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

    2023 Beatties Ford Rd Charlotte, NC 28216

    • Strip malls
    • 6,642 SF
    • 0.59 lot acres
    For Lease
    View listing
    $35 SF/Yr
    Last Sale
    Apr 02, 2020
    $1,250,000
    Value Estimations
    $1,340,000
    Cap Rate Potential
    8.5%
    Strip malls
    Location Intelligence
    Property ID
    US53-0854397
    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

    • Archive CLT / Coffee Shop
    • Go Station Charging Station / Electric Vehicle Charging Station
    • Mackins Bridal Boutique / Bridal Shop / Tuxedo Shop
    • Shell Recharge Charging Station / Electric Vehicle Charging Station
    • Chase ATM / Atm

    Property Details for 2023 Beatties Ford Rd

    Year built
    1971
    Lot size
    0.59 lot acres
    Property size
    6,642 SF
    Zone code
    B-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    6912625
    APU
    6912625

    Description

    This single-story, 6,065 square foot Class B building at 2023 Beatties Ford Road in Charlotte, NC, offers a unique investment opportunity. The property, situated on a 0.59-acre lot at a high-visibility corner with 24,000 vehicles passing daily, features five suites in a multi-tenant configuration. Currently, 2,994 square feet are vacant, including a partially built-out (65% complete) 1,605 square foot restaurant space. The building is zoned NC (Neighborhood Center) and enjoys convenient access to I-85 and I-77. Anchored by Chase Bank, this location benefits from its rich history and thriving commercial environment, attracting a diverse range of businesses. Potential uses are plentiful and include medical/dental offices, retail spaces, restaurants, bakeries, and other neighborhood services. The property's prime location and flexible space make it ideal for a variety of tenants seeking high visibility and convenient access. The building is located near Lasalle Street and has a Charlotte, NC zip code of 28216.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,445,000
      ML approach
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,803,000
      Market price range: $967k - $3.00M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,985,000
      Current use
      RETAIL STORES
      $2,100,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8554
    Latitude
    35.2626
    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
    $9,043
    $954,100
    $278,800
    $1,232,900
    -
    $954,100
    $278,800
    $1,232,900

    Comparable in this City

    • Value Estimation
      $25,390,000
      134,925 SF

      9729 Northlake Ctr Pkwy

      SHOPPING CENTER, STRIP CENTER • 134,925 SF
      9729 Northlake Ctr Pkwy, Charlotte, NC 28216-8931
      View Details
    • Value Estimation
      $29,270,000
      719,240 SF

      6445 Northlake Mall Dr

      SHOPPING CENTER, STRIP CENTER • 719,240 SF
      6445 Northlake Mall Dr, Charlotte, NC 28216-1842
      View Details
    • Value Estimation
      $9,500,000
      66,432 SF

      8134 Mt Holly Huntersville Rd

      SHOPPING CENTER, STRIP CENTER • 66,432 SF
      8134 Mt Holly Huntersville Rd, Charlotte, NC 28216-5175
      View Details
    • Value Estimation
      $2,705,000
      22,440 SF

      3409 Brookshire Blvd

      SHOPPING CENTER, STRIP CENTER • 22,440 SF
      3409 Brookshire Blvd, Charlotte, NC 28216-4003
      View Details
    • Value Estimation
      $750,000
      5,653 SF

      2200 Beatties Frd Rd

      SHOPPING CENTER, STRIP CENTER • 5,653 SF
      2200 Beatties Frd Rd, Charlotte, NC 28216-4304
      View Details
    • Value Estimation
      $1,080,000
      5,918 SF

      2020 Beatties Frd Rd

      SHOPPING CENTER, STRIP CENTER • 5,918 SF
      2020 Beatties Frd Rd, Charlotte, NC 28216-4577
      View Details

    Similar Nearby for Sale

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      Multi-tenant office/retail, 9,977 SF, 6% cap rate.
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      Beatties Ford Rd Development Site

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      Established Daycare, High-Demand Area, Ready to Operate
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      Prime Charlotte storefront, high visibility.
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    • $425,000

      Commercial Space on Beatties Ford

      Commercial building suitable for office, retail, or mixed-use purposes.
      1914 Beatties Ford Rd, Charlotte, NC 28216
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      28,800 SF

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      View Details
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      Beatties Ford Road Office Space

      Charlotte NC Office/Retail Opportunity
      2023 Beatties Ford Rd, Charlotte, NC 28216
      View Details
    • Contact for pricing
      42,000 SF

      River's Edge Station: Medical Office

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      Industrial Park with Expansion Potential

      Industrial park with outside storage and parking potential.
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      View Details
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    Charlotte, NC 28216
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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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