Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5700 Albemarle Rd Charlotte, NC 28212-1633
    Back to Search
    Property profile & analytics

    5700 Albemarle Rd, Charlotte, NC 28212-1633

    View on Map
    • Drug stores
    • 10,242 SF
    • 1.11 lot acres
    Off-Market
    Last Sale Feb 19, 2025
    Property ID
    US53-2063161
    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
    $2,405,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MoneyGram / Bank / Credit Union
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • LibertyX Bitcoin ATM / Atm
    • UPS Access Point location / Courier Service / Postal Service
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 5700 Albemarle Rd

    Year built
    1998
    Lot size
    1.11 lot acres
    Zone code
    B-2
    Property type
    Drug stores
    APN
    13310106
    APU
    13310106

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2025 — Autozone Development LLC Mdc Nc1 LP Deed —
    Dec 28, 2018 — Mdc Nc1 LP Realty Income Prop 25 LLC Warranty Deed —
    Oct 3, 2013 $2,300,000 Realty Income Props 25 LLC Mmc Charlotte LLC Grant Deed —
    Jan 23, 2013 — Mmc Charlotte LLC Drp Charlotte LLC Quit Claim Deed —
    Jul 29, 2003 — Mmc Charlotte LLC Drp Charlotte LLC Grant Deed $1.6M · Capital Lease Funding LP
    Mar 27, 1998 $1,906,500 Drp,charlotte LLC Drp,charlotte Ll Grant Deed · related —
    Nov 13, 1997 $625,000 Commercial Properties Grou Commercial Prope Grant Deed · related —
    — — Mmc Charlotte LLC — Deed Of Trust · related $1.1M · Branch Banking & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,860,000
      6.5%
      $2,640,000
      7%
      $2,450,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,315,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,060,000
      Change: -8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,670,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.75
    Latitude
    35.2034
    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
    $25,163
    $1,755,900
    $1,674,700
    $3,430,600
    -
    $1,755,900
    $1,674,700
    $3,430,600

    Comparable in this City

    • Value Estimation
      $3,235,000
      17,472 SF

      6848 Albemarle Rd

      DRUG STORE, PHARMACY
      6848 Albemarle Rd, Charlotte, NC 28212-3854
      View Details
    • Value Estimation
      $3,380,000
      10,119 SF

      2325 Vlg Lk Dr

      DRUG STORE, PHARMACY
      2325 Vlg Lk Dr, Charlotte, NC 28212-0081
      View Details
    • Value Estimation
      $2,520,000
      17,840 SF

      6454 Albemarle Rd

      GROCERY, SUPERMARKET
      6454 Albemarle Rd, Charlotte, NC 28212-3816
      View Details
    • Value Estimation
      $1,130,000
      5,046 SF

      5122 Independence Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5122 Independence Blvd, Charlotte, NC 28212-6166
      View Details
    • Value Estimation by Request
      1,642 SF

      5225 Albemarle Rd

      RETAIL STORES (PERSONAL SERVICES)
      5225 Albemarle Rd, Charlotte, NC 28212-3604
      View Details
    • Value Estimation
      $1,040,000
      5,552 SF

      6701 Albemarle Rd

      CONVENIENCE STORE
      6701 Albemarle Rd, Charlotte, NC 28212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,200 SF

      Retail Opportunity in MoRA Point

      Retail space with redevelopment potential and shopping center access.
      5300 E Independence Blvd, Charlotte, NC 28212
      View Details
    • $650,000
      0.47 Acres

      Charlotte Duplex in MoRa District

      Duplex in growing MoRa district with redevelopment potential.
      701 Jerilyn Dr, Charlotte, NC 28212
      View Details
    • Contact for pricing
      3,536 SF

      Charlotte Office Building For Sale

      Office building with interest in common areas, for sale.
      5511 Monroe Rd, Charlotte, NC 28212
      View Details
    • Contact for pricing
      30,000 SF

      Renovated Office Space For Sale

      Vacant, renovated office space near downtown Charlotte with ample parking.
      5525 Albemarle Rd, Charlotte, NC 28212
      View Details
    • New
      $1,150,000
      1.39 Acres

      Versatile Condo in Prime Location

      Two-level commercial space suitable for various professional or medical uses.
      5808 Monroe Rd, Charlotte, NC 28212
      View Details
    • Contact for pricing

      Vacant Lots and Charming House

      Two vacant lots and a charming house totaling 0.981 acres.
      5514 Grafton Pl, Charlotte, NC 28212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Charlotte, NC

      Retail space available for lease in Charlotte, North Carolina.
      5226 E Independence Blvd, Charlotte, NC 28212
      View Details
    • Contact for pricing

      Freestanding Retail Building For Lease

      Freestanding building with ample parking and excellent visibility.
      5718 Albemarle Rd, Charlotte, NC 28212
      View Details
    • Contact for pricing

      Independence Tower: East Charlotte Gateway

      Refreshed office and retail spaces near Uptown and South Park.
      4801 E Independence Blvd, Charlotte, NC 28212
      View Details
    • Contact for pricing
      10,401 SF

      Executive Office Space Available

      10,401 SF office space for lease.
      5624 Executive Center Dr, Charlotte, NC 28212
      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.
    5700 Albemarle Rd
    Charlotte, NC 28212-1633
    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
    5700 Albemarle Rd, Charlotte, NC, 28212
    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!