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

    711 Pressley Rd Charlotte, NC 28217-4615

    • Warehouses
    • 47,939 SF
    • 5.78 lot acres
    OFF-MARKET
    Value Estimations
    $4,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0457437
    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

    • Queen City Church / Non-Denominational Church

    Property Details for 711 Pressley Rd

    Year built
    1970
    Lot size
    5.78 lot acres
    Property size
    47,939 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    14529103
    APU
    14529103

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,051,000
      Market price range: $5.05M - $10.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8933
    Latitude
    35.1877
    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
    $27,164
    $1,154,800
    $2,548,500
    $3,703,300
    -
    $1,154,800
    $2,548,500
    $3,703,300

    Comparable in this City

    • Value Estimation
      $9,415,000
      99,876 SF

      930 Tyvola Rd

      MINI-WAREHOUSE, STORAGE • 99,876 SF
      930 Tyvola Rd, Charlotte, NC 28217-3512
      View Details
    • Value Estimation
      $4,420,000
      33,896 SF

      4501 Tryon St

      WAREHOUSE, STORAGE • 33,896 SF
      4501 Tryon St, Charlotte, NC 28217-1843
      View Details
    • Value Estimation
      $615,000
      4,320 SF

      448 Springbrook Rd

      WAREHOUSE, STORAGE • 4,320 SF
      448 Springbrook Rd, Charlotte, NC 28217-2145
      View Details
    • Value Estimation
      $10,290,000
      125,739 SF

      6800 Steele Crk Rd

      WAREHOUSE, STORAGE • 125,739 SF
      6800 Steele Crk Rd, Charlotte, NC 28217-5324
      View Details
    • Value Estimation
      $4,560,000
      50,835 SF

      535 Griffith Rd

      WAREHOUSE, STORAGE • 50,835 SF
      535 Griffith Rd, Charlotte, NC 28217-3517
      View Details
    • Value Estimation
      $1,875,000
      19,200 SF

      416 Rountree Rd

      WAREHOUSE, STORAGE • 19,200 SF
      416 Rountree Rd, Charlotte, NC 28217-2182
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.34 Acres

      Charlotte Industrial Land - 10+ Acres

      120,200 SF Building Approved, Prime Location
      3836 Shopton Rd, Charlotte, NC 28217
      View Details
    • $1,800,000
      6,000 SF

      Office/Warehouse with Expansion Potential

      6,000 SF office/warehouse on 2-acre site near I-77.
      4000 Stuart Andrew Blvd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      12,590 SF

      Warehouse in South End

      Warehouse with two entrances and two docks, along light rail.
      3315 Pelton St, Charlotte, NC 28217
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    • Contact for pricing
      31,172 SF

      Charlotte Industrial Property with Storage

      Versatile industrial property with warehouse, showroom, office, and outdoor storage.
      600 Phillip Davis Dr, Charlotte, NC 28217
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    • Contact for pricing
      8,748 SF

      Move-in Ready LOSO Office Building

      Stand-alone office building in a rapidly growing area.
      421 Minuet Ln, Charlotte, NC 28217
      View Details
    • $3,000,000
      6.22 Acres

      Prime Land in Charlotte, NC

      High-visibility land with development potential near I-485 and retail.
      8151 Steele Creek Rd, Charlotte, NC 28217
      View Details

    Similar Nearby for Lease

    • $11,900 /Mo
      4,500 SF

      Warehouse with Outdoor Storage

      4,500 SF warehouse with fenced and gated outdoor storage.
      448 Springbrook Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      42,000 SF

      Industrial Build-to-Suit Opportunity

      42,000 SF build-to-suit near I-485 and Charlotte Airport.
      3920 Shutterfly Rd, Charlotte, NC 28217
      View Details
    • $12 SF/Yr
      4,083 SF

      Warehouse with Office Space

      4,083 SF warehouse with office space for lease.
      4123 Rose Lake Dr, Charlotte, NC 28217
      View Details
    • $10 SF/Yr
      5,981 SF

      Charlotte Warehouse with Office Space

      Warehouse with office space, dock doors, and drive-in door.
      1825 Cross Beam Dr, Charlotte, NC 28217
      View Details
    • Contact for pricing
      4,829 SF

      Industrial Space with Dock Doors

      Industrial space featuring dock high doors and office space.
      1801 Cross Beam Dr, Charlotte, NC 28217
      View Details
    • $14 SF/Yr
      6,563 SF

      Conditioned Office Warehouse Flex Space

      Flex space featuring HVAC, high ceilings, and dock doors.
      4404 Stuart Andrew Blvd, Charlotte, NC 28217
      View Details
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    711 Pressley Rd
    Charlotte, NC 28217-4615
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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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