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

    315 Polk St Pineville, NC 28134

    • Warehouses
    • 28,840 SF
    • 6.10 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2022
    $3,350,000
    Value Estimations
    $3,505,000
    Show details
    Cap Rate Potential
    5.8%
    Warehouses
    Location Intelligence
    Property ID
    US53-0858262
    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

    • China Express / Chinese Restaurant / Delivery Restaurant
    • The Pineville Gun Shop / Gun Shop
    • Pineville Towne Market / Shopping Mall
    • My Hair Salon / Beauty Salon
    • Bella Salon & Spa / Beauty Salon / Waxing Hair Removal Service

    Property Details for 315 Polk St

    Year built
    1969
    Lot size
    6.10 lot acres
    Property size
    28,840 SF
    Zone code
    B3
    Property type
    Warehouses
    APN
    20501212
    APU
    20501212

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,360,000
      ML approach
      $3,520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,275,000
      6.5%
      $3,020,000
      7%
      $2,805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,867,000
      Market price range: $2.30M - $5.65M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,695,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pineville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8881
    Latitude
    35.0882
    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
    $27,792
    $2,564,900
    $1,101,100
    $3,666,000
    -
    $2,564,900
    $1,101,100
    $3,666,000

    Comparable in this City

    • Value Estimation
      $1,280,000
      523,480 SF

      Pineville, NC 28134

      WAREHOUSE, STORAGE • 523,480 SF
      Pineville, NC 28134
      View Details
    • Value Estimation
      $1,200,000
      524,365 SF

      10230 Pineville Distribution St

      WAREHOUSE, STORAGE • 524,365 SF
      10230 Pineville Distribution St, Pineville, NC 28134-8497
      View Details
    • Value Estimation
      $425,000
      11,200 SF

      10200 Industrial Dr

      WAREHOUSE, STORAGE • 11,200 SF
      10200 Industrial Dr, Pineville, NC 28134-6517
      View Details
    • Value Estimation
      $1,085,000
      56,847 SF

      10000 Industrial Dr

      WAREHOUSE, STORAGE • 56,847 SF
      10000 Industrial Dr, Pineville, NC 28134-8623
      View Details
    • Value Estimation
      $635,000
      26,465 SF

      10108 Industrial Dr

      WAREHOUSE, STORAGE • 26,465 SF
      10108 Industrial Dr, Pineville, NC 28134-6516
      View Details
    • Value Estimation
      $925,000
      265,440 SF

      11515 Nations Frd Rd

      WAREHOUSE, STORAGE • 265,440 SF
      11515 Nations Frd Rd, Pineville, NC 28134-9540
      View Details

    Similar Nearby for Sale

    • $12,750,000
      2.50 Acres

      New Warehouse with I-485 Frontage

      New construction warehouse with unmatched visibility and accessibility in Pineville.
      9540 Rodney St, Pineville, NC 28134
      View Details
    • $1,000,000
      1.82 Acres

      Prime Pineville Commercial Land

      1.82 Acres, Excellent Location
      200 Polk St, Pineville, NC 28134
      View Details
    • $1,000,000

      Pineville Land Parcel For Sale

      Land parcel near downtown Pineville, suitable for various developments.
      805-809 Main St, Pineville, NC 28134
      View Details
    • $1,200,000

      Land For Sale Near Mall

      Land available near Carolina Place Mall in Pineville, North Carolina.
      505 Towne Centre Blvd, Pineville, NC 28134
      View Details
    • $1,000,000

      Land for Multifamily/Retail Development

      1.822 acres ideal for multifamily, medical, or retail.
      200 N Polk St, Pineville, NC 28134
      View Details
    • New
      $50,000
      Pending

      Land in 55+ Community

      Rare opportunity to build in established 55+ community.
      13004 Park Crescent Cir, Pineville, NC 28134
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      10,300 SF

      Industrial Building with Fenced Lot

      Freestanding industrial building with outside storage in Pineville, NC.
      10020 Industrial Dr, Pineville, NC 28134
      View Details
    • Contact for pricing
      24,188 SF

      Warehouse Space in Southern Loop

      24,188 SF warehouse with office space and dock doors.
      10605 Southern Loop Blvd, Pineville, NC 28134
      View Details
    • Contact for pricing
      189,600 SF

      NationsWest Distribution Center Lease

      Pineville, NC Warehouse Space Available
      11515 Nations Ford Rd, Pineville, NC 28134
      View Details
    • Contact for pricing
      38,421 SF

      Culp Road Warehouse Space Available

      10,000+ SF Warehouse, Office, Outdoor Storage
      1100 Culp Rd, Pineville, NC 28134
      View Details
    • $15 SF/Yr
      4,000 SF

      Pineville Warehouse and Office Space

      4,000 SF flex space with office and loading docks.
      510 Eagleton Downs Dr, Pineville, NC 28134
      View Details
    • Contact for pricing
      55,224 SF

      Industrial Warehouse Space Available

      55,224 SF industrial space for lease in Pineville, NC.
      10309 Rodney St, Pineville, NC 28134
      View Details
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    315 Polk St
    Pineville, NC 28134
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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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