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    Property profile & analytics

    7221 Albemarle Rd Charlotte, NC 28227-8130

    • Retail space
    • 3,484 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $905,000
    Last Sale
    Oct 19, 2023
    $850,000
    Location Intelligence
    Property ID
    US53-5597619
    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

    • Retail space

    Property Details for 7221 Albemarle Rd

    Year built
    1985
    Lot size
    0.34 lot acres
    Property size
    3,484 SF
    Zone code
    B-1
    Property type
    Retail space
    APN
    10916159
    APU
    10916159

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $910,000

    • CAP approach

      CAP return
      Estimation
      6%
      $850,000
      6.5%
      $830,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $825,000
      Geo Method
      $925,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,000,000
      Retail
      $850,000
      Mixed-Use
      $965,000
      Hospitality
      $725,000
      Educational
      $960,000
      Residential Income
      $1,020,000
      Energy
      $945,000
      Income-Based Land
      $855,000
      Food Service
      $970,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7208
    Latitude
    35.2045
    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
    $4,797
    $399,900
    $254,100
    $654,000
    -
    $399,900
    $254,100
    $654,000

    Comparable in this City

    • Value Estimation by Request
      1.37 Acres

      & I-485 Albemarle Rd

      Individual retail properties • 1.37 Acres
      & I-485 Albemarle Rd, Charlotte, NC 28227
      View Details
    • Value Estimation
      $8,760,000
      147,546 SF

      2408 Sardis N Rd

      RETAIL STORES (PERSONAL SERVICES) • 147,546 SF
      2408 Sardis N Rd, Charlotte, NC 28227-7721
      View Details
    • Value Estimation
      $350,000
      1,764 SF

      Matthews, NC 28227

      RETAIL STORES (PERSONAL SERVICES) • 1,764 SF
      Matthews, NC 28227
      View Details
    • Value Estimation
      $350,000
      1,560 SF

      6718 Wilgrove Mint Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,560 SF
      6718 Wilgrove Mint Hl Rd, Charlotte, NC 28227
      View Details
    • Value Estimation
      $230,000
      768 SF

      6708 Wilgrove Mint Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      6708 Wilgrove Mint Hl Rd, Charlotte, NC 28227
      View Details
    • Value Estimation
      $400,000
      4,995 SF

      11349 Bain School Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,995 SF
      11349 Bain School Rd, Mint Hill, NC 28227-7536
      View Details

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    Similar Nearby for Lease

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      View Details
    • $20 SF/Yr
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      Retail Space on Albemarle Road

      High-visibility retail space with ample parking and flexible floor plan.
      9238-9252 Albemarle Rd, Charlotte, NC 28227
      View Details
    • Contact for pricing

      Retail/Restaurant Space in Charlotte, NC

      Retail or restaurant space available in Charlotte, NC.
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      Retail Space Near Publix

      Retail and restaurant spaces available in Publix-anchored development.
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      Retail Showroom Space For Lease

      Retail showroom space with dock door, easy highway access.
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      Independence Square Retail Space

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      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      3.2k
    • Avg Time on site
      8 min
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    Charlotte, NC 28227-8130
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    Realmo Value Estimation

    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.

    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.

    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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