Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    502 Gilead Rd Huntersville, NC 28078
    Back to Search
    Property profile & analytics

    502 Gilead Rd Huntersville, NC 28078

    View on Map
    • Grocery and convenience stores
    • 2,910 SF
    • 1.18 lot acres
    Off-Market
    Last Sale Apr 23, 2020
    $1,260,500
    Property ID
    US53-2101551
    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.
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    3%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Valero / Gas Station
    • Fast Phil's / Gas Station
    • Huntersville Square / Shopping Center & Mall

    Property Details for 502 Gilead Rd

    Year built
    1990
    Lot size
    1.18 lot acres
    Property size
    2,910 SF
    Zone code
    HC
    Property type
    Grocery and convenience stores
    APN
    1712128
    APU
    1712128

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,445,000
      ML approach
      $1,510,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $840,000
      Current use
      COMMERCIAL (GENERAL)
      $1,880,000
      Change: +124% Conversion: Easy
      MEDICAL BUILDING
      $1,050,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $925,000
      Change: +10% Conversion: Easy
      OFFICE BUILDING
      $920,000
      Change: +10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntersville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8526
    Latitude
    35.411
    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
    $10,034
    $1,070,100
    $475,800
    $1,545,900
    -
    $1,070,100
    $475,800
    $1,545,900

    Comparable in this City

    • Value Estimation
      $6,940,000
      59,240 SF

      Huntersville, NC 28078

      GROCERY, SUPERMARKET • 59,240 SF
      Huntersville, NC 28078
      View Details
    • Value Estimation
      $5,295,000
      50,441 SF

      7715 Regency Park Dr

      GROCERY, SUPERMARKET • 50,441 SF
      7715 Regency Park Dr, Huntersville, NC 28078-8938
      View Details
    • Value Estimation by Request
      3,096 SF

      16600 Nc 73rd Hwy

      CONVENIENCE STORE • 3,096 SF
      16600 Nc 73rd Hwy, Huntersville, NC 28078-8799
      View Details
    • Value Estimation
      $560,000
      4,436 SF

      14601 Statesville Rd

      CONVENIENCE STORE • 4,436 SF
      14601 Statesville Rd, Huntersville, NC 28078-9032
      View Details
    • Value Estimation
      $9,835,000
      61,062 SF

      9129 Sam Furr Rd

      GROCERY, SUPERMARKET • 61,062 SF
      9129 Sam Furr Rd, Huntersville, NC 28078-8212
      View Details
    • Value Estimation
      $6,515,000
      58,553 SF

      237 Mt Holly Hntrsvlle Rd

      GROCERY, SUPERMARKET • 58,553 SF
      237 Mt Holly Hntrsvlle Rd, Huntersville, NC 28078-7604
      View Details

    Similar Nearby for Sale

    • $1,750,000
      2.93 Acres

      Huntersville Land Near Major Road

      Commercial land in rapidly growing area near I-485.
      9003 Beatties Ford Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Huntersville, North Carolina.
      16265 Statesville Rd, Huntersville, NC 28078
      View Details
    • $724,800
      1.66 Acres

      Huntersville Retail Land Opportunity

      High-growth area, 1.66 acres, rezoning potential.
      8000 Hedrick Cir, Huntersville, NC 28078
      View Details
    • $306,300

      Commercial Land Near Retail Hub

      Land in growing area near retail, ideal for commercial development.
      7932 Hedrick Cir, Huntersville, NC 28078
      View Details
    • $306,300
      0.88 Acres

      Huntersville Land Near Retail Hub

      Commercial land in rapidly growing area near major retailers.
      7932 Hedrick Cir, Huntersville, NC 28078
      View Details
    • $4,250,000
      10,237 SF

      Huntersville Mixed-Use Opportunity

      Mixed-use property in Huntersville's Northcross submarket, suitable for various uses.
      16701 Northcross Dr, Huntersville, NC 28078
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,765 SF

      Regional Shopping Center Retail Space

      Retail space available in a large open-air shopping center.
      9759 Sam Furr Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      3,875 SF

      Regional Shopping Center Retail Space

      Retail space available in a large open-air shopping center.
      10110 Northcross Center Ct, Huntersville, NC 28078
      View Details
    • Contact for pricing
      2,460 SF

      Retail Space in Huntersville, NC

      Retail space for lease in Huntersville, North Carolina.
      9826 Gilead Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      7,699 SF

      Huntersville Retail Space Available

      Retail space available for lease in Huntersville, North Carolina.
      13740 Statesville Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing
      1,345 SF

      Retail Space in Huntersville Square

      Retail spaces available in Huntersville, anchored by Food Lion.
      706 Gilead Rd, Huntersville, NC 28078
      View Details
    • Contact for pricing

      Huntersville Retail Space For Lease

      Retail space available for lease in Huntersville, North Carolina.
      7725 Regency Park Dr, Huntersville, NC 28078
      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.
    502 Gilead Rd
    Huntersville, NC 28078
    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

    Thank You for Inquiry
    502 Gilead Rd, Huntersville, NC, 28078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!