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    9451 Albemarle Rd Charlotte, NC 28227-3345
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    Property profile & analytics

    9451 Albemarle Rd, Charlotte, NC 28227-3345

    View on Map
    • Auto shops
    • 6,624 SF
    • 1.20 lot acres
    Off-Market
    Last Sale Mar 20, 2020
    $2,667,000
    Property ID
    US53-0140011
    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.
    Value Estimations
    $2,755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NTB-National Tire & Battery / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 9451 Albemarle Rd

    Year built
    2001
    Lot size
    1.20 lot acres
    Zone code
    CC
    Property type
    Auto shops
    APN
    11115217
    APU
    11115217

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 20, 2020 $2,400,000 Albemarle Road LLC Mbg Clark LLC Correction Deed —
    Mar 20, 2020 $2,667,000 Agree Stores LLC 9451 Albemarle Road LLC Warranty Deed —
    May 22, 2018 — 9451 Albemarle Road LLC — Deed · related $1.7M · Fidelity Bk
    May 21, 2018 $2,400,000 9451 Albemarle Road LLC Mbg Clark LLC Warranty Deed —
    Jun 21, 2005 $2,100,000 Mbg Clark LLC Pavilion Tk Albemarle Road LLC Special Warranty Deed $1.3M · Ge Commercial Fin Bus Property Corp
    — — 9451 Albemarle Road LLC — Deed Of Trust · related $1.7M · Fidelity Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,090,000
      ML approach
      $3,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,326,000
      Market price range: $1.01M - $2.92M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,725,000
      Current use
      COMMERCIAL (GENERAL)
      $4,575,000
      Change: +165% Conversion: Moderate
      RESTAURANT
      $4,235,000
      Change: +145% Conversion: Difficult
      MEDICAL BUILDING
      $2,670,000
      Change: +55% Conversion: Difficult
      RETAIL STORES
      $2,145,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $2,080,000
      Change: +21% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,980,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6837
    Latitude
    35.2117
    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
    $12,568
    $598,100
    $1,115,300
    $1,713,400
    -
    $598,100
    $1,115,300
    $1,713,400

    Comparable in this City

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      12,129 SF

      6820 Independence Blvd

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    • Value Estimation by Request
      2,400 SF

      10010 Albemarle Rd

      AUTO REPAIR, GARAGE
      10010 Albemarle Rd, Charlotte, NC 28227
      View Details
    • Value Estimation by Request
      8,100 SF

      6915 Old Lawyers Rd

      AUTO REPAIR, GARAGE
      6915 Old Lawyers Rd, Charlotte, NC 28227-3942
      View Details
    • Value Estimation by Request
      2,054 SF

      6900 Old Lawyers Rd

      AUTO REPAIR, GARAGE
      6900 Old Lawyers Rd, Charlotte, NC 28227-3929
      View Details

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      8,784 SF

      Retail Space on Independence Blvd

      Retail space for sale on a highly traveled highway.
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      Former Bank Branch with Drive-Thru

      3,408 SF former bank branch on 1.64 acres for sale.
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      Prime Development Site in Mint Hill

      1.285-acre site ideal for medical, retail, or office development.
      4317 Wilgrove Mint Hill Rd, Mint Hill, NC 28227
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    • New
      Contact for pricing

      General Business Retail Building

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    Similar Nearby for Lease

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      Former Restaurant with Drive-Thru

      3,710 SF former restaurant with drive-thru on 0.97 acres.
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      Former Harris Teeter Anchor Space

      Anchor space in Southeast Charlotte with high visibility.
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      Mint Hill Retail Space Available

      Retail space for lease in premium Mint Hill location.
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    • Contact for pricing

      Land Available For Ground Lease

      Land available for ground lease, build-to-suit, or multi-tenant development.
      Albemarle Rd & Cresswind Blvd, Charlotte, NC 28227
      View Details
    • Contact for pricing
      5,458 SF

      Retail/Medical Spaces For Lease

      Retail and medical spaces available for lease in Mint Hill.
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    • $2,850 /Mo
      43,560 SF

      Retail Space in Growing Corridor

      Prime retail space in Mint Hill near new development.
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    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      1.2k
    • Avg Time on site
      30 min
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    Charlotte, NC 28227-3345
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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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