Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8420 University City Blvd Charlotte, NC 28213
    Back to Search
    Property profile & analytics

    8420 University City Blvd Charlotte, NC 28213

    View on Map
    • Strip malls
    • 7,969 SF
    • 2.74 lot acres
    For Lease
    $5,265,000
    View Listing →
    Redeveloped Outparcel Near University For Lease
    $5,265,000

    Redeveloped Outparcel Near University

    High-profile retail space near university and shopping center.

    8420 University City Blvd, Charlotte, NC 28213
    View Listing
    Property ID
    US53-1136899
    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
    $5,265,000
    Cap Rate Potential
    2.9%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • U.S. Bank Branch / Bank / Loan Service
    • Orangetheory Fitness / Gym & Fitness Center
    • Starbucks / Cafe & Coffee Shop
    • Commons At Chancellor Park / Shopping Center & Mall

    Property Details for 8420 University City Blvd

    Year built
    2021
    Lot size
    2.74 lot acres
    Property size
    7,969 SF
    Zone code
    B-1SCD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    4928211
    APU
    4928211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,365,000
      ML approach
      $5,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,597,000
      Market price range: $1.16M - $3.60M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,505,000
      RESTAURANT
      $5,095,000
      MEDICAL BUILDING
      $3,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7416
    Latitude
    35.2956
    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
    $37,103
    $3,881,700
    $1,176,700
    $5,058,400
    -
    $3,881,700
    $1,176,700
    $5,058,400

    Comparable in this City

    • Value Estimation
      $1,300,000
      7,848 SF

      5655 Tryon St

      SHOPPING CENTER, STRIP CENTER • 7,848 SF
      5655 Tryon St, Charlotte, NC 28213-6831
      View Details
    • Value Estimation
      $4,390,000
      24,159 SF

      6301 Tryon St

      SHOPPING CENTER, STRIP CENTER • 24,159 SF
      6301 Tryon St, Charlotte, NC 28213-8067
      View Details
    • Value Estimation
      $3,795,000
      23,400 SF

      10901 University City Blvd

      SHOPPING CENTER, STRIP CENTER • 23,400 SF
      10901 University City Blvd, Charlotte, NC 28213-9300
      View Details
    • Value Estimation
      $1,760,000
      4,590 SF

      225 Sugar Crk Rd

      SHOPPING CENTER, STRIP CENTER • 4,590 SF
      225 Sugar Crk Rd, Charlotte, NC 28213-6908
      View Details
    • Value Estimation
      $8,635,000
      121,290 SF

      4520 Tryon St

      SHOPPING CENTER, STRIP CENTER • 121,290 SF
      4520 Tryon St, Charlotte, NC 28213-6931
      View Details
    • Value Estimation
      $2,725,000
      14,670 SF

      5210 Tryon St

      SHOPPING CENTER, STRIP CENTER • 14,670 SF
      5210 Tryon St, Charlotte, NC 28213-7065
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,000 SF

      Prime Redevelopment Opportunity in Charlotte

      2.2-acre site with income and redevelopment potential.
      4405 N Tryon St, Charlotte, NC 28213
      View Details
    • Contact for pricing

      Freestanding Retail Outparcel with Drive-Thru

      3,410 SF former bank branch with 3-lane drive-thru.
      6709 N Tryon St, Charlotte, NC 28213
      View Details
    • Contact for pricing
      26,348 SF

      Charlotte Industrial Portfolio For Sale

      Five industrial properties in Charlotte's high-demand industrial corridors.
      7608 Grier Rd, Charlotte, NC 28213
      View Details
    • $350,000
      1.67 Acres

      Prime Development Opportunity in Charlotte

      1.672-acre site in University City, Charlotte, North Carolina.
      E W T Harris Blvd, 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
      View Details
    • $1,200,000

      Undeveloped Land Near Light Rail

      1.22 acre corner lot near Blue Line Light Rail.
      6797 N Tryon St, Charlotte, NC 28213
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,221 SF

      Retail Space Near UNC Charlotte

      Retail suites available near UNC Charlotte with ample parking.
      10039 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      4,110 SF

      Retail Space in Harris Teeter Anchored Center

      4,110 SF retail space available July 1, 2025.
      8509-8640 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing

      Retail Space in Charlotte

      Prime retail location near University City and UNC Charlotte.
      8711 University Dr E, Charlotte, NC 28213
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent in Charlotte, North Carolina.
      8110 University City Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for rent at 1120 W Sugar Creek Rd.
      1120 W Sugar Creek 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

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.5k
    • Avg Time on site
      12 min
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8420 University City Blvd
    Charlotte, NC 28213
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8420 University City Blvd, Charlotte, NC, 28213
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!