910 SF

      Huntersville, NC 28078

      MEDICAL BUILDING • 19,910 SF
      Huntersville, NC 28078
      View Details
    • Value Estimation by Request
      12,548 SF

      10137 Harris Rd

      MEDICAL BUILDING • 12,548 SF
      10137 Harris Rd, Huntersville, NC 28078-7691
      View Details
    • Value Estimation
      $8,000,000
      33,302 SF

      16525 Holly Crst Ln

      MEDICAL BUILDING • 33,302 SF
      16525 Holly Crst Ln, Huntersville, NC 28078-4909
      View Details
    • Value Estimation
      $1,295,000
      7,426 SF

      9607 Kincey Ave

      MEDICAL BUILDING • 7,426 SF
      9607 Kincey Ave, Huntersville, NC 28078-9140
      View Details
    • Value Estimation
      $1,095,000
      6,672 SF

      131 Marguerite Ln

      MEDICAL BUILDING • 6,672 SF
      131 Marguerite Ln, Huntersville, NC 28078-5431
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Medical Office Condo Near Hospital

      Well-appointed medical office condo near Novant Health Huntersville Medical Center.
      403 Gilead Rd, Huntersville, NC 28078
      View Details
    • $699,000
      2,700 SF

      Huntersville Medical Office Near I-77

      Medical office building with ample parking and natural light.
      403 Gilead Rd, Huntersville, NC 28078
      View Details
    • $1,750,000
      2.93 Acres

      Huntersville Land Near I-485

      Commercial land in rapidly growing area near I-485 and Northlake Mall.
      9003 Beatties Ford Rd, Huntersville, NC 28078
      View Details
    • $750,000
      0.73 Acres

      Huntersville Land Near Retail Hub

      Corner lot near retail, ideal for commercial development with rezoning.
      9007 Beatties Ford Rd, Huntersville, NC 28078
      View Details
    • $899,000
      1,549 SF

      Huntersville Office Condo For Sale

      Class A Office, 1549 SF, Vacant
      403 Gilead Rd, Huntersville, NC 28078
      View Details
    • $306,300
      0.88 Acres

      Huntersville Land Near Retail Hub

      0.88 acre commercial land near major retailers and residential developments.
      7932 Hedrick Cir, Huntersville, NC 28078
      View Details

    Similar Nearby for Lease

    • $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
    • $28 SF/Yr
      1,440 SF

      Huntersville Medical/Office Space Available

      Class A medical/office space for lease near hospitals.
      15810 Northcross Dr, Huntersville, NC 28078
      View Details
    • Contact for pricing
      10,010 SF

      Huntersville Office Space For Rent

      Office space available at Huntersville Market.
      Eastfield Rd, Huntersville, NC 28078
      View Details
    • $35 SF/Yr
      1,640 SF

      Medical Office Space Available

      Class A medical office space near Novant Medical campus.
      14330 Oakhill Park Ln, Huntersville, NC 28078
      View Details
    • $37 SF/Yr
      9,206 SF

      Medical Outpatient Building For Rent

      Modern medical outpatient building near Novant Health, Huntersville, NC.
      13620 E Reese Blvd, Huntersville, NC 28078
      View Details
    • $29 SF/Yr
      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.
    17220 Northcross Dr
    Huntersville, NC 28078-5064
    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.