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    Property profile & analytics

    8600 Wilkinson Blvd Charlotte, NC 28214-8059

    • Warehouses
    • 34,946 SF
    • 3.35 lot acres
    OFF-MARKET
    Last Sale
    Jul 23, 2021
    $4,470,000
    Value Estimations
    $4,485,000
    Show details
    Cap Rate Potential
    8.3%
    Warehouses
    Location Intelligence
    Property ID
    US53-1005121
    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

    • Warehouses

    Property Details for 8600 Wilkinson Blvd

    Year built
    1980
    Lot size
    3.35 lot acres
    Property size
    34,946 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    5321116
    APU
    5321116

    Description

    This exceptional 12,000-square-foot industrial property, located at 8600 Wilkinson Blvd in Charlotte, North Carolina, presents a unique opportunity for businesses seeking versatile warehouse, distribution, flex, or manufacturing space. The entire building, encompassing a single suite, is currently available for lease. The property sits on a substantial 10-acre lot, offering ample space for expansion or outdoor storage. The building features one dock-high loading door and one 12x12 drive-in door, facilitating efficient loading and unloading operations. The interior boasts a large, open floor plan, providing flexibility for various operational layouts. Its strategic location offers unparalleled access to major transportation arteries. The property is less than one mile from Interstate 485 and one mile from Interstate 85, ensuring seamless connectivity throughout the Charlotte metropolitan area. Furthermore, its proximity to the airport, within three miles, provides convenient access for air freight and travel. This Class C building is ideal for businesses seeking a functional and well-situated industrial space in a thriving market. The minimum leasable space is 12,000 square feet, with a maximum contiguous space also at 12,000 square feet. The property's zip code is 28214.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,250,000
      ML approach
      $5,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,039,000
      Market price range: $2.46M - $5.31M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,975,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9857
    Latitude
    35.243
    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
    $0.00
    $967,500
    $1,158,800
    $2,126,300
    -
    $967,500
    $1,158,800
    $2,126,300

    Comparable in this City

    • Value Estimation
      $1,885,000
      20,696 SF

      120 Rhyne Rd

      WAREHOUSE, STORAGE • 20,696 SF
      120 Rhyne Rd, Charlotte, NC 28214-9473
      View Details
    • Value Estimation
      $1,380,000
      14,928 SF

      8740 Wilkinson Blvd

      WAREHOUSE, STORAGE • 14,928 SF
      8740 Wilkinson Blvd, Charlotte, NC 28214-8060
      View Details
    • Value Estimation by Request
      460 SF

      6621 Craig St

      WAREHOUSE, STORAGE • 460 SF
      6621 Craig St, Charlotte, NC 28214-1706
      View Details
    • Value Estimation
      $15,300,000
      251,672 SF

      2415 Sam Wilson Rd

      WAREHOUSE, STORAGE • 251,672 SF
      2415 Sam Wilson Rd, Charlotte, NC 28214-9085
      View Details
    • Value Estimation
      $23,220,000
      175,839 SF

      9015 Air Park W Dr

      WAREHOUSE, STORAGE • 175,839 SF
      9015 Air Park W Dr, Charlotte, NC 28214-8541
      View Details
    • Value Estimation
      $15,305,000
      171,646 SF

      3800 Parrott Dr

      WAREHOUSE, STORAGE • 171,646 SF
      3800 Parrott Dr, Charlotte, NC 28214-9001
      View Details

    Similar Nearby for Sale

    • $3,200,000
      31,000 SF

      Charlotte Industrial Portfolio: 31,000 SF

      3-Building Industrial Complex, Vacant, Great Location
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    • $6,500,000
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      Warehouse for Sale: Charlotte, NC

      Industrial Warehouse - Prime Location
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    • $3,500,000
      4.80 Acres

      Charlotte Industrial Opportunity For Sale

      Gated industrial property with versatile space in key Charlotte industrial zone.
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    • $1,500,000

      ML-2 Industrial Acreage Opportunity

      3.80 acres of ML-2 zoned land with approved plans.
      406 Oak St, Charlotte, NC 28214
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    • $3,200,000
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      10908 Mount Holly Rd, Charlotte, NC 28214

      Industrial properties • 20,700 SF
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    • $1,500,000
      3.80 Acres

      Charlotte Land Approved for Development

      3.8 acres of industrial land with approved site plans.
      406 Oak St, Charlotte, NC 28214
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      23,153 SF

      Charlotte Warehouse - 23,153 SF

      Industrial warehouse, 7.9 acres, prime location.
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      View Details
    • Contact for pricing
      56,556 SF

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      56,556 SF warehouse space with high-end office.
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      74,671 SF

      Charlotte Industrial Space For Lease

      Industrial spaces available for lease in Charlotte, North Carolina.
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    • Contact for pricing
      155,400 SF

      Charlotte Manufacturing and Logistics Space

      155,400 SF available in master-planned park near I-485.
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      Charlotte Industrial Space For Lease

      Industrial space for lease in Charlotte, near major transportation routes.
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    • Contact for pricing
      159,000 SF

      Charlotte Warehouse Space Available

      159,000 SF warehouse with office space near airport.
      3830 Parrott Dr, Charlotte, NC 28214
      View Details
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    8600 Wilkinson Blvd
    Charlotte, NC 28214-8059
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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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