Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7415 Waverly Walk Ave Charlotte, NC 28277-8026

    • Hotels
    • 87,054 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $4,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4809970
    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

    • Hotels

    Property Details for 7415 Waverly Walk Ave

    Year built
    2017
    Lot size
    0.86 lot acres
    Property size
    87,054 SF
    Property type
    Hotels
    APN
    23113152
    APU
    23113152

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,185,000
      Market price range: $980k - $7.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7667
    Latitude
    35.0515
    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
    $136,701
    $2,080,600
    $16,556,200
    $18,636,800
    -
    $2,080,600
    $16,556,200
    $18,636,800

    Comparable in this City

    • Value Estimation
      $3,935,000
      74,604 SF

      6319 Providence Farm Ln

      HOTEL • 74,604 SF
      6319 Providence Farm Ln, Charlotte, NC 28277-7253
      View Details
    • Value Estimation
      $4,380,000
      89,484 SF

      Charlotte, NC 28277

      HOTEL • 89,484 SF
      Charlotte, NC 28277
      View Details
    • Value Estimation
      $7,415,000
      89,818 SF

      12030 Copper Way

      HOTEL • 89,818 SF
      12030 Copper Way, Charlotte, NC 28277-4484
      View Details
    • Value Estimation by Request
      1.51 Acres

      Charlotte, NC 28277

      HOTEL/MOTEL • 1.51 Acres
      Charlotte, NC 28277
      View Details
    • Value Estimation
      $2,390,000
      47,450 SF

      13015 Ballantyne Corporate Pl

      HOTEL • 47,450 SF
      13015 Ballantyne Corporate Pl, Charlotte, NC 28277-1498
      View Details
    • Value Estimation
      $5,615,000
      88,388 SF

      5115 Piper Sta Dr

      HOTEL • 88,388 SF
      5115 Piper Sta Dr, Charlotte, NC 28277-6513
      View Details

    Similar Nearby for Sale

    • $4,900,000
      26,400 SF

      Charlotte Medical Office Building

      Prime 26,400 SF Medical Office Opportunity
      0 Red Rust Ln, Charlotte, NC 28277
      View Details
    • $675,000
      2,849 SF

      Spacious Townhouse with Modern Amenities

      Two-story end-unit townhouse near shops and restaurants with community pool.
      10310 Blairbeth St, Charlotte, NC 28277
      View Details
    • $400,975
      1,250 SF

      Office Space Available For Sale

      Office property with 1250 square feet of space.
      17232 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $315,000

      Luxury Condo in Ballantyne Community

      Upgraded 2-bedroom condo with modern amenities in prime location.
      12355 Copper Mountain Blvd, 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
    • $1,250,000
      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

    Similar Nearby for Lease

    • $45 SF/Yr
      5,189 SF

      Ballantyne Village Office Space

      Office space available in Ballantyne Village, Charlotte.
      14819 Ballantyne Village Way, Charlotte, NC 28277
      View Details
    • $2,500 /Mo
      2,172 SF

      Spacious Townhome with Bonus Room

      Two-story townhome with bonus room, 3 bedrooms, and 2.5 bathrooms.
      8328 Indigo Row, Charlotte, NC 28277
      View Details
    • $32 SF/Yr
      7,970 SF

      Versatile Office Space For Rent

      Customizable office space in Old Lancaster Town Center.
      15009 Lancaster Hwy, Charlotte, NC 28277
      View Details
    • $22 SF/Yr
      11,933 SF

      Charlotte Office Space: Prime Location

      Prestigious Charlotte office suites, flexible options.
      3440 Toringdon Way, Charlotte, NC 28277
      View Details
    • Contact for pricing
      2,653 SF

      Prime Office Space in Ballantyne

      Thriving Ballantyne location with high visibility and ample parking.
      14815 Ballantyne Village 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
    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.
    7415 Waverly Walk Ave
    Charlotte, NC 28277-8026
    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

    Google sign-in failed. Please try again or use another login method.