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

    5301 Equipment Dr Charlotte, NC 28262-5003

    • Motels
    • 47,523 SF
    • 3.45 lot acres
    OFF-MARKET
    Value Estimations
    $2,885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2003182
    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

    • Quality Inn & Suites University Area / Hotel & Motel
    • Outback steakhouse / Restaurant

    Property Details for 5301 Equipment Dr

    Year built
    1970
    Lot size
    3.45 lot acres
    Property size
    47,523 SF
    Zone code
    B-2
    Property type
    Motels
    APN
    4701112
    APU
    4701112

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,685,000
      6.5%
      $3,400,000
      7%
      $3,160,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,999,000
      Market price range: $589k - $7.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7915
    Latitude
    35.2804
    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
    $29,050
    $1,162,100
    $2,798,300
    $3,960,400
    -
    $1,162,100
    $2,798,300
    $3,960,400

    Comparable in this City

    • Value Estimation
      $3,270,000
      42,526 SF

      5415 Equipment Dr

      MOTEL • 42,526 SF
      5415 Equipment Dr, Charlotte, NC 28262-5004
      View Details
    • Value Estimation
      $5,560,000
      75,671 SF

      333 Ww T Harris Blvd

      MOTEL • 75,671 SF
      333 Ww T Harris Blvd, Charlotte, NC 28262-3341
      View Details
    • Value Estimation
      $5,845,000
      37,623 SF

      123 Mccullough Dr

      MOTEL • 37,623 SF
      123 Mccullough Dr, Charlotte, NC 28262-3306
      View Details
    • Value Estimation
      $3,080,000
      32,868 SF

      132 Mccullough Dr

      MOTEL • 32,868 SF
      132 Mccullough Dr, Charlotte, NC 28262-3307
      View Details
    • Value Estimation
      $3,570,000
      48,219 SF

      8211 University Exec Park Dr

      MOTEL • 48,219 SF
      8211 University Exec Park Dr, Charlotte, NC 28262-3375
      View Details
    • Value Estimation
      $3,700,000
      24,477 SF

      1416 Sugar Crk Rd

      MOTEL • 24,477 SF
      1416 Sugar Crk Rd, Charlotte, NC 28262-4942
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      260,000 SF

      260,000 SF Manufacturing Facility

      Manufacturing facility with 260,000 SF available for sale or lease.
      6900 Morris Estate Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing

      University City Land Opportunity

      Land near UNC Charlotte in University City.
      8300 Ikea Blvd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Vacant Land Development Opportunity

      Vacant land near UNC-Charlotte with excellent access.
      765 E Mallard Creek Church Rd, Charlotte, NC 28262
      View Details
    • $499,000

      8.23 AC Land Parcel

      8.23 AC land parcel in University market, Charlotte, NC.
      Sir Anthony Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Development Opportunity Near Charlotte Speedway

      8.95-acre site zoned for office use with development potential.
      Floyd Smith Office Park Dr, Charlotte, NC 28262
      View Details
    • $350,000
      2.39 Acres

      Commercial Lot in Charlotte, NC

      Prime commercial lot ready for development in Charlotte, North Carolina.
      5840 University Pointe Blvd, Charlotte, NC 28262
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      48,787 SF

      University City Office/Retail Building

      Two-story building in Charlotte with flexible suite options.
      7925 N Tryon St, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail Space in University City

      Retail spaces available for lease in Charlotte's University City.
      Charlotte Nc, Charlotte, NC 28262
      View Details
    • $28 SF/Yr
      4,077 SF

      Office Space Near University Research

      Office space with ample parking and convenient highway access.
      10150 Mallard Creek Rd, Charlotte, NC 28262
      View Details
    • Contact for pricing
      2,449 SF

      Plug & Play Office Space

      Furnished office space with superior connectivity and high parking ratio.
      10101 Claude Freeman Dr, Charlotte, NC 28262
      View Details
    • $3,000 /Mo
      217,364 SF

      Office Condos in University City

      Two office condos for lease in Charlotte's University City.
      1909 J N Pease Pl, Charlotte, NC 28262
      View Details
    • Contact for pricing
      2,589 SF

      Office Space Available For Rent

      Office space available for lease in Charlotte, North Carolina.
      Rdg Lk Dr, Charlotte, NC 28262
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      1.8k
    • Avg Time on site
      281 min
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    5301 Equipment Dr
    Charlotte, NC 28262-5003
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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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