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

    2610 7th St Charlotte, NC 28204-4375

    • Office Properties & Spaces
    • 5,276 SF
    • 7.03 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2023
    $2,817,000
    Value Estimations
    $2,910,000
    Show details
    Cap Rate Potential
    3%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US53-5320943
    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

    • Rehab Center Inc: O'Malley W Brian PHD / Physician / Medical Clinic
    • The Rehab Center Inc / Rehabilitation Center / Medical Clinic
    • Thomas K. Carlton III, MD / Physician / Medical Clinic
    • John F. Riley, PhD / Physician / Medical Clinic
    • Baddigam Latha MD / Physician

    Property Details for 2610 7th St

    Year built
    1986
    Lot size
    7.03 lot acres
    Property size
    5,276 SF
    Zone code
    O6CD
    Property type
    Office Properties & Spaces
    APN
    12712307
    APU
    12712307

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,870,000
      ML approach
      $3,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,996,000
      Market price range: $1.63M - $3.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,365,000
      Current use
      COMMERCIAL (GENERAL)
      $3,645,000
      Change: +54% Conversion: Easy
      RESTAURANT
      $3,370,000
      Change: +43% Conversion: Moderate
      MEDICAL BUILDING
      $2,125,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8104
    Latitude
    35.2044
    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
    $9,948
    $0.00
    $1,356,200
    $1,356,200
    -
    $0.00
    $1,356,200
    $1,356,200

    Comparable in this City

    • Value Estimation by Request
      512,500 SF

      3Rd St

      Restaurants • 512,500 SF
      0 3Rd St, Charlotte, NC 28204
      View Details
    • Value Estimation by Request
      1.10 Acres

      1125 Morehead St, Unit 3

      CONDOMINIUM OFFICES • 1.10 Acres
      1125 Morehead St, Charlotte, NC 28204-2885
      View Details
    • Value Estimation by Request
      670 SF

      1501 7th St Ste, Unit 6

      CONDOMINIUM OFFICES • 670 SF
      1501 7th St Ste, Charlotte, NC 28204-2455
      View Details
    • Value Estimation by Request
      727 SF

      408 Beaumont Ave Ste A

      CONDOMINIUM OFFICES • 727 SF
      408 Beaumont Ave Ste A, Charlotte, NC 28204-2389
      View Details
    • Value Estimation by Request
      727 SF

      410 Beaumont Ave

      CONDOMINIUM OFFICES • 727 SF
      410 Beaumont Ave, Charlotte, NC 28204
      View Details
    • Value Estimation by Request
      974 SF

      130 Mcdowell St Ste B

      CONDOMINIUM OFFICES • 974 SF
      130 Mcdowell St Ste B, Charlotte, NC 28204-2268
      View Details

    Similar Nearby for Sale

    • $2,900,000
      6,214 SF

      Charlotte Office Condo - Myers Park

      Prime Office Condo, 6,214 SF, $2.9M
      200 Queens Rd, Charlotte, NC 28204
      View Details
    • $2,300,000

      Midtown Corner Lot Building

      One-story building in Midtown's medical corridor, suitable for various uses.
      301 N Caswell Rd, Charlotte, NC 28204
      View Details
    • $510,000

      Renovated Townhome in Historic Cherry

      Move-in ready townhome near Queen's University and medical centers.
      222-50 S Torrence St, Charlotte, NC 28204
      View Details
    • $2,590,000
      8,572 SF

      Microbrewery and Taproom Opportunity

      Microbrewery and taproom for sale near Uptown Charlotte.
      1426 E 4Th St, Charlotte, NC 28204
      View Details
    • $2,500,000
      6,226 SF

      Midtown Charlotte Commercial Building

      Prime Location, 6226 SF, Three Suites
      301 Caswell Rd, Charlotte, NC 28204
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      69,726 SF

      Sugar Mill: Plaza Midwood Spaces

      Historic Plaza Midwood retail & restaurant spaces.
      933 Louise Ave, Charlotte, NC 28204
      View Details
    • Contact for pricing
      10,040 SF

      Cavalaris Village Executive Office Space

      Upscale Charlotte office, 2,675 sq ft available.
      911 Morehead St, Charlotte, NC 28204
      View Details
    • $545 /Mo
      233 SF

      Office Suites Near Uptown Charlotte

      Centrally located office suites near hospitals and major routes.
      1850 E 3Rd St, Charlotte, NC 28204
      View Details
    • $49 SF/Yr
      988 SF

      Newly Delivered Office Spec Suite

      First floor office space with flexible layout for rent.
      1213 W Morehead St, Charlotte, NC 28204
      View Details
    • $33 SF/Yr
      1,490 SF

      Dilworth Office Suite For Lease

      High-visibility office suite in the heart of Dilworth.
      1100 Kenilworth Ave, Charlotte, NC 28204
      View Details
    • $33 SF/Yr

      Flexible Office Space in Charlotte

      Move-in ready office space near Uptown Charlotte with parking.
      1130 Harding Pl, Charlotte, NC 28204
      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.
    2610 7th St
    Charlotte, NC 28204-4375
    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.