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    Property profile & analytics

    600 Radiator Rd Indian Trail, NC 28079-5225

    • Manufacturing properties
    • 232,678 SF
    • 63.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2020
    $7,575,000
    Value Estimations
    $10,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1478457
    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

    • Manufacturing properties

    Property Details for 600 Radiator Rd

    Year built
    1969
    Lot size
    63.00 lot acres
    Property size
    232,678 SF
    Zone code
    RBD INDIAN TRAIL
    Property type
    Manufacturing properties
    APN
    07-087-007
    APU
    7087007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,330,000
      ML approach
      $10,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,130,000
      Market price range: $14.1M - $37.6M
      AI Estimate
      $11,421,000
      Market price range: $7.22M - $29.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6532
    Latitude
    35.0624
    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
    $96,024
    $2,835,000
    $6,885,200
    $9,720,200
    -
    $2,835,000
    $6,885,200
    $9,720,200

    Comparable in this City

    • Value Estimation
      $3,895,000
      33,978 SF

      2000 Innovation Dr

      MANUFACTURING (LIGHT) • 33,978 SF
      2000 Innovation Dr, Indian Trail, NC 28079-5504
      View Details
    • Value Estimation
      $1,270,000
      12,000 SF

      1003 Ab Forsyth Ave

      MANUFACTURING (LIGHT) • 12,000 SF
      1003 Ab Forsyth Ave, Indian Trail, NC 28079
      View Details
    • Value Estimation
      $3,050,000
      20,163 SF

      3038 Eaton Ave

      MANUFACTURING (LIGHT) • 20,163 SF
      3038 Eaton Ave, Indian Trail, NC 28079-8830
      View Details
    • Value Estimation
      $1,185,000
      11,792 SF

      1034 Ab Van Buren Ave

      MANUFACTURING (LIGHT) • 11,792 SF
      1034 Ab Van Buren Ave, Indian Trail, NC 28079
      View Details
    • Value Estimation
      $4,100,000
      35,000 SF

      Stinson Hartis Rd

      MANUFACTURING (LIGHT) • 35,000 SF
      Stinson Hartis Rd, Indian Trail, NC 28079
      View Details
    • Value Estimation
      $1,245,000
      21,600 SF

      1508 Hwy 218th W

      MANUFACTURING (LIGHT) • 21,600 SF
      1508 Hwy 218th W, Indian Trail, NC 28079-8760
      View Details

    Similar Nearby for Sale

    • $4,225,000
      7.56 Acres

      Unionville Industrial Land - 7.56 Acres

      Prime Union County commercial/industrial land. 80 parking spaces, great ROI.
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      Industrial Property with Truck Court

      9,143 SF industrial building on 1.7 acres for sale.
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    • $1,500,000
      22.00 Acres

      22 Acres Ideal Shopping Center

      22 acres suitable for a shopping center in Fairview, NC.
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    • $850,000
      1.37 Acres

      Prime Indian Trail Commercial Land

      1.37 Acres, $850,000 - High Growth Area
      3314 Unionville - Indian Trl Rd, Indian Trail, NC 28079
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    • $110,000
      0.48 Acres

      Indian Trail Land For Sale

      Two adjacent lots totaling 0.48 acres in Indian Trail.
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    • Contact for pricing
      3,440 SF

      Indian Trail Retail Opportunity

      Retail property in Indian Trail, NC, near Charlotte.
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    Similar Nearby for Lease

    • $12 SF/Yr
      22,000 SF

      Warehouse with Carport and Paint Booth

      22,000 SF warehouse with carport and 9 drive-in doors.
      1508 Highway 218 W, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      24,125 SF

      Warehouse/Flex Space in Indian Trail

      Warehouse/flex space available for lease in Union County, NC.
      2004 Van Buren Ave, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Space with Fenced Lot

      6,000 SF industrial space featuring a fully fenced lot.
      1015 Van Buren Ave, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      3,600 SF

      Prime Indian Trail Retail Space

      3,600 SF Retail, Multiple Units Available
      13705 Independence Blvd, Indian Trail, NC 28079
      View Details
    • $26 SF/Yr
      5,255 SF

      Retail Space in Indian Trail

      Neighborhood shopping center anchored by Harris Teeter and Wells Fargo.
      6580-6640 Old Monroe Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing

      Land For Rent, Indian Trail

      Land available for rent in Indian Trail, North Carolina.
      305 Chestnut Pkwy, Indian Trail, NC 28079
      View Details
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    600 Radiator Rd
    Indian Trail, NC 28079-5225
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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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