Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2415 Carmine St Charlotte, NC 28206-1023

    • Garden apartment buildings
    • 2,964 SF
    • 0.77 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2022
    $8,500,000
    Value Estimations
    $8,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2172604
    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

    • Garden apartment buildings

    Property Details for 2415 Carmine St

    Year built
    1963
    Lot size
    0.77 lot acres
    Property size
    2,964 SF
    Zone code
    R22MF
    Property type
    Garden apartment buildings
    APN
    7705105
    APU
    7705105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,760,000
      ML approach
      $8,865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8409
    Latitude
    35.266
    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
    $4,574
    $194,900
    $428,700
    $623,600
    -
    $194,900
    $428,700
    $623,600

    Comparable in this City

    • Value Estimation
      $595,000
      9,352 SF

      441 Craighead Rd

      GARDEN APT, COURT APT (5+ UNITS) • 9,352 SF
      441 Craighead Rd, Charlotte, NC 28206-3789
      View Details
    • Value Estimation
      $3,060,000
      5,376 SF

      2407 Julia Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,376 SF
      2407 Julia Ave, Charlotte, NC 28206-1125
      View Details
    • Value Estimation
      $8,760,000
      4,420 SF

      2445 Julia Ave

      GARDEN APT, COURT APT (5+ UNITS) • 4,420 SF
      2445 Julia Ave, Charlotte, NC 28206-1124
      View Details
    • Value Estimation
      $700,000
      6,994 SF

      225 Hilo Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,994 SF
      225 Hilo Dr, Charlotte, NC 28206-4933
      View Details
    • Value Estimation
      $400,000
      6,994 SF

      3522 Frew Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,994 SF
      3522 Frew Rd, Charlotte, NC 28206-5031
      View Details
    • Value Estimation
      $245,000
      6,438 SF

      525 Dare Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,438 SF
      525 Dare Dr, Charlotte, NC 28206-1746
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dynamic Urban Redevelopment Opportunity

      76-acre mixed-use development with office, retail, and multifamily spaces.
      Cp North End, Charlotte, NC 28206
      View Details
    • $1,095,000
      0.83 Acres

      New Construction Triplex in Charlotte

      Modern triplex near amenities and transportation in a growing location.
      4428 Northaven Dr, Charlotte, NC 28206
      View Details
    • $439,900
      0.17 Acres

      Charlotte Land For Multi-Family Development

      Land in Belmont/Optimist Park area, suitable for multi-family development.
      1138 Alexander St N, Charlotte, NC 28206
      View Details
    • $1,479,800
      0.20 Acres

      Versatile Duplex Near Camp North End

      Configurable duplex with rental potential near urban amenities.
      209 Keswick Ave, Charlotte, NC 28206
      View Details
    • Contact for pricing
      5.63 Acres

      Charlotte Land: 5.6 Acres

      Prime North End development opportunity.
      227 Atando Ave, Charlotte, NC 28206
      View Details
    • $505,900
      1,786 SF

      Charlotte Townhome Near Uptown

      Townhome near Uptown Charlotte with rooftop terrace and modern finishes.
      1615 Polk St, Charlotte, NC 28206
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      115,977 SF

      Atando Center: Charlotte Flex Space

      Industrial flex space, 45 suites available.
      635-801 Atando Ave, Charlotte, NC 28206
      View Details
    • Contact for pricing
      12,250 SF

      Industrial Space Near Uptown Charlotte

      Industrial property with convenient access to major thoroughfares and airport.
      200 Dalton Ave, Charlotte, NC 28206
      View Details
    • Contact for pricing

      Prime Land in NoDa District

      4.2-acre parcel in Charlotte's NoDa Arts District.
      | N Tryon St, Charlotte, NC 28206
      View Details
    • $12 SF/Yr
      5,250 SF

      Warehouse Space with Office

      5,250 SF warehouse with office space for lease.
      635 Atando Ave, Charlotte, NC 28206
      View Details
    • Contact for pricing
      4,860 SF

      Flex Space Available For Rent

      4,860 SF flex space with office and dock.
      1920 Starita Rd, Charlotte, NC 28206
      View Details
    • Contact for pricing
      11,200 SF

      North End Charlotte Office Space

      11,200 SF Office Building, Renovated 2025
      2417 Tryon St, Charlotte, NC 28206
      View Details
    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.
    2415 Carmine St
    Charlotte, NC 28206-1023
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.