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    8217 Fairview Rd Mint Hill, NC 28227-7615
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    8217 Fairview Rd Mint Hill, NC 28227-7615

    View on Map
    • Warehouses
    • 8,510 SF
    • 0.89 lot acres
    Off-Market
    Last Sale May 21, 2025
    $2,075,000
    Property ID
    US53-0858667
    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
    $1,610,000
    Show details
    Cap Rate Potential
    3.7%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 8217 Fairview Rd

    Year built
    1971
    Lot size
    0.89 lot acres
    Property size
    8,510 SF
    Zone code
    I-G
    Property type
    Warehouses
    APN
    13901123
    APU
    13901123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,660,000
      ML approach
      $1,705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,180,000
      Market price range: $673k - $1.73M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,150,000
      Current use
      OFFICE BUILDING
      $2,675,000
      Change: +132% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,545,000
      Change: +121% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mint Hill
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6432
    Latitude
    35.1795
    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
    $7,077
    $369,600
    $644,200
    $1,013,800
    -
    $369,600
    $644,200
    $1,013,800

    Comparable in this City

    • Value Estimation
      $1,530,000
      20,292 SF

      2215 Crown Ctr Dr

      WAREHOUSE, STORAGE • 20,292 SF
      2215 Crown Ctr Dr, Charlotte, NC 28227-7703
      View Details
    • Value Estimation
      $1,780,000
      29,672 SF

      4500 Morris Park Dr

      WAREHOUSE, STORAGE • 29,672 SF
      4500 Morris Park Dr, Mint Hill, NC 28227-9200
      View Details
    • Value Estimation
      $1,155,000
      12,090 SF

      8200 Tower Pt Dr

      WAREHOUSE, STORAGE • 12,090 SF
      8200 Tower Pt Dr, Charlotte, NC 28227-6745
      View Details
    • Value Estimation
      $3,415,000
      53,495 SF

      8001 Tower Pt Dr

      WAREHOUSE, STORAGE • 53,495 SF
      8001 Tower Pt Dr, Charlotte, NC 28227-7726
      View Details
    • Value Estimation by Request
      7,220 SF

      9607 Idlewild Rd

      WAREHOUSE, STORAGE • 7,220 SF
      9607 Idlewild Rd, Mint Hill, NC 28227-6018
      View Details
    • Value Estimation by Request
      1,200 SF

      8400 Blair Rd

      WAREHOUSE, STORAGE • 1,200 SF
      8400 Blair Rd, Charlotte, NC 28227
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Industrial Flex Space in Matthews

      36,479 SF flex space near Highway 74.
      8012 Tower Point Dr, Charlotte, NC 28227
      View Details
    • $3,000,000
      12,464 SF

      Crown Point Retail/Flex Opportunity

      Retail/flex space in mixed-use development, convenient location.
      2200 Crown Centre Dr, Charlotte, NC 28227
      View Details
    • $2,400,000

      Church Facility For Sale

      Existing church facility with large field in Charlotte, NC.
      7700 Lawyers Rd, Charlotte, NC 28227
      View Details
    • Contact for pricing
      8,784 SF

      Retail Space on Independence Blvd

      Retail space for sale on a highly traveled highway.
      7511 E Independence Blvd, Charlotte, NC 28227
      View Details
    • $330,000
      0.92 Acres

      Mint Hill Land For Sale

      Land in Mint Hill, NC, for building a custom home.
      12804 Early Meadow Way, Mint Hill, NC 28227
      View Details
    • $400,000
      1.91 Acres

      Mint Hill Land Opportunity

      1.91-acre homesite in equestrian-themed community near Charlotte.
      6421 Joli Cheval Ln, Mint Hill, NC 28227
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mint Hill Warehouse Space

      Warehouse/distribution space available in Mint Hill, North Carolina.
      10650 Blair Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Flex Space Sublease Opportunity

      6,065 SF flex space available for sublease through April 2030.
      2300 Sardis Rd N, Charlotte, NC 28227
      View Details
    • Contact for pricing
      4,033 SF

      Mint Hill Flex/Industrial Space

      Flex and industrial spaces available for lease in Mint Hill.
      10836 Clear Creek Commerce Dr, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Prime Land in Mint Hill

      High-growth location with considerable potential in a thriving area.
      11325 Blair Rd, Mint Hill, NC 28227
      View Details
    • $2,810 /Mo
      8,712 SF

      Mint Hill Office Space Available

      Office space with reception, offices, conference room, and kitchen.
      4700 Lebanon Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing
      29,807 SF

      Charlotte Office Sublease Opportunity

      1,376 SF Move-In Ready Office Space
      7504 Independence Blvd, Charlotte, NC 28227
      View Details
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    8217 Fairview Rd
    Mint Hill, NC 28227-7615
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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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