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

    8530 Independence Blvd Charlotte, NC 28227-7783

    • Motels
    • 43,536 SF
    • 4.96 lot acres
    OFF-MARKET
    Value Estimations
    $3,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1050891
    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

    • Ladycabbie's Taxi Service / Courier Service
    • InTown Suites Extended Stay Charlotte NC - East Independence Blvd / Hotel & Motel / Vacation Rental

    Property Details for 8530 Independence Blvd

    Year built
    1999
    Lot size
    4.96 lot acres
    Property size
    43,536 SF
    Zone code
    CC
    Property type
    Motels
    APN
    19311207
    APU
    19311207

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,875,000
      6.5%
      $3,580,000
      7%
      $3,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7271
    Latitude
    35.1483
    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
    $44,526
    $5,803,900
    $266,400
    $6,070,300
    -
    $5,803,900
    $266,400
    $6,070,300

    Comparable in this City

    • Value Estimation
      $7,270,000
      39,513 SF

      2501 Sardis N Rd

      MOTEL • 39,513 SF
      2501 Sardis N Rd, Charlotte, NC 28227-7724
      View Details
    • Value Estimation
      $2,470,000
      38,532 SF

      7135 Albemarle Rd

      MOTEL • 38,532 SF
      7135 Albemarle Rd, Charlotte, NC 28227-8126
      View Details
    • Value Estimation
      $4,285,000
      56,696 SF

      8540 Independence Blvd

      HOTEL • 56,696 SF
      8540 Independence Blvd, Charlotte, NC 28227-7783
      View Details
    • Value Estimation by Request
      0.84 Acres

      51 At Fairview Rd Hwy

      Land • 0.84 Acres
      51 At Fairview Rd Hwy, Mint Hill, NC 28227
      View Details
    • Value Estimation by Request
      2.31 Acres

      Independence Blvd

      VACANT COMMERCIAL LAND • 2.31 Acres
      Independence Blvd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      0.18 Acres

      Fairview Rd

      VACANT COMMERCIAL LAND • 0.18 Acres
      Fairview Rd, Charlotte, NC 28227
      View Details

    Similar Nearby for Sale

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      1.63 Acres

      Charlotte Land for Custom Home

      1.63 acres of wooded land, ideal for custom home.
      8206 Caliterra Dr, Charlotte, NC 28227
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      Commercial Land Near Mint Hill

      Outparcel location near downtown Mint Hill with highway frontage.
      51 At Fairview Rd Hwy 218, Charlotte, NC 28227
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      Former Bank Branch with Drive-Thru

      3,408 SF former bank branch on 1.64 acres for sale.
      8916 Albemarle Rd, Charlotte, NC 28227
      View Details
    • $1,400,000

      Land For Sale Mint Hill

      Land available for sale in Mint Hill, North Carolina.
      8316 Blair Rd, Mint Hill, NC 28227
      View Details
    • $349,000

      Land in Cheval Community

      Land with views of Joli Cheval Equestrian Center.
      6639 Joli Cheval Ln, Mint Hill, NC 28227
      View Details

    Similar Nearby for Lease

    • $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

      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

      Prime Land in Mint Hill

      High-growth location with considerable potential in a thriving area.
      11325 Blair Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Creative Office Park for Lease

      Re-developed office park centrally located with easy access to highways.
      7508 E Independence Blvd, 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

      Flex Space Sublease Opportunity

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

    Property Visit Statistics

    • Visits by month
      9.0k
    • Visitors by month
      732
    • Avg Time on site
      698 min
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    8530 Independence Blvd
    Charlotte, NC 28227-7783
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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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