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

    204 Polk St Pineville, NC 28134

    • Retail space
    • 7,984 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2020
    $1,725,000
    Value Estimations
    $1,870,000
    Show details
    Cap Rate Potential
    4.9%
    Retail space
    Location Intelligence
    Property ID
    US53-0956048
    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

    • Autobell Car Wash / Car Wash

    Property Details for 204 Polk St

    Year built
    1985
    Lot size
    0.88 lot acres
    Property size
    7,984 SF
    Zone code
    B3
    Property type
    Retail space
    APN
    20709321
    APU
    20709321

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,975,000
      ML approach
      $2,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,630,000
      6.5%
      $1,505,000
      7%
      $1,395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,897,000
      Market price range: $1.34M - $4.37M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,535,000
      Current use
      MEDICAL BUILDING
      $2,885,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $2,825,000
      Change: +12% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,305,000
      Change: -9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,190,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pineville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8861
    Latitude
    35.0866
    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
    $8,961
    $756,100
    $425,900
    $1,182,000
    -
    $756,100
    $425,900
    $1,182,000

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      9105 Pineville-Matthews Rd

      Lifestyle centers • 4,000 SF
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    • Value Estimation
      $790,000
      43,676 SF

      10405 Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 43,676 SF
      10405 Park Rd, Pineville, NC 28134
      View Details
    • Value Estimation
      $710,000
      32,860 SF

      11729 Carolina Pl Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 32,860 SF
      11729 Carolina Pl Pkwy, Pineville, NC 28134-8819
      View Details
    • Value Estimation
      $285,000
      1,290 SF

      318 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,290 SF
      318 Main St, Pineville, NC 28134
      View Details
    • Value Estimation
      $485,000
      2,322 SF

      320 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,322 SF
      320 Main St, Pineville, NC 28134
      View Details
    • Value Estimation
      $435,000
      9,958 SF

      11235 Carolina Pl Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 9,958 SF
      11235 Carolina Pl Pkwy, Pineville, NC 28134-6426
      View Details

    Similar Nearby for Sale

    • $1,000,000
      1.82 Acres

      Prime Pineville Commercial Land

      1.82 Acres, Excellent Location
      200 Polk St, Pineville, NC 28134
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    • $1,000,000

      Pineville Land Parcel For Sale

      Land parcel near downtown Pineville, suitable for various developments.
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      Land available near Carolina Place Mall in Pineville, North Carolina.
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      Land for Multifamily/Retail Development

      1.822 acres ideal for multifamily, medical, or retail.
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    • $12,750,000
      2.50 Acres

      New Warehouse with I-485 Frontage

      New construction warehouse with unmatched visibility and accessibility in Pineville.
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    • New
      $50,000
      Pending

      Land in 55+ Community

      Rare opportunity to build in established 55+ community.
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    Similar Nearby for Lease

    • Contact for pricing
      6,240 SF

      Pineville Retail/Medical Space Available

      Retail/medical space available across from Atrium Health Pineville medical campus.
      9101 Pineville Matthews Rd, Pineville, NC 28134
      View Details
    • $25 SF/Yr
      2,520 SF

      Retail Space in Pineville, NC

      Retail space with showroom, storage, and high visibility.
      11523 Carolina Place Pkwy, Pineville, NC 28134
      View Details
    • Contact for pricing
      2,672 SF

      Prime Pineville Retail Space

      2,672 SF Retail Building, 0.48 Acres
      597 Polk St, Pineville, NC 28134
      View Details
    • Contact for pricing
      83,526 SF

      Pineville Towne Market Retail Space

      Prime Retail Space, Pineville, NC
      317 Polk St, Pineville, NC 28134
      View Details
    • Contact for pricing
      50,000 SF

      Terraces Medical Plaza: Pineville, NC

      Class A Medical Office Space Available
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      View Details
    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Second-generation restaurant with drive-thru in Pineville, North Carolina.
      Pineville, NC 28134
      View Details
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    204 Polk St
    Pineville, NC 28134
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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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