Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    227 Southside Dr Charlotte, NC 28217
    Back to Search
    Property profile & analytics

    227 Southside Dr, Charlotte, NC 28217

    View on Map
    • Retail space
    • 46,172 SF
    • 4.01 lot acres
    For Lease
    $10,400,000
    View Listing →
    Retail Space Available For Lease For Lease
    $10,400,000
    34,859 SF

    Retail Space Available For Lease

    Retail property available for lease in Charlotte, North Carolina.

    227 Southside Drive, Charlotte, NC 28217
    View Listing
    Property ID
    US53-0655501
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carolina Browns Backers / Gym & Fitness Center / Sports Field & Court
    • Protagonist Beer - LoSo / Production Facility / Brewery & Distillery
    • US Mech / HVAC Service / General Contractor
    • JE Dunn Construction Co / Construction Company
    • Hawthorn Solar / Solar Energy Company

    Property Details for 227 Southside Dr

    Year built
    1963
    Lot size
    4.01 lot acres
    Zone code
    I2
    Property type
    Retail space
    APN
    14903107
    APU
    14903107

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 8, 2021 — 227 Southside Owner LLC — Deed · related $14.7M · Bank Of America NA
    Dec 30, 2020 $14,500,000 227 Southside Owner LLC Southside Assets LLC Grant Deed $13.1M · Southside Assets LLC
    Sep 30, 2019 — Piedmont Natural Gas Co INC Wingate University Grant Deed —
    Sep 18, 2006 — Southside Assets LLC Byrum Seed Co Deed —
    Jul 11, 1997 — Byrum Seed Company — Deed Of Trust · related $1M · Colonial Financial

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,885,000
      6.5%
      $11,895,000
      7%
      $11,045,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8816
    Latitude
    35.186
    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
    $100,107
    $10,348,900
    $3,299,000
    $13,647,900
    -
    $10,348,900
    $3,299,000
    $13,647,900

    Comparable in this City

    • Value Estimation
      $8,110,000
      40,263 SF

      4021 Rose Lk Dr

      RETAIL STORES (PERSONAL SERVICES)
      4021 Rose Lk Dr, Charlotte, NC 28217-2857
      View Details
    • Value Estimation
      $3,790,000
      25,700 SF

      5130 Ss Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5130 Ss Blvd, Charlotte, NC 28217-2778
      View Details
    • Value Estimation
      $1,065,000
      5,000 SF

      4500 Old Pineville Rd

      RETAIL STORES (PERSONAL SERVICES)
      4500 Old Pineville Rd, Charlotte, NC 28217-1837
      View Details
    • Value Estimation
      $850,000
      6,040 SF

      4835 Ss Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4835 Ss Blvd, Charlotte, NC 28217-2164
      View Details
    • Value Estimation
      $3,735,000
      22,504 SF

      5020 Ss Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5020 Ss Blvd, Charlotte, NC 28217-2700
      View Details
    • Value Estimation
      $1,400,000
      8,080 SF

      7015 Ss Blvd

      RETAIL STORES (PERSONAL SERVICES)
      7015 Ss Blvd, Charlotte, NC 28217-4397
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,330 SF

      LoSo Flex Property For Sale

      8,330 SF flex property in rapidly growing LoSo submarket.
      130 Southside Dr, Charlotte, NC 28217
      View Details
    • Contact for pricing
      6,661 SF

      South End Charlotte Land Parcel

      Land parcel near South End Charlotte available for sale.
      3111 S Tryon St, Charlotte, NC 28217
      View Details
    • New
      Contact for pricing
      2,470 SF

      Turn-Key Gift and Décor Retail Store

      Modern retail space with operational systems and included inventory and FF&E for immediate continued use.
      5330 South Blvd, Charlotte, NC 28217
      View Details
    • Contact for pricing

      LoSo Surfaced Parking Asset

      Surfaced parking asset in LoSo, walkable to Lynx Light rail.
      2051 Establishment Way, Charlotte, NC 28217
      View Details
    • Contact for pricing
      8,748 SF

      Move-in Ready LOSO Office Building

      Stand-alone office building in a rapidly growing area.
      421 Minuet Ln, Charlotte, NC 28217
      View Details
    • $1,550,000
      12,000 SF

      Prime Land in Charlotte Location

      Two lots in a desirable, accessible Charlotte location.
      400 Bowman Rd, Charlotte, NC 28217
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo
      10,454 SF

      Versatile Commercial Space in Charlotte

      High-visibility commercial space suitable for retail, office, or medical use.
      4625 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      1,127 SF

      Retail Space in Madison Park

      Retail space available in rapidly growing Madison Park neighborhood.
      5033 Blvd S, Charlotte, NC 28217
      View Details
    • $1,550 /Mo
      11,761 SF

      Prime Commercial Space Available

      Well-located commercial space ideal for retail, office, or medical use.
      4631 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing

      Land and Warehouse Opportunity

      Land and warehouse available for lease in growing area.
      4413 Yancey Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      7,712 SF

      LoSo Retail/Office/Restaurant Space Available

      Adaptable space in growing LoSo district, ideal for various businesses.
      4516 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      2,598 SF

      Retail Space in Seneca Square

      Retail space in a high-traffic Charlotte shopping center.
      5107 South Blvd, Charlotte, NC 28217
      View Details
    View Listing
    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.
    227 Southside Dr
    Charlotte, NC 28217
    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

    Thank You for Inquiry
    227 Southside Dr, Charlotte, NC, 28217
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!