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

    8702 Statesville Rd Charlotte, NC 28269

    • Warehouses
    • 40,524 SF
    • 4.61 lot acres
    For Lease
    View listing
    $3,500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0457096
    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

    • SK Flooring Inc. / Wood Floor Refinishing Service / Flooring Contractor
    • Joe's Granite & Remodeling / Countertop Contractor / Marble Contractor
    • Who Did That, Inc / Vehicle Wrapping Service
    • Bliss & Blends LLC / Event Ticket Seller
    • Andrews Custom Metalwork and Design, LLC / Metal Fabricator

    Property Details for 8702 Statesville Rd

    Year built
    1972
    Lot size
    4.61 lot acres
    Property size
    40,524 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    2502204
    APU
    2502204

    Description

    This exceptional 2,500 square foot warehouse space, located at 8702 Statesville Road, Unit B in Charlotte, North Carolina, presents a fantastic opportunity for businesses seeking efficient and secure industrial space. Situated in Mecklenburg County, this property offers a single available unit within a multi-tenant building. The warehouse boasts ample space for storage and operations, complemented by a valuable 2,500 square feet of fenced-in outdoor storage area. This secure outdoor space is ideal for equipment, materials, or inventory storage, providing added convenience and peace of mind. The monthly rental rate is $3,500. The property is classified as industrial and is specifically designated as a warehouse. The address is 8702 Statesville Rd, Unit B, Charlotte, NC 28269. Please note that automotive repair is not permitted on the premises. This property is conveniently located in Charlotte, offering easy access to major transportation routes and a thriving business community. Contact us today to schedule a viewing and explore the possibilities this warehouse space offers for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,824,000
      Market price range: $3.58M - $7.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8411
    Latitude
    35.3397
    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
    $19,360
    $1,017,900
    $1,621,500
    $2,639,400
    -
    $1,017,900
    $1,621,500
    $2,639,400

    Comparable in this City

    • Value Estimation by Request
      15,428 SF

      4348 Statesville Rd

      Distribution properties • 15,428 SF
      4348 Statesville Rd, Charlotte, NC 28269
      View Details
    • Value Estimation
      $1,605,000
      12,710 SF

      5001 Sunset Rd

      WAREHOUSE, STORAGE • 12,710 SF
      5001 Sunset Rd, Charlotte, NC 28269-2748
      View Details
    • Value Estimation by Request
      2,000 SF

      10050 Metromont Industrial Blvd

      WAREHOUSE, STORAGE • 2,000 SF
      10050 Metromont Industrial Blvd, Charlotte, NC 28269-7610
      View Details
    • Value Estimation
      $2,900,000
      25,690 SF

      5641 David Cox Rd

      MINI-WAREHOUSE, STORAGE • 25,690 SF
      5641 David Cox Rd, Charlotte, NC 28269-0362
      View Details
    • Value Estimation
      $23,040,000
      307,070 SF

      5600 David Cox Rd

      WAREHOUSE, STORAGE • 307,070 SF
      5600 David Cox Rd, Charlotte, NC 28269-0348
      View Details
    • Value Estimation by Request
      22,342 SF

      2915-2937 Gibbon Rd

      Lifestyle centers • 22,342 SF
      2915-2937 Gibbon Rd, Charlotte, NC 28269
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
      15,428 SF

      Statesville Road Flex Space Available

      Charlotte Flex Warehouse, 6,484 SF Available
      4348 Statesville Rd, Charlotte, NC 28269
      View Details
    • $3,500 /Mo
      2,500 SF

      Heated/Cooled Warehouse with Drive-Through Doors

      2500 sq ft warehouse with two drive-through doors.
      8702 Statesville Rd, Charlotte, NC 28269
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      49,454 SF

      Prime Charlotte Industrial Space

      49,454 SF Flex Space Available
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    • $12 SF/Yr
      3,800 SF

      Warehouse Space with Drive-In Access

      3,800 SF warehouse space featuring a drive-in door.
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      4,000 SF

      Industrial Space with Outdoor Storage

      Industrial space available for lease with outdoor storage.
      8101 Statesville Rd, Charlotte, NC 28269
      View Details
    • Contact for pricing
      65,000 SF

      65,000 SF Warehouse Space

      65,000 SF warehouse with 30' clear height available for lease.
      5901 Long Creek Park Dr, Charlotte, NC 28269
      View Details
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    Charlotte, NC 28269
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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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