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    Property profile & analytics

    1832 University Commercial Pl Charlotte, NC 28213-6450

    • Warehouses
    • 14,105 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1487324
    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

    • Con Tech Systems Ltd / Professional Services

    Property Details for 1832 University Commercial Pl

    Year built
    1981
    Lot size
    1.85 lot acres
    Property size
    14,105 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    9702142
    APU
    9702142

    Description

    This exceptional 14,366-square-foot industrial building, located at 1832 University Commercial Place in Charlotte, North Carolina, presents a compelling investment opportunity. Classified as flex, warehouse, and distribution space, this single-tenant property sits on a 1.92-acre lot in Mecklenburg County (APN: 09702142) and is zoned ML-1. The building boasts impressive ceiling heights ranging from 13'4" to 15'8", facilitating efficient storage and operations. Five dock-high doors and one drive-in door ensure seamless loading and unloading, complemented by ample parking with 15 spaces available. Its strategic location in the University City area offers excellent access to major transportation arteries, including Interstate 85 and Interstate 485, providing convenient connectivity throughout Charlotte and beyond. This property is ideal for businesses seeking a versatile and well-situated industrial space to support their growth and operational needs. The property is available for sale or lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,284,000
      Market price range: $942k - $2.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,570,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7438
    Latitude
    35.2665
    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
    $7,422
    $377,900
    $633,900
    $1,011,800
    -
    $377,900
    $633,900
    $1,011,800

    Comparable in this City

    • Value Estimation
      $905,000
      9,000 SF

      12010 University City Blvd

      WAREHOUSE, STORAGE • 9,000 SF
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      View Details
    • Value Estimation by Request
      960 SF

      5010 Tryon St

      WAREHOUSE, STORAGE • 960 SF
      5010 Tryon St, Charlotte, NC 28213-7036
      View Details
    • Value Estimation
      $3,130,000
      99,794 SF

      10020 John Russell Rd

      WAREHOUSE, STORAGE • 99,794 SF
      10020 John Russell Rd, Charlotte, NC 28213-5208
      View Details
    • Value Estimation
      $4,100,000
      38,650 SF

      Charlotte, NC 28213

      WAREHOUSE, STORAGE • 38,650 SF
      Charlotte, NC 28213
      View Details
    • Value Estimation
      $5,770,000
      62,216 SF

      6115 Hl Cir

      WAREHOUSE, STORAGE • 62,216 SF
      6115 Hl Cir, Charlotte, NC 28213-6200
      View Details
    • Value Estimation by Request
      4,080 SF

      1737 University Commercial Pl

      WAREHOUSE, STORAGE • 4,080 SF
      1737 University Commercial Pl, Charlotte, NC 28213-6444
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Charlotte Commercial Land For Sale

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      Charlotte Commercial Land For Sale

      3.507 acre commercial land parcel in Charlotte, North Carolina.
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    • $1,100,000
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      High-Visibility Charlotte Commercial Lot

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    Similar Nearby for Lease

    • $8 SF/Yr
      155,100 SF

      Industrial Park with Modern Features

      Class-A industrial park in Charlotte with move-in ready suites.
      6830 Orr Rd, Charlotte, NC 28213
      View Details
    • $6 SF/Yr
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      Charlotte Industrial Space For Lease

      ±117,000 SF Warehouse; Prime Location
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    • Contact for pricing
      88,250 SF

      Charlotte Warehouse Space Available

      88,250 SF Warehouse, Multiple Tenants
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      View Details
    • $8 SF/Yr
      125,100 SF

      Industrial Space in North Graham

      Class-A industrial park with modern features and ample storage.
      6900 Orr Rd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      14,366 SF

      Warehouse with Fenced Yard

      14,366 SF warehouse with 1.92-acre fenced yard in Charlotte.
      1832 University Commercial Pl, Charlotte, NC 28213
      View Details
    • $6 SF/Yr
      116,978 SF

      Charlotte Distribution Facility with Trailer Parking

      Industrial facility with ample trailer parking, near I-85.
      6924 Orr Rd, Charlotte, NC 28213
      View Details
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    Charlotte, NC 28213-6450
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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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