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

    8724 University City Blvd Charlotte, NC 28213-3558

    • Office buildings
    • 21,259 SF
    • 2.90 lot acres
    OFF-MARKET
    Value Estimations
    $6,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0954959
    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

    • UNC Charlotte Foundation / Charitable Organization

    Property Details for 8724 University City Blvd

    Year built
    1999
    Lot size
    2.90 lot acres
    Property size
    21,259 SF
    Zone code
    R-3
    Property type
    Office buildings
    APN
    4934119
    APU
    4934119

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,835,000
      6.5%
      $5,390,000
      7%
      $5,005,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,594,000
      Market price range: $1.18M - $7.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,690,000
      Current use
      MEDICAL BUILDING
      $8,570,000
      Change: +11% Conversion: Easy
      RETAIL STORES
      $6,885,000
      Change: -10% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $6,355,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7368
    Latitude
    35.2977
    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
    $35,404
    $2,098,000
    $2,728,700
    $4,826,700
    -
    $2,098,000
    $2,728,700
    $4,826,700

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Charlotte, NC 28213

      OFFICE BUILDING • 0.17 Acres
      Charlotte, NC 28213
      View Details
    • Value Estimation by Request
      0.16 Acres

      Chancellor Park Dr

      OFFICE BUILDING • 0.16 Acres
      Chancellor Park Dr, Charlotte, NC 28213
      View Details
    • Value Estimation by Request
      400 SF

      9141 University City Blvd

      OFFICE BUILDING • 400 SF
      9141 University City Blvd, Charlotte, NC 28213
      View Details
    • Value Estimation
      $1,480,000
      6,000 SF

      2740 Ew T Harris Blvd

      OFFICE BUILDING • 6,000 SF
      2740 Ew T Harris Blvd, Charlotte, NC 28213-4078
      View Details
    • Value Estimation
      $2,320,000
      13,440 SF

      537 Sugar Crk Rd

      OFFICE BUILDING • 13,440 SF
      537 Sugar Crk Rd, Charlotte, NC 28213-6102
      View Details
    • Value Estimation by Request
      1,056 SF

      7747 University City Blvd

      OFFICE BUILDING • 1,056 SF
      7747 University City Blvd, Charlotte, NC 28213-8119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,000 SF

      University East Office Condos

      Charlotte Office Condos: Buy or Lease
      2501 W.t. Harris Blvd, Charlotte, NC 28213
      View Details
    • $625,000
      0.88 Acres

      Commercial Land on W Sugar Creek

      Commercial zoned land with road frontage on W. Sugar Creek Road.
      723 W Sugar Creek Rd, Charlotte, NC 28213
      View Details
    • $1,100,000
      1.30 Acres

      High-Visibility Charlotte Commercial Lot

      Corner Lot, High Traffic, 1.3 Acres
      5801 Tryon St, Charlotte, NC 28213
      View Details
    • $250,000

      Residential Land in Growing Community

      Large parcel suitable for residential development in appreciating neighborhood.
      4545 Springview Rd, Charlotte, NC 28213
      View Details
    • $2,300,000
      5,337 SF

      High-Volume Car Wash and Lube

      Car wash and lube shop in a densely populated area.
      7723 University City Blvd, Charlotte, NC 28213
      View Details
    • $1,000,000
      Pending

      Charlotte Commercial Land For Sale

      3.507 acre commercial land parcel in Charlotte, North Carolina.
      6519 Old Concord Rd, Charlotte, NC 28213
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      70,000 SF

      University East Office Condos

      Charlotte, NC Office Space Available
      2501 W.t. Harris Blvd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      12,500 SF

      Medical Office Space For Lease

      Class A medical office space available near Atrium Health.
      Rocky River Rd, Charlotte, NC 28213
      View Details
    • $24 SF/Yr
      14,000 SF

      University City Blvd Office Space

      Charlotte Office & Retail Suites Available
      9510 University City Blvd, Charlotte, NC 28213
      View Details
    • $18 SF/Yr
      6,000 SF

      Move-in Ready Office Space

      Premium office space near UNCC and Uptown Charlotte.
      425 E Arrowhead Dr, Charlotte, NC 28213
      View Details
    • $6 SF/Yr
      116,978 SF

      Charlotte Distribution Facility with Trailer Parking

      Industrial facility with ample trailer parking, near I-85.
      6924 Orr 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
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    8724 University City Blvd
    Charlotte, NC 28213-3558
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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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