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

    5001 Chesapeake Dr Charlotte, NC 28216-2936

    • Breweries
    • 627,355 SF
    • 45.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2022
    $60,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0890456
    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

    • Coca-Cola Bottling Co / Big Box & Wholesale Store / Distribution Center

    Property Details for 5001 Chesapeake Dr

    Year built
    1973
    Lot size
    45.26 lot acres
    Property size
    627,355 SF
    Zone code
    I2
    Property type
    Breweries
    APN
    3932101
    APU
    3932101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $99,235,000
      INDUSTRIAL (GENERAL)
      $91,335,000
      RETAIL STORES
      $63,490,000
      AUTO REPAIR, GARAGE
      $60,105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8836
    Latitude
    35.2856
    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
    $223,488
    $3,402,500
    $27,066,200
    $30,468,700
    -
    $3,402,500
    $27,066,200
    $30,468,700

    Comparable in this City

    • Value Estimation
      $7,315,000
      121,572 SF

      816 Lawton Rd

      WAREHOUSE, STORAGE • 121,572 SF
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    • 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 by Request
      24,710 SF

      10023 Callabridge Ct

      MINI-WAREHOUSE, STORAGE • 24,710 SF
      10023 Callabridge Ct, Charlotte, NC 28216-2421
      View Details
    • Value Estimation
      $870,000
      1,872 SF

      6120 Brookshire Blvd, Unit N45

      CONDOMINIUMS (INDUSTRIAL) • 1,872 SF
      6120 Brookshire Blvd, Charlotte, NC 28216-3323
      View Details
    • Value Estimation
      $2,615,000
      19,076 SF

      1201 Carrier Dr

      WAREHOUSE, STORAGE • 19,076 SF
      1201 Carrier Dr, Charlotte, NC 28216-3543
      View Details
    • Value Estimation
      $4,720,000
      225,229 SF

      4040 Chesapeake Dr

      WAREHOUSE, STORAGE • 225,229 SF
      4040 Chesapeake Dr, Charlotte, NC 28216-3406
      View Details

    Similar Nearby for Sale

    • 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
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      Vacant Land in Growing Location

      Large wooded vacant lot suitable for development in Charlotte, NC.
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    • $7,500,000
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      Development Land with Uptown Views

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      Land Near Charlotte Airport

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    • $40,000
      0.51 Acres

      Residential Lot Near Uptown Charlotte

      0.51-acre residential lot, 15 minutes from Uptown Charlotte.
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      1.85 Acres

      Approved Townhome Development Opportunity

      1.85-acre lot approved for 14 townhomes in Charlotte, NC.
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    Similar Nearby for Lease

    • Contact for pricing

      Charlotte Warehouse Space Available

      Warehouse space with office, dock highs, and drive-in.
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      6,000 SF

      7,500 SF Warehouse Space Available

      Warehouse space with loading docks, convenient highway access.
      6735 Reames Rd, 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
    • $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

      Industrial Single Tenant Opportunity

      28,800 SqFt industrial space available for single tenant.
      7020 Reames Rd, Charlotte, NC 28216
      View Details
    • Contact for pricing
      50,080 SF

      Charlotte Warehouse Space Available

      39,360 SF warehouse space for lease in Charlotte.
      6945 Northpark Blvd, Charlotte, NC 28216
      View Details
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    Charlotte, NC 28216-2936
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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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