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

    410 Gardner Ave Charlotte, NC 28208-3408

    • Manufacturing properties
    • 9,473 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2021
    $775,000
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1325308
    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

    • Manufacturing properties

    Property Details for 410 Gardner Ave

    Year built
    1957
    Lot size
    0.91 lot acres
    Property size
    9,473 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    7111410
    APU
    7111410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,490,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $769,000
      Market price range: $237k - $1.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8674
    Latitude
    35.2443
    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
    $5,605
    $586,400
    $177,800
    $764,200
    -
    $586,400
    $177,800
    $764,200

    Comparable in this City

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      $680,000
      50,086 SF

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      MANUFACTURING (LIGHT) • 50,086 SF
      1921 Freedom Dr, Charlotte, NC 28208-5250
      View Details
    • Value Estimation
      $1,055,000
      55,818 SF

      1304 Berryhill Rd

      MANUFACTURING (LIGHT) • 55,818 SF
      1304 Berryhill Rd, Charlotte, NC 28208-4010
      View Details
    • Value Estimation
      $715,000
      141,964 SF

      4915 Hovis Rd

      MANUFACTURING (LIGHT) • 141,964 SF
      4915 Hovis Rd, Charlotte, NC 28208-1512
      View Details
    • Value Estimation
      $415,000
      16,492 SF

      3300 Oak Lk Blvd

      MANUFACTURING (LIGHT) • 16,492 SF
      3300 Oak Lk Blvd, Charlotte, NC 28208-7707
      View Details
    • Value Estimation
      $520,000
      32,441 SF

      2925 Old Steele Crk Rd

      MANUFACTURING (LIGHT) • 32,441 SF
      2925 Old Steele Crk Rd, Charlotte, NC 28208-6726
      View Details
    • Value Estimation by Request
      71,477 SF

      1515 Clarkson St

      MANUFACTURING (LIGHT) • 71,477 SF
      1515 Clarkson St, Charlotte, NC 28208-5319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16.20 Acres

      Charlotte Industrial Land - 16.2 Acres

      Prime I-2 zoned land, ideal for industrial development. Opportunity Zone.
      3600 Primrose Ave, Charlotte, NC 28208
      View Details
    • $4,900,000
      3.22 Acres

      Charlotte Industrial Land Assemblage

      Prime 6.234-acre site, I-2 zoning
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    • $3,500,000
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      Lower Tuck Redevelopment Opportunity

      Two buildings for sale in growing Lower Tuck neighborhood.
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    • $4,618,000
      23,090 SF

      Warehouse Space Available

      23,090 SF warehouse available for sale or lease.
      2032 Gateway Blvd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      16 SF

      Prime Industrial Asset For Sale

      Industrial property with redevelopment potential in active Charlotte corridor.
      1027 Berryhill Rd, Charlotte, NC 28208
      View Details
    • $175,000
      0.35 Acres

      Land Near Uptown, Airport

      Commercial land near uptown and airport in Charlotte, NC.
      4220 Mckinley Rd, Charlotte, NC 28208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,700 SF

      Industrial Land & Building For Lease

      8 Acres, 6,700 SF Industrial Space
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      View Details
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      83,599 SF

      Charlotte Warehouse with Ample Parking

      83,599 SF warehouse with extensive parking and loading docks.
      2708 Yorkmont Rd, Charlotte, NC 28208
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    • Contact for pricing
      25,152 SF

      Industrial Facility Near Airport

      25,152 SF industrial space with convenient highway access.
      4801 Larkmoore Ct, Charlotte, NC 28208
      View Details
    • Contact for pricing
      54,072 SF

      Charlotte Warehouse with Conditioned Space

      54,072 SF warehouse with office space and central location.
      1304 Berryhill Rd, Charlotte, NC 28208
      View Details
    • $12 SF/Yr
      2,007 SF

      Flex Space with Mezzanine

      2,007 SF flex space with convenient highway access.
      1851-1897 Scott Futrell Dr, Charlotte, NC 28208
      View Details
    • Contact for pricing
      4,137 SF

      Warehouse and Office Space Available

      Warehouse and office space with dock and drive-in doors.
      3400 International Airport Dr, Charlotte, NC 28208
      View Details
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    410 Gardner Ave
    Charlotte, NC 28208-3408
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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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