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    5115 Reagan Dr Charlotte, NC 28206-3190
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    Property profile & analytics

    5115 Reagan Dr Charlotte, NC 28206-3190

    View on Map
    • Motels
    • 32,641 SF
    • 3.01 lot acres
    Off-Market
    Property ID
    US53-5800900
    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
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Royal Inn / Hotel & Motel / Bed & Breakfast
    • TRAVEL INN / Hotel & Motel
    • University South Business Center / Business Service Center / Corporate Office
    • Crown RE Money Lending / Loan Service / Bank

    Property Details for 5115 Reagan Dr

    Year built
    1983
    Lot size
    3.01 lot acres
    Property size
    32,641 SF
    Zone code
    B-1
    Property type
    Motels
    APN
    8707302
    APU
    8707302

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,530,000
      6.5%
      $2,335,000
      7%
      $2,170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7945
    Latitude
    35.2774
    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
    $25,544
    $1,465,900
    $2,016,600
    $3,482,500
    -
    $1,465,900
    $2,016,600
    $3,482,500

    Comparable in this City

    • Value Estimation
      $2,840,000
      52,653 SF

      4904 Reagan Dr

      MOTEL • 52,653 SF
      4904 Reagan Dr, Charlotte, NC 28206-3189
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    • Value Estimation
      $890,000
      12,408 SF

      3700 Tryon St

      HOTEL/MOTEL • 12,408 SF
      3700 Tryon St, Charlotte, NC 28206-2059
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    • Value Estimation
      $2,130,000
      39,880 SF

      4330 Old Interstate Rd

      MOTEL • 39,880 SF
      4330 Old Interstate Rd, Charlotte, NC 28206
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    • Value Estimation by Request
      0.60 Acres

      3431 Statesville Ave

      Commercial real estate • 0.60 Acres
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    • Value Estimation by Request
      0.65 Acres

      1421 Metals Dr

      INDUSTRIAL - VACANT LAND • 0.65 Acres
      1421 Metals Dr, Charlotte, NC 28206-1363
      View Details
    • Value Estimation by Request
      0.17 Acres

      933 Holland Ave

      RECREATIONAL, ENTERTAINMENT • 0.17 Acres
      933 Holland Ave, Charlotte, NC 28206-1811
      View Details

    Similar Nearby for Sale

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      Uptown Charlotte Land Opportunity

      Prime land for sale in Uptown Charlotte, zoned UMUD.
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      Land in Charlotte's N Graham

      Commercial land with I-85 visibility and access.
      4750 Reagan Dr, Charlotte, NC 28206
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    • $365,000
      0.60 Acres

      Commercial Land in Charlotte, NC

      Three-folio assemblage totaling approximately 0.6 acres in Charlotte, NC.
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      Charlotte Land For Sale

      Land available in Charlotte, Mecklenburg County, totaling over 5.5 acres.
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      Land For Sale Charlotte

      Land available for sale at 1842 Starita Rd, Charlotte, NC.
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    Similar Nearby for Lease

    • Contact for pricing

      Woodland Business Park Flex Space

      Light industrial, flex, and distribution space available for lease.
      Woodpark Blvd, Charlotte, NC 28206
      View Details
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      Warehouse Space Available for Sublease

      Sublease available with convenient access to major transportation routes.
      1200 Atando Ave, Charlotte, NC 28206
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      45,750 SF

      Industrial Facility in Atando Park

      45,750 SF industrial facility on 2.08 AC near I-85.
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      14,429 SF

      Office Space Available For Rent

      Office space available for lease in Charlotte, North Carolina.
      1801 North Graham St, Charlotte, NC 28206
      View Details
    • $12 SF/Yr
      2,314 SF

      Office Buildings and Spaces For Rent

      Office buildings and spaces available for rent.
      5108 Reagan Dr, Charlotte, NC 28206
      View Details
    • $7 SF/Yr
      10,538 SF

      Charlotte Flex Space Available

      Flex space for rent in Charlotte with easy freeway access.
      237 W Liddell St, Charlotte, NC 28206
      View Details

    Property Visit Statistics

    • Visits by month
      29.5k
    • Visitors by month
      22.8k
    • Avg Time on site
      14 min
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    Charlotte, NC 28206-3190
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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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