Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Eastway Dr Charlotte, NC 28205

    • Auto shops
    • 1,758 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    May 19, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0920492
    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

    • Auto shops

    Property Details for 600 Eastway Dr

    Year built
    1970
    Lot size
    0.40 lot acres
    Property size
    1,758 SF
    Zone code
    B-1
    Property type
    Auto shops
    APN
    9301120
    APU
    9301120

    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
    -80.7815
    Latitude
    35.2491
    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
    $3,395
    $435,800
    $27,100
    $462,900
    -
    $435,800
    $27,100
    $462,900

    Comparable in this City

    • Value Estimation
      $2,495,000
      1,288 SF

      2826 Central Ave

      AUTO REPAIR, GARAGE • 1,288 SF
      2826 Central Ave, Charlotte, NC 28205-5339
      View Details
    • Value Estimation by Request
      6,161 SF

      1110 Commercial Ave

      AUTO REPAIR, GARAGE • 6,161 SF
      1110 Commercial Ave, Charlotte, NC 28205-1474
      View Details
    • Value Estimation
      $985,000
      26,600 SF

      5006 Albemarle Rd

      AUTO REPAIR, GARAGE • 26,600 SF
      5006 Albemarle Rd, Charlotte, NC 28205-6620
      View Details
    • Value Estimation by Request
      2,108 SF

      4900 Albemarle Rd

      AUTO REPAIR, GARAGE • 2,108 SF
      4900 Albemarle Rd, Charlotte, NC 28205-6618
      View Details
    • Value Estimation
      $1,980,000
      16,860 SF

      4750 Albemarle Rd

      AUTO REPAIR, GARAGE • 16,860 SF
      4750 Albemarle Rd, Charlotte, NC 28205-6614
      View Details
    • Value Estimation by Request
      3,046 SF

      4732 Central Ave

      AUTO REPAIR, GARAGE • 3,046 SF
      4732 Central Ave, Charlotte, NC 28205-5804
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Retail Space on The Plaza

      Retail property with 7,000 square feet of space.
      2808-2820 The Plz, Charlotte, NC 28205
      View Details
    • Contact for pricing
      2,019 SF

      Retail Space on Monroe Road

      Retail space in Charlotte's thriving business district.
      3734 Monroe Rd, Charlotte, NC 28205
      View Details
    • Contact for pricing

      Prime Plaza Midwood Commercial Land

      Operating tire store on 0.44 acres in Plaza Midwood.
      2522 The Plz, Charlotte, NC 28205
      View Details
    • Contact for pricing
      1,556 SF

      Commercial Property Near Uptown Charlotte

      Commercial property near Uptown Charlotte with flexible-use rooms and ample parking.
      738 Pierson Dr, Charlotte, NC 28205
      View Details
    • $1,800,000
      6,076 SF

      Freestanding Building with Sports Pub

      Freestanding building with ample parking and excellent street visibility.
      1513 Pierson Dr, Charlotte, NC 28205
      View Details
    • Contact for pricing
      1,020 SF

      Office/Retail Space in Plaza Hills

      Office or retail opportunity in a high-growth Charlotte corridor.
      2820 The Plz, Charlotte, NC 28205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Plaza Midwood Retail/Office Space

      Available space in a dynamic Charlotte neighborhood near retail.
      1111 The Plz, Charlotte, NC 28205
      View Details
    • Contact for pricing

      Eastway Drive Retail Spaces Available

      Retail and restaurant spaces available for rent on Eastway Drive.
      3124 Eastway Dr, Charlotte, NC 28205
      View Details
    • Contact for pricing

      Adaptive Reuse Space For Lease

      Approximately 2,500 SF available for lease in adaptive reuse.
      919 Norland Rd, Charlotte, NC 28205
      View Details
    • Contact for pricing

      Prime Location Near LYNX Station

      Retail and office spaces available near 25th Street LYNX Station.
      2001 N Davidson St, Charlotte, NC 28205
      View Details
    • Contact for pricing
      500 SF

      NoDa Urban District Market Stalls

      Food stalls for lease in vibrant NoDa market.
      2315 N Davidson St, Charlotte, NC 28205
      View Details
    • Contact for pricing

      Eastway Drive Retail Center Space

      Retail space in Food Lion and Ross anchored shopping center.
      3211 Eastway Dr, Charlotte, NC 28205
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.5k
    • Avg Time on site
      28 min
    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.
    600 Eastway Dr
    Charlotte, NC 28205
    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.
    Sign Up Successful!
    You now have access to more from Realmo!