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

    350 Commerce Ctr Dr Huntersville, NC 28078-5439

    • Specialty properties
    • 2,236 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2020
    $14,864,500
    Value Estimations
    $12,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3581568
    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

    • Parkview Apartments / Apartment Complex / Apartment Building

    Property Details for 350 Commerce Ctr Dr

    Year built
    1998
    Lot size
    0.81 lot acres
    Property size
    2,236 SF
    Zone code
    HC
    Property type
    Specialty properties
    APN
    1712158
    APU
    1712158

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,040,000
      ML approach
      $9,775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.853
    Latitude
    35.4143
    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
    $3,694
    $373,700
    $195,400
    $569,100
    -
    $373,700
    $195,400
    $569,100

    Comparable in this City

    • Value Estimation by Request
      2.53 Acres

      Asbury Chapel Rd

      FUNERAL HOME • 2.53 Acres
      Asbury Chapel Rd, Huntersville, NC 28078
      View Details
    • Value Estimation by Request
      21.24 Acres

      Beatties Frd Rd

      FUNERAL HOME • 21.24 Acres
      Beatties Frd Rd, Huntersville, NC 28078
      View Details
    • Value Estimation
      $2,110,000
      39,345 SF

      9721 Rose Cmns Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 39,345 SF
      9721 Rose Cmns Dr, Huntersville, NC 28078-3435
      View Details
    • Value Estimation by Request
      837 SF

      1920 Rustic Barn Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 837 SF
      1920 Rustic Barn Dr, Huntersville, NC 28078
      View Details
    • Value Estimation
      $2,070,000
      81,209 SF

      11725 Verhoeff Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 81,209 SF
      11725 Verhoeff Dr, Huntersville, NC 28078-9244
      View Details
    • Value Estimation
      $1,820,000
      1,464 SF

      9468 Mccoy Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,464 SF
      9468 Mccoy Rd, Huntersville, NC 28078-9111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,354 SF

      Huntersville Multi-Use Property

      10,354 SF, 6.85 Acres, High Visibility
      12340 Mt Holly-Huntersville Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing

      Huntersville Church and Land Available

      Church and 16 acres available in Huntersville, North Carolina.
      10600 Asbury Chapel Rd, Huntersville, NC 28078
      View Details
    • $2,500,000

      Huntersville Land Parcel For Sale

      9.85 acre land parcel for senior housing development.
      9102 Beatties Ford Rd, Huntersville, NC 28078
      View Details
    • $799,500
      Pending

      Huntersville Land with Road Frontage

      7.36 acres in Huntersville with road frontage and improvements.
      3816 Alton St, Huntersville, NC 28078
      View Details
    • $724,800
      1.66 Acres

      Huntersville Land Near Retail Hub

      1.66 acre lot near retail, ideal for commercial development.
      8000 Hedrick Cir, Huntersville, NC 28078
      View Details
    • $400,000
      0.70 Acres

      Huntersville Commercial Land For Sale

      Corner lot in Huntersville, NC, suitable for commercial development.
      15105 Old Statesville Rd, Huntersville, NC 28078
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Huntersville Industrial Land - 6 Acres

      6-Acre Industrial Land, Outdoor Storage Potential
      11642 Mccord Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      13,000 SF

      Retail Space in Huntersville Square

      Retail spaces available in Huntersville, anchored by Food Lion.
      706 Gilead Rd, Huntersville, NC 28078
      View Details
    • $25 SF/Yr
      3,055 SF

      Huntersville Office Space For Rent

      Office space for rent with on-site amenities and convenient location.
      10115 Kincey Ave, Huntersville, NC 28078
      View Details
    • $33 SF/Yr
      1,138 SF

      Huntersville Office Space Available

      Office space available for lease in Huntersville, North Carolina.
      8015 W Kenton Cir, Huntersville, NC 28078
      View Details
    • $16 SF/Yr
      3,662 SF

      Huntersville Flex Space For Rent

      Flex space ideal for office, lab, manufacturing, and R&D.
      9800 Kincey Ave, Huntersville, NC 28078
      View Details
    • $28 SF/Yr
      1,440 SF

      Huntersville Medical/Office Space Available

      Class A medical/office space for lease near hospitals.
      15810 Northcross Dr, Huntersville, NC 28078
      View Details
    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.
    350 Commerce Ctr Dr
    Huntersville, NC 28078-5439
    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.