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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6029 Williams Rd Charlotte, NC 28215-3675

    • Garden apartment buildings
    • 9,570 SF
    • 7.29 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2023
    $14,368,000
    Value Estimations
    $14,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5570515
    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

    • Garden apartment buildings

    Property Details for 6029 Williams Rd

    Year built
    1986
    Lot size
    7.29 lot acres
    Property size
    9,570 SF
    Zone code
    R17MF
    Property type
    Garden apartment buildings
    APN
    9923106
    APU
    9923106

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,365,000
      ML approach
      $10,170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $20,378,000
      Market price range: $2.19M - $25.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7348
    Latitude
    35.2338
    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
    $99,008
    $2,856,600
    $10,641,400
    $13,498,000
    -
    $2,856,600
    $10,641,400
    $13,498,000

    Comparable in this City

    • Value Estimation
      $910,000
      12,063 SF

      7234 Rose Ter Ct

      GARDEN APT, COURT APT (5+ UNITS) • 12,063 SF
      7234 Rose Ter Ct, Charlotte, NC 28215
      View Details
    • Value Estimation
      $5,430,000
      168,636 SF

      2013 Poyntz Ave

      GARDEN APT, COURT APT (5+ UNITS) • 168,636 SF
      2013 Poyntz Ave, Charlotte, NC 28215-5804
      View Details
    • Value Estimation
      $3,240,000
      19,920 SF

      6208 Ew T Harris Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 19,920 SF
      6208 Ew T Harris Blvd, Charlotte, NC 28215-4025
      View Details
    • Value Estimation
      $11,500,000
      7,134 SF

      7129 Barrington Dr

      GARDEN APT, COURT APT (5+ UNITS) • 7,134 SF
      7129 Barrington Dr, Charlotte, NC 28215-3571
      View Details
    • Value Estimation
      $575,000
      5,388 SF

      7011 Barrington Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,388 SF
      7011 Barrington Dr, Charlotte, NC 28215-5510
      View Details
    • Value Estimation
      $625,000
      26,310 SF

      Shamrock Dr

      GARDEN APT, COURT APT (5+ UNITS) • 26,310 SF
      Shamrock Dr, Charlotte, NC 28215
      View Details

    Similar Nearby for Sale

    • $2,175,000
      Pending

      Undeveloped Land Zoned RMH

      22.44 acres of RMH-zoned land, ideal for multifamily/mobile home park.
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      View Details
    • $3,310,000
      6.62 Acres

      Prime Charlotte Residential Land

      6.62 Acres, Excellent Location
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    • $179,000

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      Well-maintained 2BR townhome in a prime Charlotte location.
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    • $234,000
      1,294 SF

      Charlotte Home with Fresh Interior

      Home with fresh paint, new flooring, and warranty coverage.
      5163 Ficus Tree Ln, Charlotte, NC 28215
      View Details
    • $2,100,000

      Residential Development Opportunity

      Residential land for sale off Grier Road.
      8801 Grier Rd, Charlotte, NC 28215
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    • $5,999,000
      11.97 Acres

      Harrisburg Commercial Land Opportunity

      Almost 12 acres of commercial land in high-growth Harrisburg area.
      9565 Rocky River Rd, Harrisburg, NC 28215
      View Details

    Similar Nearby for Lease

    • $1,295 /Mo
      900 SF

      Updated Duplex Near Uptown

      Updated duplex featuring modern amenities and a large backyard.
      602 Camrose Dr, Charlotte, NC 28215
      View Details
    • Contact for pricing
      15,000 SF

      I-485 Medical Office Opportunity

      15,000 SF Medical Office Building, Two Suites Available
      @ 485 Plz Rd / Rocky Riv Rd, Charlotte, NC 28215
      View Details
    • Contact for pricing
      10,500 SF

      Retail Space Near Harris Teeter

      Retail property with excellent connectivity and high-traffic location.
      9810 Rocky River Rd, Charlotte, NC 28215
      View Details
    • Contact for pricing
      280,200 SF

      Orr Rd Business Center: Charlotte, NC

      Class-A Industrial Space: Flexible layouts, prime location.
      6830 Orr Rd, Charlotte, NC 28215
      View Details
    • $18 SF/Yr
      182,362 SF

      East Town Market Office Space For Lease

      Prime East Charlotte Office & Retail
      5820 W T Harris Blvd, Charlotte, NC 28215
      View Details
    • $14 SF/Yr
      110,017 SF

      Charlotte Flex Space Available

      Modern Flex Space in East Charlotte, NC
      6600 W.t. Harris Blvd, Charlotte, NC 28215
      View Details
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    6029 Williams Rd
    Charlotte, NC 28215-3675
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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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