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

    8030 Shorewood Dr Charlotte, NC 28277-9872

    • Garden apartment buildings
    • 3,992 SF
    • 10.06 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    6.3%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US53-2046326
    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 8030 Shorewood Dr

    Year built
    1979
    Lot size
    10.06 lot acres
    Property size
    3,992 SF
    Zone code
    R15PUD
    Property type
    Garden apartment buildings
    APN
    22515204
    APU
    22515204

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $670,000
      6.5%
      $620,000
      7%
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7832
    Latitude
    35.0945
    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
    $98,810
    $4,771,100
    $8,699,900
    $13,471,000
    -
    $4,771,100
    $8,699,900
    $13,471,000

    Comparable in this City

    • Value Estimation
      $1,385,000
      74,275 SF

      15729 Greythorne Dr

      GARDEN APT, COURT APT (5+ UNITS) • 74,275 SF
      15729 Greythorne Dr, Charlotte, NC 28277-4746
      View Details
    • Value Estimation
      $1,010,000
      19,240 SF

      11403 Foxhaven Dr

      GARDEN APT, COURT APT (5+ UNITS) • 19,240 SF
      11403 Foxhaven Dr, Charlotte, NC 28277-6544
      View Details
    • Value Estimation by Request
      17,041 SF

      6717 Fishers Farm Ln

      GARDEN APT, COURT APT (5+ UNITS) • 17,041 SF
      6717 Fishers Farm Ln, Charlotte, NC 28277-0347
      View Details
    • Value Estimation by Request
      14,836 SF

      10405 Mahonia St

      GARDEN APT, COURT APT (5+ UNITS) • 14,836 SF
      10405 Mahonia St, Charlotte, NC 28277-3940
      View Details
    • Value Estimation by Request
      18,220 SF

      7905 Spindletop Pl

      GARDEN APT, COURT APT (5+ UNITS) • 18,220 SF
      7905 Spindletop Pl, Charlotte, NC 28277-6538
      View Details
    • Value Estimation
      $575,000
      9,272 SF

      5724 Sage Hls Dr

      GARDEN APT, COURT APT (5+ UNITS) • 9,272 SF
      5724 Sage Hls Dr, Charlotte, NC 28277-0644
      View Details

    Similar Nearby for Sale

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      Luxury Condo in Ballantyne Community

      Upgraded 2-bedroom condo with modern amenities in prime location.
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      Bright Ballantyne End Unit

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      Spacious Townhouse with Modern Amenities

      Two-story end-unit townhouse near shops and restaurants with community pool.
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      Charlotte Medical Office Building

      Prime 26,400 SF Medical Office Opportunity
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      Commercial Condo in Fox Run

      Office condo for sale in growing Charlotte business park.
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    • $400,975
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      Office Space Available For Sale

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

    Similar Nearby for Lease

    • $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
    • $1,850 /Mo

      Updated Townhome in Ballantyne Community

      Updated townhome featuring two master suites and modern finishes.
      15485 Asterwind Ct, Charlotte, NC 28277
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    • $45 SF/Yr
      5,189 SF

      Ballantyne Village Office Space

      Office space available in Ballantyne Village, Charlotte.
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      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
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    • $36 SF/Yr
      2,241 SF

      Ballantyne Commons Parkway Office Space

      Office space available for lease in Charlotte, North Carolina.
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      View Details
    • $28 SF/Yr
      3,684 SF

      Furnished Office Condo For Lease

      3,684 SF fully furnished office condo available immediately.
      12610 N Community House Rd, Charlotte, NC 28277
      View Details
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    8030 Shorewood Dr
    Charlotte, NC 28277-9872
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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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