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

    4293 School House Cmns Harrisburg, NC 28075-7503

    • Grocery and convenience stores
    • 61,679 SF
    • 5.35 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2020
    $4,420,000
    Value Estimations
    $4,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0923545
    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

    • Grocery and convenience stores

    Property Details for 4293 School House Cmns

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    5.35 lot acres
    Property size
    61,679 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    5507 75 6719
    APU
    5507756719

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,260,000
      Market price range: $3.94M - $11.8M
      AI Estimate
      $2,881,000
      Market price range: $1.91M - $7.36M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6508
    Latitude
    35.3208
    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
    2024
    $76,006
    $2,976,460
    $4,732,080
    $7,708,540
    -
    $2,976,460
    $4,732,080
    $7,708,540

    Comparable in this City

    • Value Estimation
      $4,510,000
      4,372 SF

      4303 Nc Hwy 49th S

      CONVENIENCE STORE • 4,372 SF
      4303 Nc Hwy 49th S, Harrisburg, NC 28075
      View Details
    • Value Estimation by Request
      1,890 SF

      4470 Nc Hwy 49th S

      CONVENIENCE STORE • 1,890 SF
      4470 Nc Hwy 49th S, Harrisburg, NC 28075
      View Details
    • Value Estimation by Request
      5,184 SF

      12194 University City Blvd

      CONVENIENCE STORE • 5,184 SF
      12194 University City Blvd, Harrisburg, NC 28075-7406
      View Details
    • Value Estimation
      $570,000
      11,340 SF

      4050 Harris Sq Dr

      CONVENIENCE STORE • 11,340 SF
      4050 Harris Sq Dr, Harrisburg, NC 28075-5104
      View Details
    • Value Estimation
      $770,000
      14,622 SF

      5755 Nc Hwy 49th S

      CONVENIENCE STORE • 14,622 SF
      5755 Nc Hwy 49th S, Harrisburg, NC 28075-8484
      View Details
    • Value Estimation
      $3,275,000
      34,222 SF

      4258 Nc Hwy 49th S

      GROCERY, SUPERMARKET • 34,222 SF
      4258 Nc Hwy 49th S, Harrisburg, NC 28075-0345
      View Details

    Similar Nearby for Sale

    • $1,000,000
      2,516 SF

      Harrisburg Retail Property For Sale

      Retail property in Harrisburg, NC with ample parking.
      12095 University City Blvd, Harrisburg, NC 28075
      View Details
    • $330,000
      0.08 Acres

      Harrisburg Commercial Building For Sale

      Versatile commercial building with Employment Center zoning in Harrisburg, NC.
      4423 Railroad Ave, Harrisburg, NC 28075
      View Details
    • $1,150,000
      2,516 SF

      Harrisburg Storefront - Hwy 49

      Prime Retail Space, High Traffic Area
      12095 University City Blvd, Harrisburg, NC 28075
      View Details
    • Contact for pricing
      1.14 Acres

      Prime Harrisburg Commercial Land

      1.14 Acres, Hwy 49 Frontage
      5125 State Hwy 49, Harrisburg, NC 28075
      View Details
    • $4,000,000
      16.32 Acres

      Magnolia Corners: Prime Commercial Land

      16.32 Acres, Harrisburg, NC - $4M
      0 Rocky River Rd, Harrisburg, NC 28075
      View Details
    • Contact for pricing
      1.52 Acres

      Prime Harrisburg Commercial Land

      1.52 Acres, Hwy 49 Frontage
      5260 Nc Hwy 49, Harrisburg, NC 28075
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,009 SF

      Retail Space in Harrisburg Center

      Retail space available in a Lowe's Foods-anchored shopping center.
      4507 School House Cmns, Harrisburg, NC 28075
      View Details
    • $30 SF/Yr
      2,400 SF

      Retail Space in Harrisburg, NC

      Retail space available in a centrally located shopping center.
      4323 School House Cmns, Harrisburg, NC 28075
      View Details
    • $5,600 /Mo
      21,344 SF

      Harrisburg, NC Commercial Space

      Versatile commercial space suitable for office, retail, or medical use.
      4310 Physicians Blvd, Harrisburg, NC 28075
      View Details
    • Contact for pricing
      4,534 SF

      Harrisburg Retail Space Available

      Three retail spaces, 900-2404 sq ft.
      12190 University City Blvd, Harrisburg, NC 28075
      View Details
    • $31 SF/Yr
      10,283 SF

      Harrisburg Medical Office Space

      New Medical Office, Flexible Suites, Great Location
      3612 State Hwy 49, Harrisburg, NC 28075
      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.
    4293 School House Cmns
    Harrisburg, NC 28075-7503
    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.