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

    601 College St Charlotte, NC 28202-1829

    • Parking lots & garages
    • 12,534 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1472185
    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

    • The Westin Charlotte / Hotel & Motel
    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Rush My Passport / Travel Agency
    • PSAV / Rental Equipment Company / Tech Support Center
    • JP Charlotte at Westin / Restaurant

    Property Details for 601 College St

    Year built
    2001
    Lot size
    1.13 lot acres
    Property size
    12,534 SF
    Zone code
    UMUDO
    Property type
    Parking lots & garages
    APN
    12512511
    APU
    12512511

    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
    -80.8473
    Latitude
    35.2218
    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
    $6,559
    $357,000
    $537,200
    $894,200
    -
    $357,000
    $537,200
    $894,200

    Comparable in this City

    • Value Estimation
      $1,250,000
      126,345 SF

      800 Morehead St

      PARKING GARAGE, PARKING STRUCTURE • 126,345 SF
      800 Morehead St, Charlotte, NC 28202-2706
      View Details
    • Value Estimation
      $1,040,000
      397,849 SF

      415 Mint St

      PARKING GARAGE, PARKING STRUCTURE • 397,849 SF
      415 Mint St, Charlotte, NC 28202-1509
      View Details
    • Value Estimation
      $7,490,000
      1,017,814 SF

      227 Trade St

      PARKING GARAGE, PARKING STRUCTURE • 1,017,814 SF
      227 Trade St, Charlotte, NC 28202-2423
      View Details
    • Value Estimation
      $3,385,000
      891,868 SF

      600 Tryon St

      PARKING GARAGE, PARKING STRUCTURE • 891,868 SF
      600 Tryon St, Charlotte, NC 28202-1842
      View Details
    • Value Estimation by Request
      69,981 SF

      355 Martin Luther King Blvd

      PARKING GARAGE, PARKING STRUCTURE • 69,981 SF
      355 Martin Luther King Blvd, Charlotte, NC 28202-1975
      View Details
    • Value Estimation by Request
      1,188 SF

      Charlotte, NC 28202

      PARKING GARAGE, PARKING STRUCTURE • 1,188 SF
      Charlotte, NC 28202
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Office Tower with Parking

      22-story office tower with excellent parking in downtown Charlotte.
      200 S College St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      4,149 SF

      Historic Retail/Office Condo in Charlotte

      Retail/office condo in historic building, Charlotte's Central Business District.
      221 S Tryon St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      10,674 SF

      NoDa Arts District Property

      Property in the heart of the NoDa Arts District.
      2229 N Davidson St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      6,661 SF

      South End Charlotte Land Parcel

      Land parcel near South End Charlotte available for sale.
      3111 S Tryon St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      4,149 SF

      Historic Uptown Retail/Office Condominium

      Retail/office condominium in Charlotte's central business district.
      221 S Tryon St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      8,000 SF

      Midtown-South End Office/Retail Suites

      Office and retail suites available in Midtown-South End.
      501 E Morehead St, Charlotte, NC 28202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Complex in Uptown Charlotte

      Mixed-use complex with retail, office, and hotel space for rent.
      210 E Trade St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      6,853 SF

      Modern Uptown Tower for Lease

      Class A office, multifamily, and retail space in Uptown Charlotte.
      401 S Graham St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      1,828 SF

      Uptown Charlotte Retail Space Available

      Mixed-use retail space in Uptown Charlotte's Fourth Ward.
      215 N Pine St, Charlotte, NC 28202
      View Details
    • Contact for pricing

      Prime Charlotte City Center Space

      Versatile space in vibrant Charlotte business and entertainment district.
      528 N Brevard St, Charlotte, NC 28202
      View Details
    • Contact for pricing
      4,250 SF

      Retail Space on Tryon Street

      Retail space available for rent in Charlotte, North Carolina.
      320 S Tryon St, Charlotte, NC 28202
      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.
    601 College St
    Charlotte, NC 28202-1829
    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!