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    Property profile & analytics

    3200 Mckee Rd Charlotte, NC 28270-0249

    • Day care centers
    • 11,729 SF
    • 6.91 lot acres
    OFF-MARKET
    Last Sale
    Feb 21, 2025
    $4,923,000
    Value Estimations
    $4,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0451741
    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

    • The Nest Schools Charlotte-McKee / Day Care Center / Preschool

    Property Details for 3200 Mckee Rd

    Year built
    2005
    Lot size
    6.91 lot acres
    Property size
    11,729 SF
    Zone code
    INST(CD)
    Property type
    Day care centers
    APN
    22712201
    APU
    22712201

    Description

    This exceptional investment opportunity presents a 11,800 square foot daycare center in Charlotte, NC, situated on a 6.88-acre lot at 3200 McKee Road, zip code 28270. Built in 2005, the property boasts a 100% occupancy rate with a 13.7-year remaining lease term (expiring July 20, 2038, commencing July 21, 2023) featuring a strong, nationally-operating tenant. The lease is a single-tenant, absolute triple net (NNN) lease, ensuring minimal landlord responsibilities. The current annual rent is $28.56 per square foot, with favorable 2% annual rent escalations built into the lease. The property generates a substantial net operating income (NOI) of $337,008, resulting in a compelling 6.65% capitalization rate. The asking price is $5,067,789, translating to a price per square foot of $429.47. The tenant, a well-established daycare provider with over 46 locations nationwide and expansion plans, offers significant stability and growth potential. The property benefits from its location within a thriving Charlotte community, 25 minutes from Charlotte Douglas International Airport (CLT), and surrounded by nine elementary schools within a five-mile radius. The surrounding area boasts an average household income of $171,030 and a population of 66,415 within a three-mile radius, indicating strong demographic support for the business. Mecklenburg County's projected annual population growth of 19,000 residents until 2040 further underscores the long-term investment potential of this property. There are no lease options at the end of the current term.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,605,000
      ML approach
      $4,345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,598,000
      Market price range: $1.59M - $3.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7414
    Latitude
    35.0779
    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
    $29,592
    $2,969,100
    $1,065,200
    $4,034,300
    -
    $2,969,100
    $1,065,200
    $4,034,300

    Comparable in this City

    • Value Estimation
      $600,000
      19,654 SF

      6619 Sardis Rd

      DAY CARE, PRE-SCHOOL • 19,654 SF
      6619 Sardis Rd, Charlotte, NC 28270-6049
      View Details
    • Value Estimation
      $375,000
      7,894 SF

      8411 Beverly Crst Blvd

      DAY CARE, PRE-SCHOOL • 7,894 SF
      8411 Beverly Crst Blvd, Charlotte, NC 28270-0383
      View Details
    • Value Estimation
      $295,000
      5,959 SF

      9500 Monroe Rd

      DAY CARE, PRE-SCHOOL • 5,959 SF
      9500 Monroe Rd, Charlotte, NC 28270-1445
      View Details
    • Value Estimation by Request
      1,880 SF

      3500 Arborhill Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,880 SF
      3500 Arborhill Rd, Charlotte, NC 28270-2273
      View Details
    • Value Estimation by Request
      3,859 SF

      7100 Henseys Way

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,859 SF
      7100 Henseys Way, Charlotte, NC 28270
      View Details
    • Value Estimation
      $285,000
      3,200 SF

      9300 Monroe Rd

      VETERINARY, ANIMAL HOSPITAL • 3,200 SF
      9300 Monroe Rd, Charlotte, NC 28270-1441
      View Details

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    Similar Nearby for Lease

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      Office space available for rent in Charlotte, North Carolina.
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    • $34 SF/Yr
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    3200 Mckee Rd
    Charlotte, NC 28270-0249
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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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