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

    7735 University City Blvd Charlotte, NC 28213-8119

    • Hotels
    • 70,749 SF
    • 2.80 lot acres
    OFF-MARKET
    Last Sale
    Nov 08, 2023
    $9,900,000
    Value Estimations
    $10,290,000
    Show details
    Cap Rate Potential
    3.1%
    Hotels
    Location Intelligence
    Property ID
    US53-2147051
    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

    • Comfort Suites University - Research Park / Hotel
    • Project Management Workshop / Hotel

    Property Details for 7735 University City Blvd

    Year built
    1997
    Lot size
    2.80 lot acres
    Property size
    70,749 SF
    Zone code
    B-2
    Property type
    Hotels
    APN
    4924110
    APU
    4924110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,585,000
      ML approach
      $10,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,880,000
      Market price range: $7.78M - $15.7M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $10,905,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7534
    Latitude
    35.2932
    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
    $77,940
    $2,080,100
    $8,545,600
    $10,625,700
    -
    $2,080,100
    $8,545,600
    $10,625,700

    Comparable in this City

    • Value Estimation
      $1,460,000
      21,254 SF

      1111 Sugar Crk Rd

      MOTEL • 21,254 SF
      1111 Sugar Crk Rd, Charlotte, NC 28213-5419
      View Details
    • Value Estimation
      $1,050,000
      16,632 SF

      6426 Tryon St

      MOTEL • 16,632 SF
      6426 Tryon St, Charlotte, NC 28213-7916
      View Details
    • Value Estimation
      $670,000
      9,476 SF

      1100 Sugar Crk Rd

      MOTEL • 9,476 SF
      1100 Sugar Crk Rd, Charlotte, NC 28213-5420
      View Details
    • Value Estimation
      $2,715,000
      37,512 SF

      7410 Tryon St

      MOTEL • 37,512 SF
      7410 Tryon St, Charlotte, NC 28213-7401
      View Details
    • Value Estimation
      $4,005,000
      60,888 SF

      8812 University E Dr

      MOTEL • 60,888 SF
      8812 University E Dr, Charlotte, NC 28213-4169
      View Details
    • Value Estimation
      $920,000
      12,112 SF

      1200 Sugar Crk Rd

      MOTEL • 12,112 SF
      1200 Sugar Crk Rd, Charlotte, NC 28213-5422
      View Details

    Similar Nearby for Sale

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      High-Visibility Charlotte Commercial Lot

      Corner Lot, High Traffic, 1.3 Acres
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    • $250,000

      Residential Land in Growing Community

      Large parcel suitable for residential development in appreciating neighborhood.
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    • $2,300,000
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      High-Volume Car Wash and Lube

      Car wash and lube shop in a densely populated area.
      7723 University City Blvd, Charlotte, NC 28213
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    • $1,000,000
      Pending

      Charlotte Commercial Land For Sale

      3.507 acre commercial land parcel in Charlotte, North Carolina.
      6519 Old Concord Rd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      21,900 SF

      Modern Industrial Flex Space

      Newly built, fully leased flex space with versatile layout.
      1700-1710 Industrial Center Cir, Charlotte, NC 28213
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    • $1,200,000

      Undeveloped Land Near Light Rail

      1.22 acre corner lot near Blue Line Light Rail.
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    Similar Nearby for Lease

    • $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.
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      View Details
    • Contact for pricing
      12,500 SF

      Medical Office Space For Lease

      Class A medical office space available near Atrium Health.
      Rocky River Rd, Charlotte, NC 28213
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      2.3k
    • Avg Time on site
      485 min
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    7735 University City Blvd
    Charlotte, NC 28213-8119
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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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