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

    8540 Independence Blvd Charlotte, NC 28227-7783

    • Hotels
    • 56,696 SF
    • 2.95 lot acres
    OFF-MARKET
    Value Estimations
    $4,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2375767
    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

    • Fairfield Inn & Suites Charlotte Matthews / Hotel & Motel
    • 8540 East Independence Boulevard Parking / Parking Lot & Garage
    • Fairfield Inn / Hotel & Motel

    Property Details for 8540 Independence Blvd

    Year built
    2010
    Lot size
    2.95 lot acres
    Property size
    56,696 SF
    Zone code
    CC
    Property type
    Hotels
    APN
    19311208
    APU
    19311208

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,050,000
      6.5%
      $4,660,000
      7%
      $4,330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7265
    Latitude
    35.1476
    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
    $65,316
    $4,010,000
    $4,894,700
    $8,904,700
    -
    $4,010,000
    $4,894,700
    $8,904,700

    Comparable in this City

    • Value Estimation
      $3,165,000
      43,536 SF

      8530 Independence Blvd

      MOTEL • 43,536 SF
      8530 Independence Blvd, Charlotte, NC 28227-7783
      View Details
    • 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 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
      2.01 Acres

      6814 Long Rd

      VACANT COMMERCIAL LAND • 2.01 Acres
      6814 Long Rd, Mint Hill, NC 28227-5661
      View Details

    Similar Nearby for Sale

    • $285,000
      0.46 Acres

      Prime Commercial Lot, Mint Hill

      High-visibility commercial parcel in the heart of downtown Mint Hill.
      4309 Wilgrove Mint Hill Rd, Mint Hill, 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
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    • 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
    • New
      $620,000
      0.33 Acres

      Duplex in Convenient Charlotte Location

      Duplex near schools, shopping, and dining in Charlotte, NC.
      5729 Brickstone Dr, Charlotte, NC 28227
      View Details
    • $230,000
      2.52 Acres

      Residential Land in Mint Hill

      2.52-acre residential homesite with privacy in Mint Hill, NC.
      4027 Mintwood Dr, Mint Hill, NC 28227
      View Details
    • $295,000
      2.02 Acres

      Land in Mint Hill, NC

      Residential land for sale in Mint Hill, North Carolina.
      9113 Brief Rd, Mint Hill, NC 28227
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Land For Rent Opportunity

      Land available for rent near Cresswind Charlotte & Novant Health.
      12530 Albemarle Rd, Mint Hill, NC 28227
      View Details
    • $9,167 /Mo
      3,710 SF

      Former Restaurant with Drive-Thru

      3,710 SF former restaurant with drive-thru on 0.97 acres.
      6200 Wilson Grove Rd, Charlotte, NC 28227
      View Details
    • Contact for pricing

      Creative Office Park Near Uptown

      Re-developed office park centrally located near Uptown Charlotte.
      7500 E Independence Blvd, Charlotte, NC 28227
      View Details

    Property Visit Statistics

    • Visits by month
      5.4k
    • Visitors by month
      2.5k
    • Avg Time on site
      491 min
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    8540 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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