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

    3020 Milton Rd Charlotte, NC 28215-5524

    • Retail space
    • 6,477 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0469115
    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

    • UPS Access Point location / Courier Service / Postal Service
    • Advance Auto Parts / Auto Parts Store
    • Texas Tacos 🌮 / Restaurant

    Property Details for 3020 Milton Rd

    Year built
    2002
    Lot size
    1.85 lot acres
    Property size
    6,477 SF
    Zone code
    I-1
    Property type
    Retail space
    APN
    9922113
    APU
    9922113

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,805,000
      6.5%
      $1,670,000
      7%
      $1,550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $778,000
      Market price range: $208k - $1.02M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,935,000
      AUTO REPAIR, GARAGE
      $1,690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7396
    Latitude
    35.2364
    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
    $11,418
    $1,556,600
    $100
    $1,556,700
    -
    $1,556,600
    $100
    $1,556,700

    Comparable in this City

    • Value Estimation
      $840,000
      3,750 SF

      1915 Milton Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,750 SF
      1915 Milton Rd, Charlotte, NC 28215-2480
      View Details
    • Value Estimation by Request
      2,490 SF

      5726 Susan Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,490 SF
      5726 Susan Dr, Charlotte, NC 28215
      View Details
    • Value Estimation
      $540,000
      2,110 SF

      6035 The Plz

      RETAIL STORES (PERSONAL SERVICES) • 2,110 SF
      6035 The Plz, Charlotte, NC 28215-2449
      View Details
    • Value Estimation by Request
      2,800 SF

      5732 Susan Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      5732 Susan Dr, Charlotte, NC 28215-4489
      View Details
    • Value Estimation
      $4,135,000
      28,800 SF

      5727 Sharon Amity Rd

      RETAIL STORES (PERSONAL SERVICES) • 28,800 SF
      5727 Sharon Amity Rd, Charlotte, NC 28215-4060
      View Details
    • Value Estimation
      $745,000
      3,116 SF

      1800 Milton Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,116 SF
      1800 Milton Rd, Charlotte, NC 28215
      View Details

    Similar Nearby for Sale

    • $3,523,361
      12,608 SF

      Charlotte CVS Pharmacy Investment

      High-yield CVS Pharmacy, strong tenant.
      6110 Theplaza, Charlotte, NC 28215
      View Details
    • $949,000
      5,177 SF

      Corner Retail Building For Sale

      Well-maintained retail building on a prominent corner location.
      6916 Harrisburg Rd, Charlotte, NC 28215
      View Details
    • $3,523,361
      12,608 SF

      Charlotte CVS Pharmacy Investment

      High-yield, net-leased CVS pharmacy.
      1801 Milton Rd, Charlotte, NC 28215
      View Details
    • $625,000
      2,389 SF

      Charlotte Daycare Center for Sale

      Turnkey Daycare, East Charlotte, NC
      5950 The Plz, Charlotte, NC 28215
      View Details
    • $2,000,000
      1.50 Acres

      Charlotte Retail Land Opportunity

      Prime 1.5-acre site, build-to-suit potential.
      @ 485 Rocky River Rd, Charlotte, NC 28215
      View Details
    • $3,310,000
      6.62 Acres

      Prime Charlotte Residential Land

      6.62 Acres, Excellent Location
      7420 The Plz, Charlotte, NC 28215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

      Retail Space Near Harris Teeter

      Retail property with excellent connectivity and high-traffic location.
      9810 Rocky River Rd, Charlotte, NC 28215
      View Details
    • $18 SF/Yr
      182,362 SF

      East Town Market Office Space For Lease

      Prime East Charlotte Office & Retail
      5820 W T Harris Blvd, Charlotte, NC 28215
      View Details
    • Contact for pricing
      15,000 SF

      I-485 Medical Office Opportunity

      15,000 SF Medical Office Building, Two Suites Available
      @ 485 Plz Rd / Rocky Riv Rd, Charlotte, NC 28215
      View Details
    • Contact for pricing

      Food Lion Anchored Retail Center

      42,000 SF retail center with interstate visibility.
      8010 Cambridge Cmns Dr, Charlotte, NC 28215
      View Details
    • Contact for pricing
      280,200 SF

      Orr Rd Business Center: Charlotte, NC

      Class-A Industrial Space: Flexible layouts, prime location.
      6830 Orr Rd, Charlotte, NC 28215
      View Details
    • $14 SF/Yr
      110,017 SF

      Charlotte Flex Space Available

      Modern Flex Space in East Charlotte, NC
      6600 W.t. Harris Blvd, Charlotte, NC 28215
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.4k
    • Avg Time on site
      14 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.
    3020 Milton Rd
    Charlotte, NC 28215-5524
    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.