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 Sugar Crk Rd Charlotte, NC 28262-3173

    • Banks
    • 3,065 SF
    • 1.20 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2020
    $950,000
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0867660
    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

    • Wells Fargo Bank / Bank / Atm
    • Wells Fargo ATM / Atm
    • Wells Fargo Advisors / Investment Service

    Property Details for 2610 Sugar Crk Rd

    Year built
    1971
    Lot size
    1.20 lot acres
    Property size
    3,065 SF
    Zone code
    B-1
    Property type
    Banks
    APN
    4704105
    APU
    4704105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,075,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,067,000
      Market price range: $741k - $2.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7998
    Latitude
    35.2986
    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
    $7,338
    $657,900
    $342,500
    $1,000,400
    -
    $657,900
    $342,500
    $1,000,400

    Comparable in this City

    • Value Estimation
      $535,000
      8,556 SF

      8551 Tryon St

      FINANCIAL BUILDING • 8,556 SF
      8551 Tryon St, Charlotte, NC 28262-3420
      View Details
    • Value Estimation
      $330,000
      3,828 SF

      8121 Mallard Crk Rd

      FINANCIAL BUILDING • 3,828 SF
      8121 Mallard Crk Rd, Charlotte, NC 28262-2238
      View Details
    • Value Estimation
      $465,000
      3,850 SF

      8300 Medical Plz Dr

      FINANCIAL BUILDING • 3,850 SF
      8300 Medical Plz Dr, Charlotte, NC 28262-6700
      View Details
    • Value Estimation
      $385,000
      5,282 SF

      8700 J M Keynes Dr

      FINANCIAL BUILDING • 5,282 SF
      8700 J M Keynes Dr, Charlotte, NC 28262-8427
      View Details
    • Value Estimation
      $670,000
      11,997 SF

      1835 Ww T Harris Blvd

      FINANCIAL BUILDING • 11,997 SF
      1835 Ww T Harris Blvd, Charlotte, NC 28262-8528
      View Details
    • Value Estimation
      $405,000
      5,114 SF

      8601 J M Keynes Dr

      FINANCIAL BUILDING • 5,114 SF
      8601 J M Keynes Dr, Charlotte, NC 28262-8425
      View Details

    Similar Nearby for Sale

    • $494,200
      1,250 SF

      Retail Property in Charlotte, NC

      Retail property available for sale in Charlotte, North Carolina.
      10230 Berkeley Place Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing
      8.95 Acres

      Charlotte Commercial Land Opportunity

      8.95 Acres Near Motor Speedway
      000 Floyd Smith Office Park Dr, Charlotte, NC 28262
      View Details
    • $1,200,000
      2.94 Acres

      Charlotte Land Development Opportunity

      2.94 acre multi-family development site with I-485 visibility.
      449 Lawrence Gray Rd, Charlotte, NC 28262
      View Details
    • $300,000

      Vacant Land Near UNC-Charlotte

      1.40 acre vacant land development opportunity near UNC-Charlotte.
      765 E Mallard Creek Church Rd, Charlotte, NC 28262
      View Details
    • $105,000
      0.49 Acres

      Residential Land Near Entertainment Hubs

      Nearly half-acre lot near I-485, entertainment, shopping, and dining.
      11206 Mallard Crossing Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing
      17.00 Acres

      17-Acre Commercial Land, Charlotte NC

      Prime Charlotte location, mixed-use potential.
      12440 Tryon St, Charlotte, NC 28262
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      48,787 SF

      University City Office/Retail Building

      Two-story building in Charlotte with flexible suite options.
      7925 N Tryon St, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Freestanding Retail Space Available

      Prime retail space near University Place, available February 2026.
      8701 Jw Clay Blvd, Charlotte, NC 28262
      View Details
    • Contact for pricing
      16,000 SF

      Resource Square Medical Office Space

      Charlotte medical office suites, prime location.
      0 Charlotte Nc, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail Center Anchored by Trader Joe's

      Neighborhood retail center anchored by Trader Joe's for lease.
      1820 E Arbors Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing
      3,863 SF

      Freestanding Building with Drive-Thru

      3,863 SF freestanding building with drive-thru on 1.75 acres.
      9630 S Tryon St, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail Center Near University Area

      Regional retail center with high visibility and transit access.
      8960 J M Keynes Dr, Charlotte, NC 28262
      View Details

    Property Visit Statistics

    • Visits by month
      10.2k
    • Visitors by month
      6.9k
    • Avg Time on site
      7 min
    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 Sugar Crk Rd
    Charlotte, NC 28262-3173
    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.