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    7300 Carmel Executive Park Dr Charlotte, NC 28226-1322
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    Property profile & analytics

    7300 Carmel Executive Park Dr, Charlotte, NC 28226-1322

    View on Map
    • Office buildings
    • 34,159 SF
    • 1.51 lot acres
    Off-Market
    Property ID
    US53-1697361
    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
    $8,125,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SUPREME LENDING / Real Estate Agency
    • Rebecca Batchelor / Physician
    • Brackett & Associates / Insurance Agency
    • Carolina Kinder Development / Physician

    Property Details for 7300 Carmel Executive Park Dr

    Year built
    1989
    Lot size
    1.51 lot acres
    Property size
    34,159 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    21120106
    APU
    21120106

    Description

    7300 Carmel Executive Park offers exceptional executive office space in Charlotte, NC. This three-story building, totaling 32,473 square feet, is part of a larger, six-building office park encompassing 223,000 square feet. Currently, 2,797 square feet are available for lease. Built in 1990, the property sits on 1.46 acres of land and is zoned O-1. The building features multiple tenancies, allowing for flexibility in space requirements. The location is highly convenient, situated at the intersection of Pineville-Matthews Road (Highway 51) and Carmel Road, within the 485/South submarket of Charlotte. Suite sizes within the entire park range from 462 to 19,838 rentable square feet, providing options for businesses of various sizes. The address is 7300 Carmel Executive Park Dr, Charlotte, NC 28226. This property presents a unique opportunity for businesses seeking a well-maintained, strategically located office space in a thriving Charlotte submarket. The available space is 2,797 square feet, with individual suites ranging in size to accommodate diverse business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,380,000
      6.5%
      $8,655,000
      7%
      $8,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,201,000
      Market price range: $8.15M - $18.4M
      AI Estimate
      $6,520,000
      Market price range: $5.07M - $14.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,960,000
      Current use
      RETAIL STORES
      $11,065,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.841
    Latitude
    35.0878
    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
    $41,966
    $2,221,400
    $3,499,900
    $5,721,300
    -
    $2,221,400
    $3,499,900
    $5,721,300

    Comparable in this City

    • Value Estimation
      $20,900,000
      85,687 SF

      11111 Carmel Cmns Blvd

      OFFICE BUILDING • 85,687 SF
      11111 Carmel Cmns Blvd, Charlotte, NC 28226-5319
      View Details
    • Value Estimation
      $24,865,000
      102,680 SF

      8000 Corporate Ctr Dr

      OFFICE BUILDING • 102,680 SF
      8000 Corporate Ctr Dr, Charlotte, NC 28226-4464
      View Details
    • Value Estimation
      $10,960,000
      139,183 SF

      6701 Carmel Rd

      OFFICE BUILDING • 139,183 SF
      6701 Carmel Rd, Charlotte, NC 28226-3983
      View Details
    • Value Estimation by Request
      1.04 Acres

      Carmel Executive Park

      OFFICE BUILDING • 1.04 Acres
      Carmel Executive Park, Charlotte, NC 28226
      View Details
    • Value Estimation by Request
      0.00 Acres

      Bannington Rd

      OFFICE BUILDING • 0.00 Acres
      Bannington Rd, Charlotte, NC 28226
      View Details
    • Value Estimation
      $5,040,000
      16,576 SF

      3129 Springbank Ln

      OFFICE BUILDING • 16,576 SF
      3129 Springbank Ln, Charlotte, NC 28226-3345
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Office Building with Amenities

      Newly renovated office building with retail, ample parking, and amenities.
      11111 Carmel Commons Blvd, Charlotte, NC 28226
      View Details
    • Contact for pricing
      1,610 SF

      Corporate Center Office For Sale

      Office space with ample parking in established business area.
      8037 Corporate Center Dr, Charlotte, NC 28226
      View Details
    • $2,500,000
      3.02 Acres

      Residential Land in South Charlotte

      Development opportunity in a desirable, rapidly growing South Charlotte location.
      7000 Old Providence Rd, Charlotte, NC 28226
      View Details
    • New
      $324,800
      0.19 Acres

      Developed Lot in South Charlotte

      Ready-to-build lot in prime location near shopping and recreation.
      6814 Larrisa Ct, Charlotte, NC 28226
      View Details
    • $949,000
      1.14 Acres

      South Park Acreage, Build Dream Home

      Rare 1.14-acre lot in the heart of South Park.
      4819 Camilla Dr, Charlotte, NC 28226
      View Details
    • $978,000
      0.69 Acres

      SouthPark Land Investment Opportunity

      Prime 0.69-acre lot in SouthPark with redevelopment potential.
      4640 Town And Country Dr, Charlotte, NC 28226
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building in Belle Grove

      Office building with ample parking and convenient highway access.
      3315 Springbank Ln, Charlotte, NC 28226
      View Details
    • Contact for pricing

      Carmel Executive Park Office Space

      Office park with flexible suites in Charlotte's 485/South submarket.
      7301 Carmel Executive Park Dr, Charlotte, NC 28226
      View Details
    • Contact for pricing

      Carmel Executive Park Office Space

      Master-planned office park with flexible suite sizes for rent.
      7421 Carmel Executive Park Dr, Charlotte, NC 28226
      View Details
    • $24 SF/Yr
      1,050 SF

      Professional Office Space For Rent

      Second floor office space available December 1st.
      10801 Johnston Rd, Charlotte, NC 28226
      View Details
    • Contact for pricing

      Office Space at Highway 51

      Office space conveniently located at the intersection of NC Highway 51.
      7621 Little Ave, Charlotte, NC 28226
      View Details
    • $2,300 /Mo
      348,480 SF

      Professional Office Suite in Charlotte

      Convenient office suite near Ballantyne with walkable amenities.
      10718 Carmel Cmns Blvd, Charlotte, NC 28226
      View Details
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    Charlotte, NC 28226-1322
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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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