718 Trade St, Unit 1 Charlotte, NC 28202-1339
Property profile & analytics
718 Trade St, Unit 1 Charlotte, NC 28202-1339
- Office Spaces
- 2,992 SF
- 0.74 lot acres
Property ID
US53-0120429
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.
Location Intelligence
Current Use by Public Records
- Great Wok / Restaurant
- Gateway Plaza COA / Condominium Complex
- Matt Moorcones of Keller Williams SouthPark - Realtor / Real Estate Agency
- My Home Leasing / Real Estate Agency
- Subway / Take-out & Catering
Property Details for 718 Trade St
- Year built
- 2000
- Lot size
- 0.74 lot acres
- Property size
- 2,992 SF
- Zone code
- UMUD
- Property type
- Office Spaces
- APN
- 7812225
- APU
- 7812225
Description
This exceptional investment opportunity presents a 2,992 square foot convenience store, fully leased to 7-Eleven, located at 718 W Trade St, #A, in Charlotte, North Carolina. The property boasts a strong 6.05% cap rate and a substantial net operating income (NOI) of $60,489. The current lease, signed in 2019, has four years remaining with three additional five-year renewal options, ensuring long-term income stability. Rent increases are built into the lease, with a 10% bump every five years. The property is situated in a prime downtown Charlotte location within a mixed-use area, benefiting from high foot traffic and proximity to major infrastructure, including highways and public transit. The UC zoning designation further enhances the property's versatility and potential for future appreciation. The established 7-Eleven tenant provides a secure and low-management investment, minimizing operational concerns for the owner. This stabilized investment offers a compelling combination of strong cash flow, long-term lease security, and significant potential for capital appreciation in a thriving urban market. The asking price is $1,000,000, translating to a price per square foot of $334.22. The property's parcel number (APN) is 0781-22-25. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property in a rapidly growing city.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $820,000
- 6.5%
- $760,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $967,000
Market price range: $137k - $1.19M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8494
- Latitude
- 35.2331
- 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
$8,643
$0.00
$1,178,300
$1,178,300
-
$0.00
$1,178,300
$1,178,300
