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    Property profile & analytics

    6040 Hwy 74 Indian Trail, NC 28079-3591

    • Medical offices
    • 40,680 SF
    • 15.13 lot acres
    OFF-MARKET
    Value Estimations
    $5,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4014136
    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

    • Medical offices

    Property Details for 6040 Hwy 74

    Year built
    2009
    Lot size
    15.13 lot acres
    Property size
    40,680 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    07-066-013 02
    APU
    706601302

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,426,000
      Market price range: $1.99M - $5.43M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,820,000
      Current use
      OFFICE BUILDING
      $5,900,000
      Change: +55% Conversion: Easy
      RESTAURANT
      $5,540,000
      Change: +45% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,435,000
      Change: +42% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,820,000
      Change: +0% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,535,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $3,175,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Trail
    County
    Union
    State
    North Carolina
    Longitude
    -80.6435
    Latitude
    35.0699
    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
    $104,313
    $0.00
    $11,854,200
    $11,854,200
    -
    $0.00
    $11,854,200
    $11,854,200

    Comparable in this City

    • Value Estimation
      $555,000
      4,171 SF

      301 Indian Trl Rd Ns

      MEDICAL BUILDING • 4,171 SF
      301 Indian Trl Rd Ns, Indian Trail, NC 28079-7624
      View Details
    • Value Estimation
      $895,000
      7,092 SF

      4503 Old Monroe Rd

      MEDICAL BUILDING • 7,092 SF
      4503 Old Monroe Rd, Indian Trail, NC 28079-5309
      View Details
    • Value Estimation
      $560,000
      2,700 SF

      100 Park E Rd

      MEDICAL BUILDING • 2,700 SF
      100 Park E Rd, Indian Trail, NC 28079-7622
      View Details
    • Value Estimation
      $710,000
      5,376 SF

      4801 Indian Trl Fairview Rd

      MEDICAL BUILDING • 5,376 SF
      4801 Indian Trl Fairview Rd, Indian Trail, NC 28079-8865
      View Details
    • Value Estimation
      $875,000
      7,015 SF

      1480 Wesley Chapel Rd

      MEDICAL BUILDING • 7,015 SF
      1480 Wesley Chapel Rd, Indian Trail, NC 28079-5244
      View Details
    • Value Estimation by Request

      2119 Younts Rd

      Individual retail properties
      2119 Younts Rd, Indian Trail, NC 28079
      View Details

    Similar Nearby for Sale

    • $2,700,000

      Prime Indian Trail Mixed-Use Property

      9-Acre Commercial Land, High Visibility
      2119 Younts Rd, Indian Trail, NC 28079
      View Details
    • New
      $799,000
      0.76 Acres

      Prime Commercial Land Opportunity

      0.764-acre lot with high visibility and traffic exposure.
      4324 Old Monroe Rd, Charlotte, NC 28079
      View Details
    • Contact for pricing
      2,496 SF

      Fully Occupied Office Building

      Masonry construction office building with excellent visibility and high traffic.
      204 Gribble Rd, Indian Trail, NC 28079
      View Details
    • Contact for pricing
      102,360 SF

      Union Town Center: Retail Opportunity

      Indian Trail, NC Retail Center - High Visibility
      5850 Highway 74, Indian Trail, NC 28079
      View Details
    • $6,300,000
      22.45 Acres

      Prime Indian Trail Commercial Land

      22.45 Acres, $6.3M, Union County, NC
      0 Secrest Short Cut Rd And Scott Long Rd, Indian Trail, NC 28079
      View Details
    • $1,680,000

      Land For Sale Indian Trail

      Land available for sale in Indian Trail, North Carolina.
      319 Plyler Rd, Indian Trail, NC 28079
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,664 SF

      Office Space for Lease

      Office suites available with customization options and ample parking.
      6040-6068 Highway 74 W, 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
    • 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

      Retail Space Near Harris Teeter

      1,502 SF retail space available in Indian Trail, NC.
      Indian Trail, NC 28079
      View Details
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    6040 Hwy 74
    Indian Trail, NC 28079-3591
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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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