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

    2173 Smith Harbour Dr Denver, NC 28037

    • Office buildings
    • 2,448 SF
    • 0.76 lot acres
    For Sale
    View listing
    $1,265,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3427113
    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 Treadstone Group, Inc. / Attorney / Private Investigator
    • Fit Realty, LLC / Real Estate Agency

    Property Details for 2173 Smith Harbour Dr

    Year built
    2014
    Lot size
    0.76 lot acres
    Property size
    2,448 SF
    Zone code
    ELDD PD-MU
    Property type
    Office buildings
    APN
    75971
    APU
    75971

    Description

    This exquisite 2,467 sq ft office building, situated on a 0.75-acre lot at 2173 Smith Harbour Drive in Denver, NC, presents a unique investment opportunity. Located on Business Hwy 16 at the entrance to the upscale Smithstone community, this property boasts a serene atmosphere with lush landscaping, a striking stone fireplace, and a natural wood ceiling. The spacious main hall is ideal for a welcoming lobby or client entertainment. An executive office includes a private bathroom and patio access featuring a fire boulder. Four additional junior offices, a conference room, two bathrooms, a kitchenette, and ample storage are also included. Currently offering seven parking spaces, the property allows for expansion with six additional spaces and the potential to add a separate office with its own entrance. Meticulously maintained grounds complement the building's charm. Currently utilized as a real estate office, this versatile space is well-suited for various professional uses, including law firms, accounting offices, dental practices, or counseling services (subject to local zoning regulations). County water and sewer services are available. Priced at $1,595,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $293,000
      Market price range: $188k - $294k
      AI Estimate
      $244,000
      Market price range: $89.3k - $244k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $225,000
      Current use
      COMMERCIAL (GENERAL)
      $265,000
      Change: +17% Conversion: Easy
      RETAIL STORES
      $210,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Lincoln
    State
    North Carolina
    Longitude
    -80.9941
    Latitude
    35.4846
    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
    $5,819
    $312,262
    $635,317
    $947,579
    -
    $312,262
    $635,317
    $947,579

    Comparable in this City

    • Value Estimation
      $770,000
      3,843 SF

      6844 Shl Crk Dr

      OFFICE BUILDING • 3,843 SF
      6844 Shl Crk Dr, Denver, NC 28037-9263
      View Details
    • Value Estimation by Request
      1,250 SF

      4451 Nc 16th Business Hwy

      OFFICE BUILDING • 1,250 SF
      4451 Nc 16th Business Hwy, Denver, NC 28037-6777
      View Details
    • Value Estimation
      $215,000
      10,250 SF

      7803 Commerce Dr

      OFFICE BUILDING • 10,250 SF
      7803 Commerce Dr, Denver, NC 28037-9101
      View Details
    • Value Estimation
      $225,000
      2,610 SF

      150 Nc Hwy

      OFFICE BUILDING • 2,610 SF
      150 Nc Hwy, Denver, NC 28037
      View Details
    • Value Estimation
      $255,000
      3,328 SF

      150 Nc Hwy

      OFFICE BUILDING • 3,328 SF
      150 Nc Hwy, Denver, NC 28037
      View Details
    • Value Estimation
      $220,000
      2,265 SF

      3674 Nc 16th Business Hwy

      OFFICE BUILDING • 2,265 SF
      3674 Nc 16th Business Hwy, Denver, NC 28037-8268
      View Details

    Similar Nearby for Sale

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    • $1,265,000
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      Unique Office Space with Rustic Elegance

      One-of-a-kind office space designed for client entertainment and general business.
      2173 Smith Harbour Dr, Denver, NC 28037
      View Details
    • $1,600,000
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    • Contact for pricing
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      16.74 Acres, Prime Commercial Location
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    Similar Nearby for Lease

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    • Contact for pricing
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      View Details
    • Contact for pricing

      Retail Space in Denver, NC

      Retail space available near major retailers in Denver, North Carolina.
      Denver, NC 28037
      View Details
    • $1.34 SF/Yr
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      Denver, NC: Prime Retail Opportunity
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      View Details
    • $14 SF/Yr
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      View Details
    • $10 SF/Yr
      4,400 SF

      4,400 SF Industrial Unit

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      View Details
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    Denver, NC 28037
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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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