8415 Old Statesville Rd Charlotte, NC 28269-1850
Property profile & analytics
8415 Old Statesville Rd Charlotte, NC 28269-1850
- Auto shops
- 5,668 SF
- 0.97 lot acres
Property ID
US53-0461348
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.
Location Intelligence
Current Use by Public Records
- Goodyear Auto Service / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 8415 Old Statesville Rd
- Year built
- 2000
- Lot size
- 0.97 lot acres
- Property size
- 5,668 SF
- Zone code
- I-2
- Property type
- Auto shops
- APN
- 3725315
- APU
- 3725315
Description
This exceptional investment opportunity presents a 5,668 square foot auto service center in Charlotte, NC, currently 100% occupied by Goodyear Auto Service, Caliber Collision, Take 5 Oil Change, and Mavis Discount Tires. Located at 8415 Old Statesville Rd, in Mecklenburg County (zip code 28269), this property sits on a 0.97-acre lot and boasts a strong 6.28% cap rate, generating a Net Operating Income (NOI) of $75,420. The building, constructed in 2000, benefits from a corporate guarantee lease with a remaining term of 5 years, featuring annual rent increases. The current rent per square foot is $9.45, significantly below market rates, offering substantial upside potential. This high-visibility location on a busy thoroughfare sees over 137,000 vehicles daily, ensuring consistent customer traffic. The property benefits from a low local vacancy rate of under 3%, providing market stability and ease of future tenant retention. Charlotte's position as the 15th largest city in the US ensures long-term growth and population influx, making this a secure and profitable investment. The tenant's recent lease extension underscores their commitment to this prime location. The enduring need for tire service centers, even in the face of electric vehicles and e-commerce, further solidifies this investment's long-term viability. Asking price is $1,200,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,125,000
- ML approach
- $1,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,488,000
Market price range: $862k - $1.56M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,260,000 Current use
- RETAIL STORES
- $1,835,000 Change: +46% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,695,000 Change: +34% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8263
- Latitude
- 35.3362
- 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
$7,620
$580,500
$458,300
$1,038,800
-
$580,500
$458,300
$1,038,800
