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

    2737 Moores Park Dr Charlotte, NC 28214

    • Commercial real estate
    • 1.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0851773
    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

    • Commercial real estate

    Property Details for 2737 Moores Park Dr

    Lot size
    1.84 lot acres
    Property type
    Commercial real estate
    APN
    055-353-12

    Description

    This exceptional 1.84-acre commercial land parcel presents a unique investment opportunity in the thriving Charlotte, North Carolina market. Located at 2737 Moores Park Drive, this property boasts a highly desirable N1-A zoning designation, opening doors to a wide range of commercial development possibilities. The expansive lot size provides ample space for various projects, catering to diverse business needs. With its strategic location in Mecklenburg County, this property offers convenient access to major transportation arteries, ensuring seamless connectivity for businesses and employees. The asking price for this exceptional land is $170,000, making it an attractive proposition for investors seeking a strong return on their investment. The property's parcel identification number (PID) is 055-353-12. This prime location, combined with the favorable zoning and competitive price point, makes this 1.84-acre lot an ideal platform for future commercial growth and success in the heart of Charlotte. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is situated in the 28214 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.946915
    Latitude
    35.241994

    Comparable in this City

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    • $129,700
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      Water View Lot in Charlotte

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    • $950,000
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      Charlotte Commercial Land Opportunity

      4.15 Acres, Approved Site Plan, $950,000
      2200 Mountain Park Dr, Charlotte, NC 28214
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    • $800,000
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      Prime Charlotte Commercial Land

      0.75-acre B-2 zoned lot, high-traffic corner.
      11033 Mount Holly Rd, Charlotte, NC 28214
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    • $1,500,000

      ML-2 Industrial Acreage Opportunity

      3.80 acres of ML-2 zoned land with approved plans.
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    Similar Nearby for Sale

    • $2,125,000
      2.15 Acres

      Charlotte Land Assemblage: Prime Hwy 27 Location

      2.15 acres, ML-1 zoning, high traffic area.
      11300 Mount Holly Rd, Charlotte, NC 28214
      View Details
    • $200,000
      2.29 Acres

      Large Lot in Prime Location

      2.29-acre estate parcel ready for custom home or duplex.
      3010 Overbrook Ter, Charlotte, NC 28214
      View Details
    • $129,700
      0.41 Acres

      Water View Lot in Charlotte

      Buildable lot with approved plans and water views.
      5141 Bright Rd, Charlotte, NC 28214
      View Details
    • $950,000
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      Charlotte Commercial Land Opportunity

      4.15 Acres, Approved Site Plan, $950,000
      2200 Mountain Park Dr, Charlotte, NC 28214
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    • $800,000
      0.75 Acres

      Prime Charlotte Commercial Land

      0.75-acre B-2 zoned lot, high-traffic corner.
      11033 Mount Holly Rd, Charlotte, NC 28214
      View Details
    • $2,250,000

      2.33 Acre Commercial Land

      Flat lot near airport and I-85 with commercial potential.
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    Similar Nearby for Lease

    • Contact for pricing

      15.50 Acres Available For Rent

      15.50 acres available for QSR, medical, and retail.
      Mt. Holly Rd & Sonoma Vly Dr, Charlotte, NC 28214
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    • $10,000 /Mo

      Industrial Land with Outdoor Storage

      1.4 acre industrial land with small office for lease.
      6714 Freedom Dr, Charlotte, NC 28214
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      1 SF

      Charlotte Retail Land Opportunity

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    • $6,430 /Mo
      1,550 SF

      Office Building with Storage Lot

      1,550 SF office with fenced storage, near I-85/I-485.
      12017 Moores Chapel Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      155,400 SF

      Charlotte Manufacturing and Logistics Space

      155,400 SF available in master-planned park near I-485.
      Verde Creek Rd, Charlotte, NC 28214
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    • Contact for pricing
      25,000 SF

      Charlotte Shopping Center Space Available

      47,129 SF shopping center with high visibility and parking.
      7917-8001 Moores Chapel Rd, Charlotte, NC 28214
      View Details
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    2737 Moores Park Dr
    Charlotte, NC 28214
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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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