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

    2501 Sardis N Rd Charlotte, NC 28227-7724

    • Motels
    • 39,513 SF
    • 2.12 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2025
    $7,200,000
    Value Estimations
    $7,470,000
    Show details
    Cap Rate Potential
    2.7%
    Motels
    Location Intelligence
    Property ID
    US53-0357341
    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 Independence Inn - Charlotte/Matthews / Hotel
    • Crown Point Plaza / Shopping Mall
    • KPRO Insurance / Insurance Agency

    Property Details for 2501 Sardis N Rd

    Year built
    1988
    Lot size
    2.12 lot acres
    Property size
    39,513 SF
    Zone code
    B-1SCD
    Property type
    Motels
    APN
    19311202
    APU
    19311202

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,865,000
      ML approach
      $7,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,275,000
      Market price range: $4.34M - $8.77M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,090,000
      Current use
      RETAIL STORES
      $12,800,000
      Change: +110% Conversion: Difficult
      OFFICE BUILDING
      $12,420,000
      Change: +104% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $11,810,000
      Change: +94% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7261
    Latitude
    35.1467
    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
    $44,950
    $2,889,400
    $3,238,700
    $6,128,100
    -
    $2,889,400
    $3,238,700
    $6,128,100

    Comparable in this City

    • Value Estimation
      $1,435,000
      43,536 SF

      8530 Independence Blvd

      MOTEL • 43,536 SF
      8530 Independence Blvd, Charlotte, NC 28227-7783
      View Details
    • Value Estimation
      $740,000
      38,532 SF

      7135 Albemarle Rd

      MOTEL • 38,532 SF
      7135 Albemarle Rd, Charlotte, NC 28227-8126
      View Details
    • Value Estimation
      $890,000
      56,696 SF

      8540 Independence Blvd

      HOTEL • 56,696 SF
      8540 Independence Blvd, Charlotte, NC 28227-7783
      View Details
    • Value Estimation by Request
      43,621 SF

      7520 Independence Blvd

      Office space • 43,621 SF
      7520 Independence Blvd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      39.60 Acres

      10421 Arlington Church Rd

      Land • 39.60 Acres
      10421 Arlington Church Rd, Mint Hill, NC 28227
      View Details
    • Value Estimation by Request

      12330 Albemarle Rd

      Land
      12330 Albemarle Rd, Mint Hill, NC 28227
      View Details

    Similar Nearby for Sale

    • $250,000
      899 SF

      Prime Matthews Office Suite

      Spacious office, ideal location, great amenities.
      2101 Sardis Rd, Charlotte, NC 28227
      View Details
    • $2,150,000
      3.22 Acres

      Mint Hill Commercial Opportunity

      3.22 acres in downtown Mint Hill with two buildings.
      7701 Matthews Mint Hill Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Residential Land in Mint Hill

      Residential land available in Mint Hill, Mecklenburg County.
      9400-9708 Blair Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Crown Point Corporate Park Land

      Land in mixed-use development, close to major roads.
      2224 Coronation Blvd, Charlotte, NC 28227
      View Details
    • $425,000
      2.17 Acres

      Residential Land in Mint Hill Estates

      2.171-acre residential land in a peaceful, convenient location.
      11925 Brief Rd, Charlotte, NC 28227
      View Details
    • Contact for pricing
      59.84 Acres

      Prime Mint Hill Commercial Land

      59.84 Acres, R-zoned, Investment Opportunity
      9400 Blair Rd, Mint Hill, NC 28227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      139,361 SF

      Independence Square Retail Space

      Charlotte, NC retail space available.
      7323 Independence Blvd, Charlotte, NC 28227
      View Details
    • $2,095 /Mo

      Mint Hill Townhome with Garage

      Three-bedroom, two-and-a-half-bath townhome near Downtown Mint Hill.
      7043 Brighton Park Dr, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Land for Lease or Build

      Approximately 1.990 AC available for ground lease or build to suit.
      11871 Albemarle Rd, Charlotte, NC 28227
      View Details
    • $3,000,000
      12,464 SF

      Crown Point Retail/Flex Opportunity

      Retail/flex space in mixed-use development, convenient location.
      2200 Crown Centre Dr, Charlotte, NC 28227
      View Details
    • $22 SF/Yr
      22,399 SF

      Creekside Greenway Office Space

      Charlotte Office Park: Modern Suites Available
      7508 Independence Blvd, Charlotte, NC 28227
      View Details
    • $22 SF/Yr
      16,540 SF

      Creekside Greenway Office Park

      Charlotte Office Space, Newly Renovated
      7512 Independence Blvd, Charlotte, NC 28227
      View Details

    Property Visit Statistics

    • Visits by month
      4.9k
    • Visitors by month
      834
    • Avg Time on site
      489 min
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    Charlotte, NC 28227-7724
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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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