Add Listing
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

    3501 Independence Blvd Charlotte, NC 28205-7261

    • Assisted living facilities
    • 77,537 SF
    • 4.31 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2020
    Value Estimations
    $1,510,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0880051
    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

    • Independence Place of Charlotte / Hotel & Motel / Vacation Rental
    • Reset & Reboot-IT Computer Repair / Computer & Electronic Repair
    • Residences At Windsor / Hotel & Motel
    • insuranceincarolina.com / Insurance Agency
    • Food Geeks Eatery / Restaurant

    Property Details for 3501 Independence Blvd

    Year built
    1967
    Lot size
    4.31 lot acres
    Property size
    77,537 SF
    Zone code
    B2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    13108360
    APU
    13108360

    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
    -80.7839
    Latitude
    35.2025
    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
    $57,337
    $2,711,000
    $5,105,900
    $7,816,900
    -
    $2,711,000
    $5,105,900
    $7,816,900

    Comparable in this City

    • Value Estimation by Request
      2,974 SF

      1518 Briar Crk Rd

      HOMES (RETIRED, NURSING) • 2,974 SF
      1518 Briar Crk Rd, Charlotte, NC 28205-5576
      View Details
    • Value Estimation
      $670,000
      22,219 SF

      4025 Sharon Amity Rd

      HOMES (RETIRED, NURSING) • 22,219 SF
      4025 Sharon Amity Rd, Charlotte, NC 28205-4975
      View Details
    • Value Estimation
      $3,005,000
      72,151 SF

      3223 Central Ave

      HOMES (RETIRED, NURSING) • 72,151 SF
      3223 Central Ave, Charlotte, NC 28205-5520
      View Details
    • Value Estimation
      $3,835,000
      36,786 SF

      4815 Sharon Amity Rd

      HOMES (RETIRED, NURSING) • 36,786 SF
      4815 Sharon Amity Rd, Charlotte, NC 28205-4669
      View Details
    • Value Estimation by Request
      10,460 SF

      1835 Eastway Dr

      HOMES (RETIRED, NURSING) • 10,460 SF
      1835 Eastway Dr, Charlotte, NC 28205
      View Details
    • Value Estimation
      $1,030,000
      27,891 SF

      2727 Shamrock Dr

      HOMES (RETIRED, NURSING) • 27,891 SF
      2727 Shamrock Dr, Charlotte, NC 28205-2215
      View Details

    Similar Nearby for Sale

    • $675,000

      Freestanding Building in Plaza Hills

      Highly visible 1,020 SF building suitable for retail/office/medical use.
      2820 The Plz, Charlotte, NC 28205
      View Details
    • $1,050,000
      0.21 Acres

      NoDa Office & Land Investment

      Prime NoDa Location, High Growth Area
      2420 Brevard St, Charlotte, NC 28205
      View Details
    • $550,000
      0.25 Acres

      Commercial Opportunity Near Uptown Charlotte

      Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
      738 Pierson Dr, Charlotte, NC 28205
      View Details
    • Contact for pricing

      NoDa Bungalow For Sale

      Charming 1900s bungalow in NoDa, ideal for creative commercial space.
      600 E 35Th St, Charlotte, NC 28205
      View Details
    • $2,200,000
      10,000 SF

      Freestanding Building on Sugar Creek

      Freestanding 10,000 SF building on 0.95 acres.
      1437 E Sugar Creek Rd, Charlotte, NC 28205
      View Details
    • New
      $442,500
      0.17 Acres

      Corner Lot in Belmont Community

      Rare corner lot near Uptown Charlotte, ideal for new construction.
      628 E 18Th St, Charlotte, NC 28205
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,442 SF

      Charlotte Office Space Solutions

      Flexible Workspaces, Tailored to Your Needs
      3117 Whiting Ave, Charlotte, NC 28205
      View Details
    • Contact for pricing
      2,480 SF

      Plaza Midwood Medical Office Space

      2,480 SF Medical Office - Charlotte, NC
      1111 The Plz, Charlotte, NC 28205
      View Details
    • $3,085 /Mo
      7,841 SF

      Office Building in Plaza Midwood

      Office building in the heart of Plaza Midwood, Charlotte, NC.
      1323 The Plz, Charlotte, NC 28205
      View Details
    • $1,100 /Mo
      44 SF

      Office Space in Charlotte, NC

      Office space featuring private offices and a conference room.
      2436 N Sharon Amity Rd, Charlotte, NC 28205
      View Details
    • Contact for pricing
      500 SF

      NoDa Urban District Market Stalls

      Food stalls for lease in vibrant NoDa market.
      2315 N Davidson St, Charlotte, NC 28205
      View Details
    • Contact for pricing

      NC, Charlotte - E Independence

      Workspaces, services and support to help you work better in Frisco Square
      4037 Independence Blvd, Charlotte, NC 28205
      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.
    3501 Independence Blvd
    Charlotte, NC 28205-7261
    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.
    Sign Up Successful!
    You now have access to more from Realmo!