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

    4830 Hovis Rd Charlotte, NC 28208-1511

    • Auto shops
    • 5,566 SF
    • 4.83 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2022
    $3,000,000
    Value Estimations
    $3,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1894885
    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

    • 160 Driving Academy - Charlotte / Trucking School
    • 160 Driving Academy of Charlotte / Driving School / Truck Driving School

    Property Details for 4830 Hovis Rd

    Year built
    1958
    Lot size
    4.83 lot acres
    Property size
    5,566 SF
    Zone code
    R-22MF
    Property type
    Auto shops
    APN
    6310127
    APU
    6310127

    Description

    This single-tenant industrial property at 4830 Hovis Rd, Charlotte, NC 28208, offers 8,980 square feet of versatile space. The building sits on an 8.51-acre lot, with approximately 4 usable acres. The warehouse features four drive-in bays, providing convenient access for loading and unloading. The layout includes approximately 4,380 square feet of covered area (with room for three additional bays), 1,449 square feet of drive-thru bay space, 3,151 square feet of warehouse/office space, and 966 square feet of second-story office space. The property is zoned ML-1 & ML-2, offering flexibility for a range of industrial and commercial uses. The Mecklenburg County property includes three tax ID numbers: 06310127, 06310124, and 06310125. This location provides excellent access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The substantial lot size offers ample room for expansion or future development. This property presents a unique opportunity for businesses seeking a well-equipped and strategically located warehouse in Charlotte.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,095,000
      ML approach
      $3,265,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,845,000
      RESTAURANT
      $3,555,000
      APARTMENT HOUSE (5+ UNITS)
      $2,490,000
      MEDICAL BUILDING
      $2,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8973
    Latitude
    35.2659
    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
    $7,301
    $801,900
    $193,400
    $995,300
    -
    $801,900
    $193,400
    $995,300

    Comparable in this City

    • Value Estimation
      $325,000
      2,400 SF

      3837 Louisiana Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      3837 Louisiana Ave, Charlotte, NC 28208-4743
      View Details
    • Value Estimation
      $180,000
      960 SF

      2633 Holton Ave

      AUTO REPAIR, GARAGE • 960 SF
      2633 Holton Ave, Charlotte, NC 28208-4721
      View Details
    • Value Estimation
      $270,000
      7,360 SF

      1622 Parker Dr

      AUTO REPAIR, GARAGE • 7,360 SF
      1622 Parker Dr, Charlotte, NC 28208-6234
      View Details
    • Value Estimation
      $305,000
      3,848 SF

      2624 Wilkinson Blvd

      AUTO REPAIR, GARAGE • 3,848 SF
      2624 Wilkinson Blvd, Charlotte, NC 28208-5618
      View Details
    • Value Estimation
      $3,420,000
      29,040 SF

      Terminal St

      AUTO REPAIR, GARAGE • 29,040 SF
      Terminal St, Charlotte, NC 28208
      View Details
    • Value Estimation
      $290,000
      1,647 SF

      2437 Freedom Dr

      AUTO REPAIR, GARAGE • 1,647 SF
      2437 Freedom Dr, Charlotte, NC 28208-4044
      View Details

    Similar Nearby for Sale

    • $2,085,000
      1,400 SF

      New Take 5 Ground Lease

      NNN ground lease with a 15-year term in Charlotte, NC.
      3700 Wilkinson Blvd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      75,000 SF

      75,000 SF Building on 8.9 Acres

      75,000 SF building for sale on 8.9 acres.
      3150-3200 Freedom Dr, Charlotte, NC 28208
      View Details
    • $850,000
      1,905 SF

      West End Retail Opportunity

      Single tenant building in booming West End Charlotte market.
      2928 Rozzelles Ferry Rd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      6.23 Acres

      Eatonton & Newberry St. Assemblage

      Charlotte, NC commercial land: prime development opportunity.
      0 Eatonton & Newberry St Assemblage, Charlotte, NC 28208
      View Details
    • $295,000
      0.16 Acres

      Building Lot in Marsh Estates

      Building lot in booming area near uptown Charlotte.
      2042 Highland St, Charlotte, NC 28208
      View Details
    • $395,000

      Multifamily Land on West Blvd

      1.36 acres zoned for multifamily development on West Blvd.
      1800 West Blvd, Charlotte, NC 28208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,277 SF

      The Shops at Westerly Station

      Charlotte Retail Space Available Now
      3250 Wilkinson Blvd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      34,697 SF

      City West Commons Retail Space

      Charlotte retail space, multiple units available.
      1520 West Blvd, Charlotte, NC 28208
      View Details
    • $38 SF/Yr
      2,440 SF

      Retail Space with Patio

      Retail space for rent with 1,436 SF patio.
      800 Gesco St, Charlotte, NC 28208
      View Details
    • Contact for pricing
      6,522 SF

      Retail Space with High Traffic

      Retail space in Charlotte with high traffic and easy access.
      3019-3053 Freedom Dr, Charlotte, NC 28208
      View Details
    • Contact for pricing
      5,407 SF

      Retail Space Available for Lease

      Retail property available for lease in Charlotte, North Carolina.
      835 Gesco St, Charlotte, NC 28208
      View Details
    • Contact for pricing
      24,674 SF

      Charlotte Warehouse - 24,674 SF

      Large warehouse space available for lease.
      3035-c Horseshoe Ln, Charlotte, NC 28208
      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.
    4830 Hovis Rd
    Charlotte, NC 28208-1511
    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.