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

    4808 Chesapeake Dr Charlotte, NC 28216-2904

    • Manufacturing properties
    • 49,225 SF
    • 15.85 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2021
    $5,590,000
    Value Estimations
    $5,875,000
    Show details
    Cap Rate Potential
    5.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US53-0107067
    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

    • Samaritan's Feet International / Charitable Organization / Social Service Agency
    • Samaritans Feet / Charitable Organization / Social Service Agency
    • Vending Machines / Department Store
    • Accu-Vend Food Services / Big Box & Wholesale Store

    Property Details for 4808 Chesapeake Dr

    Year built
    1979
    Lot size
    15.85 lot acres
    Property size
    49,225 SF
    Zone code
    I-2(CD)
    Property type
    Manufacturing properties
    APN
    3921110
    APU
    3921110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,565,000
      ML approach
      $6,460,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,595,000
      6.5%
      $5,165,000
      7%
      $4,795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8786
    Latitude
    35.2858
    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
    $35,882
    $1,701,200
    $3,190,700
    $4,891,900
    -
    $1,701,200
    $3,190,700
    $4,891,900

    Comparable in this City

    • Value Estimation
      $16,180,000
      222,855 SF

      4500 Chesapeake Dr

      MANUFACTURING (LIGHT) • 222,855 SF
      4500 Chesapeake Dr, Charlotte, NC 28216-3415
      View Details
    • Value Estimation
      $2,105,000
      24,200 SF

      3018 Stewart Crk Blvd

      MANUFACTURING (LIGHT) • 24,200 SF
      3018 Stewart Crk Blvd, Charlotte, NC 28216-3594
      View Details
    • Value Estimation
      $970,000
      11,794 SF

      5125 Rozzelles Fry Rd

      MANUFACTURING (LIGHT) • 11,794 SF
      5125 Rozzelles Fry Rd, Charlotte, NC 28216-3349
      View Details
    • Value Estimation
      $24,260,000
      336,936 SF

      7300 Reames Rd

      MANUFACTURING (LIGHT) • 336,936 SF
      7300 Reames Rd, Charlotte, NC 28216-2228
      View Details
    • Value Estimation
      $1,430,000
      16,210 SF

      333 Oakdale Rd

      MANUFACTURING (LIGHT) • 16,210 SF
      333 Oakdale Rd, Charlotte, NC 28216-2959
      View Details
    • Value Estimation
      $605,000
      7,249 SF

      4404 Chesapeake Dr

      MANUFACTURING (LIGHT) • 7,249 SF
      4404 Chesapeake Dr, Charlotte, NC 28216-3413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.48 Acres

      I-85 Frontage Commercial Land

      10.48 Acres, High-Traffic Location, Zoned CG & OFC
      2731 Beatties Ford Rd, Charlotte, NC 28216
      View Details
    • $79,000
      0.39 Acres

      Charlotte Land in Cul-de-Sac

      0.39-acre lot in a quiet cul-de-sac, ready to build.
      2019 C Ave, Charlotte, NC 28216
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    • $400,000
      11.85 Acres

      Charlotte Land Ideal for Homestead

      11.85 acres of wooded land near Uptown Charlotte.
      6411 Pleasant Grove Rd, Charlotte, NC 28216
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    • $235,000
      1,500 SF

      Glenlea Park Townhouse with Updates

      Charming 3-bedroom townhouse in established Glenlea Park community.
      1718 Glenlea Vista Ct, Charlotte, NC 28216
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    • Contact for pricing

      Commercial Lot Near Interstate 85

      0.02-acre commercial lot with high visibility and access to I-85.
      3620 Darby Ave, Charlotte, NC 28216
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    • $699,000
      1.85 Acres

      Approved Townhome Development Land

      Approved 14-unit townhome development opportunity in a rapidly growing area.
      9121 Hutchinson Ln, Charlotte, NC 28216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,398 SF

      Industrial Facility on 7.3 Acres

      Manufacturing facility on 7.3 acres zoned for heavy industrial.
      4330 Chesapeake Dr, Charlotte, NC 28216
      View Details
    • Contact for pricing
      6,300 SF

      Brookshire Blvd Flex Space Available

      Flex space available for lease near I-77 and I-85.
      4433 Brookshire Blvd, Charlotte, NC 28216
      View Details
    • $7 SF/Yr
      40,831 SF

      Industrial Park with Expansion Potential

      Industrial park offering warehouse and distribution space with expansion options.
      3000 Planters Pl, Charlotte, NC 28216
      View Details
    • Contact for pricing
      28,800 SF

      Charlotte Warehouse Space for Lease

      28,800 SF warehouse space available for lease.
      7010 Reames Rd, Charlotte, NC 28216
      View Details
    • Contact for pricing
      13,000 SF

      Truck Service Facility For Lease

      Truck service facility with truck bays and drive-in doors.
      4420 Rozzelles Ferry Rd, Charlotte, NC 28216
      View Details
    • Contact for pricing
      7,500 SF

      7,500 SF Warehouse Space Available

      Warehouse space with loading docks, convenient highway access.
      6735 Reames Rd, Charlotte, NC 28216
      View Details
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    Charlotte, NC 28216-2904
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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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