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

    6207 Park S Dr Charlotte, NC 28210-3267

    • Office buildings
    • 19,088 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimations
    $4,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1477403
    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

    • Turner Daniel w DDS / Dentist
    • Dr. Jeannine Gingras / Internist / Pediatrician
    • Thornton Ginny / Dentist
    • Brittany R. Brown, DMD, PLLC / Dentist
    • Allen Tate Insurance / Insurance Broker / Motorcycle Insurance Agency

    Property Details for 6207 Park S Dr

    Year built
    2007
    Lot size
    1.16 lot acres
    Property size
    19,088 SF
    Zone code
    URCCD
    Property type
    Office buildings
    APN
    17902205
    APU
    17902205

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,240,000
      6.5%
      $4,840,000
      7%
      $4,490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,605,000
      Market price range: $2.24M - $4.95M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8431
    Latitude
    35.147
    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
    $41,097
    $3,004,800
    $2,598,000
    $5,602,800
    -
    $3,004,800
    $2,598,000
    $5,602,800

    Comparable in this City

    • Value Estimation by Request
      225,846 SF

      4720 Piedmont Row Dr

      OFFICE BUILDING • 225,846 SF
      4720 Piedmont Row Dr, Charlotte, NC 28210-4269
      View Details
    • Value Estimation
      $1,975,000
      10,830 SF

      1425 Cressida Dr

      OFFICE BUILDING • 10,830 SF
      1425 Cressida Dr, Charlotte, NC 28210-5683
      View Details
    • Value Estimation
      $12,500,000
      60,000 SF

      6400 Fairview Rd

      OFFICE BUILDING • 60,000 SF
      6400 Fairview Rd, Charlotte, NC 28210-3237
      View Details
    • Value Estimation
      $1,175,000
      5,360 SF

      10020 Park Cedar Dr

      OFFICE BUILDING • 5,360 SF
      10020 Park Cedar Dr, Charlotte, NC 28210-8912
      View Details
    • Value Estimation
      $32,135,000
      129,241 SF

      6302 Fairview Rd

      OFFICE BUILDING • 129,241 SF
      6302 Fairview Rd, Charlotte, NC 28210-2226
      View Details
    • Value Estimation
      $540,000
      0.60 Acres

      Charlotte, NC 28210

      OFFICE BUILDING • 0.60 Acres
      Charlotte, NC 28210
      View Details

    Similar Nearby for Sale

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      3,813 SF

      Charlotte Office Building: $1.175M

      Prime Charlotte location, 3,813 sq ft, vacant.
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    • $755,000
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      SouthPark Office Condo For Sale

      Office condo in SouthPark, walking distance to Phillips Place & SouthPark Mall.
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      South Charlotte Condo with Updates

      Move-in ready condo with updated kitchen and private patio.
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    • $1,599,000
      0.20 Acres

      New Townhome Portfolio in Charlotte

      Four new townhomes in South Charlotte near Blue Line Light Rail.
      8927 Sharonbrook Dr, Charlotte, NC 28210
      View Details
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      1,966 SF

      SouthPark Townhome with Custom Upgrades

      Desirable end unit with upgrades, close to SouthPark amenities.
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    • $1,800,000

      Land for Townhome Development

      Land suitable for 33 townhome units near LYNX Blue Line.
      6505 Wisteria Dr, Charlotte, NC 28210
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    Similar Nearby for Lease

    • $52 SF/Yr
      12,611 SF

      Charlotte Executive Office Suites

      Premium Coworking & Office Space in SouthPark
      6201 Fairview Rd, Charlotte, NC 28210
      View Details
    • $22 SF/Yr
      28,284 SF

      Regus SouthPark Office Suites

      Prestigious Charlotte Office Space, Flexible Options
      6000 Fairview Rd, Charlotte, NC 28210
      View Details
    • $22 SF/Yr
      22,000 SF

      Southpark Fairview Office Suites

      Prime Charlotte Office Space: Flexible Options
      5960 Fairview Rd, Charlotte, NC 28210
      View Details
    • $32 SF/Yr
      8,645 SF

      Medical Office Space in Pineville

      Multi-tenant medical office building in the heart of Pineville.
      10520 Park Rd, Charlotte, NC 28210
      View Details
    • $28 SF/Yr
      1,694 SF

      Pineville Office Space For Rent

      Single-story office space in the heart of Pineville.
      10502 Park Rd, Charlotte, NC 28210
      View Details
    • Contact for pricing
      10,200 SF

      Klutts Medical Building: Executive Suites

      Prime South Charlotte Executive Office
      1433 Emerywood Dr, Charlotte, NC 28210
      View Details
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    6207 Park S Dr
    Charlotte, NC 28210-3267
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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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