Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6416 Rea Rd Charlotte, NC 28277-4164
    Back to Search
    Property profile & analytics

    6416 Rea Rd Charlotte, NC 28277-4164

    View on Map
    • Strip malls
    • 47,996 SF
    • 5.97 lot acres
    Off-Market
    Property ID
    US53-1519118
    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.
    Value Estimations
    $7,810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bird House on the Greenway / Department Store
    • fi.d.o / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Run For Your Life / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Wildology At Waverly / (Bike/Boat/Book/etc) Store
    • Petco Dog Training / Animal Training

    Property Details for 6416 Rea Rd

    Year built
    1990
    Lot size
    5.97 lot acres
    Property size
    47,996 SF
    Zone code
    B1CD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    22551195
    APU
    22551195

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,845,000
      6.5%
      $10,930,000
      7%
      $10,150,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $12,505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8177
    Latitude
    35.0786
    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
    $134,723
    $7,385,800
    $10,981,400
    $18,367,200
    -
    $7,385,800
    $10,981,400
    $18,367,200

    Comparable in this City

    • Value Estimation
      $6,425,000
      40,976 SF

      11324 Community House Rd

      SHOPPING CENTER, STRIP CENTER • 40,976 SF
      11324 Community House Rd, Charlotte, NC 28277-2800
      View Details
    • Value Estimation
      $1,785,000
      10,164 SF

      13855 Conlan Cir

      SHOPPING CENTER, STRIP CENTER • 10,164 SF
      13855 Conlan Cir, Charlotte, NC 28277-3654
      View Details
    • Value Estimation
      $1,485,000
      7,471 SF

      13735 Conlan Cir

      SHOPPING CENTER, STRIP CENTER • 7,471 SF
      13735 Conlan Cir, Charlotte, NC 28277-2703
      View Details
    • Value Estimation
      $4,635,000
      37,607 SF

      15127 Ballancroft Pkwy

      SHOPPING CENTER, STRIP CENTER • 37,607 SF
      15127 Ballancroft Pkwy, Charlotte, NC 28277-4857
      View Details
    • Value Estimation
      $8,445,000
      61,970 SF

      3419 Toringdon Way

      SHOPPING CENTER, STRIP CENTER • 61,970 SF
      3419 Toringdon Way, Charlotte, NC 28277-2427
      View Details
    • Value Estimation
      $2,780,000
      13,770 SF

      7800 Rea Rd

      SHOPPING CENTER, STRIP CENTER • 13,770 SF
      7800 Rea Rd, Charlotte, NC 28277-6569
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,466 SF

      Retail Space For Sale

      Retail space available in growing area.
      11041 Golf Links Dr N, Charlotte, NC 28277
      View Details
    • Contact for pricing
      1,250 SF

      South Charlotte Office Condo Park

      Multi-tenant office condo park in South Charlotte for sale.
      17232 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • Contact for pricing
      3,750 SF

      Commercial Condo in Fox Run

      Office condo for sale in growing Charlotte business park.
      17228 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • Contact for pricing
      5,392 SF

      Net Ground Lease Opportunity

      Absolute net ground lease on a signalized corner intersection.
      11035 Golf Links Dr, Charlotte, NC 28277
      View Details
    • $635,000
      0.36 Acres

      Charlotte Land for Luxury Home

      Premium homesite in South Charlotte's exclusive luxury community.
      6024 Robert Gray Ct, Charlotte, NC 28277
      View Details
    • $7,856,000

      Lancaster Hwy Land For Sale

      9.82 acres on Lancaster Hwy near Ardrey Kell Rd.
      17025 Lancaster Hwy, Charlotte, NC 28277
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ballantyne Community Center Retail Space

      Retail space in a community center anchored by Harris Teeter.
      15235 John J Delaney Dr, Charlotte, NC 28277
      View Details
    • Contact for pricing
      3,880 SF

      Retail Space in Ballantyne Center

      Retail space available within a popular mixed-use development.
      12210 Copper Way, Charlotte, NC 28277
      View Details
    • Contact for pricing

      South Charlotte Retail Opportunity

      Desirable location with high traffic and strong demographics.
      7824 Rea Rd, Charlotte, NC 28277
      View Details
    • Contact for pricing
      1,553 SF

      Retail Space Near Harris Teeter

      Retail space available near a high-traffic Harris Teeter.
      9825 Sandy Rock Pl, Charlotte, NC 28277
      View Details
    • Contact for pricing
      2,270 SF

      Ballantyne Village Retail Opportunity

      Retail spaces available in thriving Ballantyne Village shopping center.
      14825 Ballantyne Village Way, Charlotte, NC 28277
      View Details
    • Contact for pricing
      1,547 SF

      Retail Space Near Harris Teeter

      Retail space available near a high-traffic Harris Teeter.
      9826 Sandy Rock Pl, Charlotte, NC 28277
      View Details

    Property Visit Statistics

    • Visits by month
      68.5k
    • Visitors by month
      55.1k
    • Avg Time on site
      23 min
    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.
    6416 Rea Rd
    Charlotte, NC 28277-4164
    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

    Thank You for Inquiry
    6416 Rea Rd, Charlotte, NC, 28277
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!