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

    7500 University City Blvd Charlotte, NC 28213

    • Garden apartment buildings
    • 215,899 SF
    • 4.79 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2020
    Value Estimations
    $36,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0868739
    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

    • Garden apartment buildings

    Property Details for 7500 University City Blvd

    Lot size
    4.79 lot acres
    Property size
    215,899 SF
    Zone code
    B2CD
    Property type
    Garden apartment buildings
    APN
    4923101
    APU
    4923101

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $43,540,000
      6.5%
      $40,190,000
      7%
      $37,320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7564
    Latitude
    35.2898
    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
    $97,184
    $4,335,200
    $8,914,100
    $13,249,300
    -
    $4,335,200
    $8,914,100
    $13,249,300

    Comparable in this City

    • Value Estimation
      $11,905,000
      70,152 SF

      3015 J H Wheeler St

      GARDEN APT, COURT APT (5+ UNITS) • 70,152 SF
      3015 J H Wheeler St, Charlotte, NC 28213-7084
      View Details
    • Value Estimation
      $7,275,000
      42,552 SF

      520 Tom Hunter Rd

      GARDEN APT, COURT APT (5+ UNITS) • 42,552 SF
      520 Tom Hunter Rd, Charlotte, NC 28213-5509
      View Details
    • Value Estimation by Request
      66,995 SF

      6736 Tryon St

      GARDEN APT, COURT APT (5+ UNITS) • 66,995 SF
      6736 Tryon St, Charlotte, NC 28213-5512
      View Details
    • Value Estimation
      $1,175,000
      7,112 SF

      6103 Dove Tree Ln

      GARDEN APT, COURT APT (5+ UNITS) • 7,112 SF
      6103 Dove Tree Ln, Charlotte, NC 28213-7806
      View Details
    • Value Estimation
      $1,055,000
      2,320 SF

      4606 Springview Rd

      GARDEN APT, COURT APT (5+ UNITS) • 2,320 SF
      4606 Springview Rd, Charlotte, NC 28213-6740
      View Details
    • Value Estimation
      $5,835,000
      34,008 SF

      Charlotte, NC 28213

      GARDEN APT, COURT APT (5+ UNITS) • 34,008 SF
      Charlotte, NC 28213
      View Details

    Similar Nearby for Sale

    • $2,200,000
      1 SF

      Light Rail Development Opportunity

      1.64 acres near Tom Hunter Light Rail Station.
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      Home in Desirable Location

      Home with fresh paint in a sought after location.
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    • $299,000
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      Spacious Townhome Near University Area

      Private townhome with upgraded flooring, close to amenities.
      3135 Falling Rock Ct, Charlotte, NC 28213
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    • $1,100,000
      1.30 Acres

      High-Visibility Charlotte Commercial Lot

      Corner Lot, High Traffic, 1.3 Acres
      5801 Tryon St, Charlotte, NC 28213
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    • $250,000

      Residential Land in Growing Community

      Large parcel suitable for residential development in appreciating neighborhood.
      4545 Springview Rd, Charlotte, NC 28213
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    • $2,300,000
      5,337 SF

      High-Volume Car Wash and Lube

      Car wash and lube shop in a densely populated area.
      7723 University City Blvd, Charlotte, NC 28213
      View Details

    Similar Nearby for Lease

    • $1,149 /Mo

      Cozy Condo Near UNCC

      Two-bedroom, two-bath condo with updated appliances and included utilities.
      9520 Shannon Green Dr, Charlotte, NC 28213
      View Details
    • $25 SF/Yr
      70,000 SF

      University East Office Condos

      Charlotte, NC Office Space Available
      2501 W.t. Harris Blvd, Charlotte, NC 28213
      View Details
    • $6 SF/Yr
      116,978 SF

      Charlotte Distribution Facility with Trailer Parking

      Industrial facility with ample trailer parking, near I-85.
      6924 Orr Rd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      23,500 SF

      Retail Space on University City

      Retail property for rent with strong traffic and highway signage.
      8110-8116 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing

      Redeveloped Outparcel Near University

      High-profile retail space near university and shopping center.
      8420 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      118,056 SF

      Charlotte Retail Center - University Area

      Prime retail space, 44,941 sq ft available.
      8711 University Dr, Charlotte, NC 28213
      View Details
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    7500 University City Blvd
    Charlotte, NC 28213
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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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