Sign Up Successful!
You now have access to more from Realmo!
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

    6050 Nc 16th Business Hwy Denver, NC 28037-9318

    • Drug stores
    • 10,768 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimations
    $1,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1319798
    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

    • Drug stores

    Property Details for 6050 Nc 16th Business Hwy

    Year built
    1998
    Lot size
    2.20 lot acres
    Property size
    10,768 SF
    Zone code
    HC
    Property type
    Drug stores
    APN
    3686-15-64-5650
    APU
    368615645650

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,960,000
      6.5%
      $1,810,000
      7%
      $1,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,776,000
      Market price range: $449k - $1.78M
      AI Estimate
      $1,119,000
      Market price range: $266k - $1.12M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,040,000
      Current use
      RESTAURANT
      $2,315,000
      Change: +123% Conversion: Easy
      MEDICAL BUILDING
      $2,045,000
      Change: +97% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,030,000
      Change: +95% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,260,000
      Change: +21% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,165,000
      Change: +12% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,095,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $980,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.0627
    Latitude
    35.5586
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC 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
    $18,035
    $895,900
    $2,842,000
    $3,737,900
    -
    $895,900
    $2,842,000
    $3,737,900

    Comparable in this City

    • Value Estimation by Request
      4,178 SF

      7180 Nc-73

      Individual retail properties • 4,178 SF
      7180 Nc-73, Denver, NC 28037
      View Details
    • Value Estimation
      $1,450,000
      13,512 SF

      7409 Webbs Rd

      DRUG STORE, PHARMACY • 13,512 SF
      7409 Webbs Rd, Denver, NC 28037-7882
      View Details
    • Value Estimation
      $1,600,000
      14,736 SF

      7385 Nc 73rd Hwy

      DRUG STORE, PHARMACY • 14,736 SF
      7385 Nc 73rd Hwy, Denver, NC 28037-9188
      View Details
    • Value Estimation by Request
      2.31 Acres

      257 Nc-16

      Restaurants • 2.31 Acres
      257 Nc-16, Denver, NC 28037
      View Details
    • Value Estimation by Request
      4,829 SF

      119 Cross Ctr Rd

      FINANCIAL BUILDING • 4,829 SF
      119 Cross Ctr Rd, Denver, NC 28037-5009
      View Details
    • Value Estimation by Request
      10,800 SF

      6161 Denver Industrial Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      6161 Denver Industrial Park Rd, Denver, NC 28037-7805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.95 Acres

      Denver Retail Land - 5.95 Acres

      High-traffic retail land near Walmart.
      7259 Nc-73, Denver, NC 28037
      View Details
    • Contact for pricing
      13.59 Acres

      13.59 +/- Acres - Hwy 150, Denver

      Mixed-use properties • 13.59 Acres
      5946 Nc-150, Denver, NC 28037
      View Details
    • $499,900
      4.24 Acres

      Denver Land on Highway 16

      4.24 acres on Highway 16, Denver, NC.
      16 Business Hwy, Denver, NC 28037
      View Details
    • $185,000

      Lake Norman View Corner Lot

      Corner lot with potential for long-range Lake Norman views.
      2 Conner Cove Ln, Denver, NC 28037
      View Details
    • $5,000,000
      Pending

      Prime Denver Development Opportunity

      33.53-acre land parcel in a rapidly growing area.
      274/294 N Pilot Knob Rd N, Denver, NC 28037
      View Details
    • $585,000
      3.56 Acres

      Denver NC Commercial Land

      3.5-acre property with commercial potential in Denver, North Carolina.
      3427 N Nc 16 Hwy, Denver, NC 28037
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Denver, NC

      Retail space available near major retailers in Denver, North Carolina.
      Denver, NC 28037
      View Details
    • $1.34 SF/Yr
      59,677 SF

      Westport Market Retail Ground Lease

      Denver, NC: Prime Retail Opportunity
      2100 Business Hwy, Denver, NC 28037
      View Details
    • $22 SF/Yr
      21,142 SF

      West Pointe Shoppes Retail Space

      Denver, NC retail center: 1,750 SF available
      751 Nc Hwy, Denver, NC 28037
      View Details
    • Contact for pricing
      1 SF

      Denver Retail Land Opportunity

      High-traffic retail land near Walmart.
      7259 Nc 73 Hwy, Denver, NC 28037
      View Details
    • $10 SF/Yr
      4,400 SF

      4,400 SF Industrial Unit

      Industrial unit for lease featuring two drive-in doors.
      7471-7473 Hagers Hollow Dr, Denver, NC 28037
      View Details
    • $14 SF/Yr
      4,200 SF

      Office/Warehouse with Fenced Storage

      4,200 SF office/warehouse on 1 acre with fenced storage.
      6610 Denver Industrial Park Rd, Denver, NC 28037
      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.
    6050 Nc 16th Business Hwy
    Denver, NC 28037-9318
    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.