Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5804 Market Way Dr Charlotte, NC 28277-4436

    • Specialty properties
    • 86,040 SF
    • 13.17 lot acres
    OFF-MARKET
    Value Estimations
    $8,530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4724808
    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

    • Specialty properties

    Property Details for 5804 Market Way Dr

    Year built
    2017
    Lot size
    13.17 lot acres
    Property size
    86,040 SF
    Property type
    Specialty properties
    APN
    23113136
    APU
    23113136

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7666
    Latitude
    35.0548
    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
    $0.00
    $9,535,800
    $101,852,800
    $111,388,600
    -
    $9,535,800
    $101,852,800
    $111,388,600

    Comparable in this City

    • Value Estimation by Request
      273 SF

      11407 Ardrey Crst Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 273 SF
      11407 Ardrey Crst Dr, Charlotte, NC 28277-3827
      View Details
    • Value Estimation
      $510,000
      463 SF

      15036 Lisha Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 463 SF
      15036 Lisha Ln, Charlotte, NC 28277-2299
      View Details
    • Value Estimation
      $2,185,000
      1,983 SF

      7621 Reavencrest Park Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,983 SF
      7621 Reavencrest Park Dr, Charlotte, NC 28277-0255
      View Details
    • Value Estimation by Request
      144 SF

      12013 Olympic Clb Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 144 SF
      12013 Olympic Clb Dr, Charlotte, NC 28277-4057
      View Details
    • Value Estimation by Request
      6,996 SF

      9009 Bryant Farms Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,996 SF
      9009 Bryant Farms Rd, Charlotte, NC 28277-1611
      View Details
    • Value Estimation by Request

      9612 Longstone Ln

      Specialty properties
      9612 Longstone Ln, Charlotte, NC 28277
      View Details

    Similar Nearby for Sale

    • $297,500

      Updated Townhome Overlooking Golf Course

      Move-in ready townhome with golf course views and recent upgrades.
      4120 North Course Dr, Charlotte, NC 28277
      View Details
    • $4,900,000
      26,400 SF

      Charlotte Medical Office Building

      Prime 26,400 SF Medical Office Opportunity
      0 Red Rust Ln, Charlotte, NC 28277
      View Details
    • $675,000
      2,849 SF

      Spacious Townhouse with Modern Amenities

      Two-story end-unit townhouse near shops and restaurants with community pool.
      10310 Blairbeth St, Charlotte, NC 28277
      View Details
    • $400,975
      1,250 SF

      Office Space Available For Sale

      Office property with 1250 square feet of space.
      17232 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $315,000

      Luxury Condo in Ballantyne Community

      Upgraded 2-bedroom condo with modern amenities in prime location.
      12355 Copper Mountain Blvd, Charlotte, NC 28277
      View Details
    • $7,856,000

      Lancaster Hwy Land For Sale

      9.82 acres on Lancaster Hwy near Ardrey Kell Rd.
      17025 Lancaster Hwy, Charlotte, NC 28277
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      5,189 SF

      Ballantyne Village Office Space

      Office space available in Ballantyne Village, Charlotte.
      14819 Ballantyne Village Way, Charlotte, NC 28277
      View Details
    • $2,500 /Mo
      2,172 SF

      Spacious Townhome with Bonus Room

      Two-story townhome with bonus room, 3 bedrooms, and 2.5 bathrooms.
      8328 Indigo Row, Charlotte, NC 28277
      View Details
    • $32 SF/Yr
      7,970 SF

      Versatile Office Space For Rent

      Customizable office space in Old Lancaster Town Center.
      15009 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $22 SF/Yr
      11,933 SF

      Charlotte Office Space: Prime Location

      Prestigious Charlotte office suites, flexible options.
      3440 Toringdon Way, Charlotte, NC 28277
      View Details
    • Contact for pricing
      2,653 SF

      Prime Office Space in Ballantyne

      Thriving Ballantyne location with high visibility and ample parking.
      14815 Ballantyne Village Way, Charlotte, NC 28277
      View Details
    • Contact for pricing

      South Charlotte Retail Opportunity

      Desirable location with high traffic and strong demographics.
      7824 Rea Rd, Charlotte, NC 28277
      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.
    5804 Market Way Dr
    Charlotte, NC 28277-4436
    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

    Google sign-in failed. Please try again or use another login method.