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

    9223 Old Statesville Rd Charlotte, NC 28269-7627

    • Warehouses
    • 13,298 SF
    • 4.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1193578
    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

    • CL Driving School / Vocational School

    Property Details for 9223 Old Statesville Rd

    Year built
    1975
    Lot size
    4.18 lot acres
    Property size
    13,298 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    2504205
    APU
    2504205

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,338,000
      Market price range: $1.17M - $2.57M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,765,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8244
    Latitude
    35.3481
    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
    $6,777
    $796,100
    $127,800
    $923,900
    -
    $796,100
    $127,800
    $923,900

    Comparable in this City

    • Value Estimation
      $9,290,000
      119,500 SF

      2700 Hutchison Mcdonald Rd

      WAREHOUSE, STORAGE • 119,500 SF
      2700 Hutchison Mcdonald Rd, Charlotte, NC 28269-4209
      View Details
    • Value Estimation
      $1,110,000
      8,775 SF

      10925 Metromont Pkwy

      WAREHOUSE, STORAGE • 8,775 SF
      10925 Metromont Pkwy, Charlotte, NC 28269-7505
      View Details
    • Value Estimation
      $13,525,000
      141,360 SF

      9917 Old Statesville Rd

      WAREHOUSE, STORAGE • 141,360 SF
      9917 Old Statesville Rd, Charlotte, NC 28269-7666
      View Details
    • Value Estimation
      $26,840,000
      375,560 SF

      5100 Ww T Harris Blvd

      WAREHOUSE, STORAGE • 375,560 SF
      5100 Ww T Harris Blvd, Charlotte, NC 28269-2157
      View Details
    • Value Estimation
      $5,325,000
      60,480 SF

      Charlotte, NC 28269

      WAREHOUSE, STORAGE • 60,480 SF
      Charlotte, NC 28269
      View Details
    • Value Estimation
      $8,290,000
      107,796 SF

      5518 David Cox Rd

      WAREHOUSE, STORAGE • 107,796 SF
      5518 David Cox Rd, Charlotte, NC 28269-0354
      View Details

    Similar Nearby for Sale

    • $1,895,000
      0.25 Acres

      Corner Unit in Northlake Pavilion

      Large flex space near I-77 and Northlake Mall.
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      1.00 Acre

      Charlotte Outparcel Investment Opportunity

      1-Acre Commercial Land, Prime Location
      5336 Docia Crossing Rd, Charlotte, NC 28269
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    • $900,000

      6.821 AC Land Available

      6.821 AC of land for sale in Charlotte.
      00 Kendrick Ave, Charlotte, NC 28269
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    • $475,000

      Residential Land Near Nature Preserve

      Two parcels totaling 2.34 acres, suitable for multi-family housing.
      4124 Oakwood Rd, Charlotte, NC 28269
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    • $2,000,000

      Land For Sale

      Land available for sale.
      4540 Johnston Oehler Rd, Charlotte, NC 28269
      View Details
    • $75,000
      0.23 Acres

      Vacant Lot in Growing Area

      Build-ready lot in Charlotte's rapidly growing area, investment potential.
      3212 Washington Pl, Charlotte, NC 28269
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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
      View Details
    • Contact for pricing
      40,184 SF

      Warehouse Space in North Submarket

      Warehouse space featuring one dock-high door and 18’ clear height.
      9115 Old Statesville Rd, Charlotte, NC 28269
      View Details
    • Contact for pricing
      62,227 SF

      Warehouse Space with Air Conditioning

      4,800 SF warehouse with air-conditioned space and office.
      10430 Harris Oaks Blvd, Charlotte, NC 28269
      View Details
    • Contact for pricing
      49,454 SF

      Prime Charlotte Industrial Space

      49,454 SF Flex Space Available
      5100 Blvd, Charlotte, NC 28269
      View Details
    • $12 SF/Yr
      3,800 SF

      Warehouse Space with Drive-In Access

      3,800 SF warehouse space featuring a drive-in door.
      2513-2517 Allen Rd S, Charlotte, NC 28269
      View Details
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    9223 Old Statesville Rd
    Charlotte, NC 28269-7627
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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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