Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3501 Performance Rd Charlotte, NC 28214-9056

    • Office buildings
    • 16,514 SF
    • 4.02 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2020
    $2,888,500
    Value Estimations
    $4,720,000
    Show details
    Cap Rate Potential
    5.7%
    Office buildings
    Location Intelligence
    Property ID
    US53-5389926
    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

    • Wmyt / Television Station
    • FOX 46 WJZY / Television Station / News Service
    • Queen City News / News Service

    Property Details for 3501 Performance Rd

    Year built
    1967
    Lot size
    4.02 lot acres
    Property size
    16,514 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    5314103
    APU
    5314103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,735,000
      ML approach
      $4,555,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,535,000
      6.5%
      $4,185,000
      7%
      $3,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,079,000
      Market price range: $3.25M - $9.23M
      AI Estimate
      $3,529,000
      Market price range: $1.10M - $4.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9846
    Latitude
    35.2565
    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
    $0.00
    $1,053,200
    $2,005,300
    $3,058,500
    -
    $1,053,200
    $2,005,300
    $3,058,500

    Comparable in this City

    • Value Estimation
      $330,000
      7,132 SF

      10917 Black Dog Ln

      OFFICE BUILDING • 7,132 SF
      10917 Black Dog Ln, Charlotte, NC 28214-1461
      View Details
    • Value Estimation
      $395,000
      400 SF

      13224 Moores Chapel Rd

      OFFICE BUILDING • 400 SF
      13224 Moores Chapel Rd, Charlotte, NC 28214-8935
      View Details
    • Value Estimation
      $495,000
      7,490 SF

      6521 Old Dowd Rd

      OFFICE BUILDING • 7,490 SF
      6521 Old Dowd Rd, Charlotte, NC 28214
      View Details
    • Value Estimation
      $830,000
      1.08 Acres

      6325 Wilkinson Blvd

      OFFICE BUILDING • 1.08 Acres
      6325 Wilkinson Blvd, Charlotte, NC 28214-3120
      View Details
    • Value Estimation
      $320,000
      2,819 SF

      725 Valleydale Rd

      OFFICE BUILDING • 2,819 SF
      725 Valleydale Rd, Charlotte, NC 28214-8724
      View Details
    • Value Estimation
      $355,000
      1,340 SF

      6429 Freedom Dr

      OFFICE BUILDING • 1,340 SF
      6429 Freedom Dr, Charlotte, NC 28214-2046
      View Details

    Similar Nearby for Sale

    • $1,100,000
      3,600 SF

      Bellhaven Boulevard Office Building

      Office building with 3,600 square feet of space for sale.
      8810-8812 Bellhaven Blvd, Charlotte, NC 28214
      View Details
    • $375,000
      0.48 Acres

      High-Traffic Charlotte Office Land

      Prime Commercial Lot, Ideal Redevelopment
      6429 Freedom Dr, Charlotte, NC 28214
      View Details
    • Contact for pricing
      12,000 SF

      Retail, Office, and Medical Space

      Retail, office, and medical space near Riverbend Village.
      4422 Mt Holly Huntersville Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      12,000 SF

      Retail, Office, and Medical Space

      Retail, office, and medical space near Riverbend Village.
      4400 Mt Holly Huntersville Rd, Charlotte, NC 28214
      View Details
    • $750,000
      0.75 Acres

      Charlotte Commercial Corner Lot Opportunity

      High-volume corner lot suitable for retail, office, or residential development.
      11033 Mount Holly Rd, Charlotte, NC 28214
      View Details
    • $950,000
      4.15 Acres

      Charlotte Commercial Land Opportunity

      4.15 Acres, Approved Site Plan, $950,000
      2200 Mountain Park Dr, Charlotte, NC 28214
      View Details

    Similar Nearby for Lease

    • $6,430 /Mo
      1,550 SF

      Office Building with Storage Lot

      1,550 SF office with fenced storage, near I-85/I-485.
      12017 Moores Chapel Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      56,556 SF

      Warehouse with High-End Office

      56,556 SF warehouse space with high-end office.
      2205 Beltway Blvd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      155,400 SF

      Charlotte Manufacturing and Logistics Space

      155,400 SF available in master-planned park near I-485.
      Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      25,000 SF

      Charlotte Shopping Center Space Available

      47,129 SF shopping center with high visibility and parking.
      7917-8001 Moores Chapel Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      74,671 SF

      Charlotte Industrial Space For Lease

      Industrial spaces available for lease in Charlotte, North Carolina.
      2615 Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      271,200 SF

      Charlotte Industrial Space For Lease

      Industrial space for lease in Charlotte, near major transportation routes.
      2605 Verde Creek Rd, Charlotte, NC 28214
      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 Performance Rd
    Charlotte, NC 28214-9056
    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.