Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9635 Parkridge Dr Charlotte, NC 28214-9067

    • Mobile home & RV parks
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Jul 11, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1600305
    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

    • Avon / Beauty Products Wholesaler

    Property Details for 9635 Parkridge Dr

    Lot size
    0.33 lot acres
    Zone code
    R-MH
    Property type
    Mobile home & RV parks
    APN
    11304505
    APU
    11304505

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9912
    Latitude
    35.2376
    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
    $34,700
    $0.00
    $34,700
    -
    $34,700
    $0.00
    $34,700

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      9743 Willilyn Ln

      MOBILE HOME PARK, TRAILER PARK • 0.37 Acres
      9743 Willilyn Ln, Charlotte, NC 28214-9036
      View Details
    • Value Estimation by Request
      0.33 Acres

      9905 Willilyn Ln

      MOBILE HOME PARK, TRAILER PARK • 0.33 Acres
      9905 Willilyn Ln, Charlotte, NC 28214-9055
      View Details
    • Value Estimation by Request
      0.40 Acres

      9734 Willilyn Ln

      MOBILE HOME PARK, TRAILER PARK • 0.40 Acres
      9734 Willilyn Ln, Charlotte, NC 28214-9036
      View Details
    • Value Estimation by Request
      0.21 Acres

      Charlotte, NC 28214

      MOBILE HOME PARK, TRAILER PARK • 0.21 Acres
      Charlotte, NC 28214
      View Details
    • Value Estimation by Request
      0.20 Acres

      Charlotte, NC 28214

      MOBILE HOME PARK, TRAILER PARK • 0.20 Acres
      Charlotte, NC 28214
      View Details
    • Value Estimation by Request
      0.28 Acres

      Charlotte, NC 28214

      MOBILE HOME PARK, TRAILER PARK • 0.28 Acres
      Charlotte, NC 28214
      View Details

    Similar Nearby for Sale

    • $1,400,000
      7.09 Acres

      Income Property in Charlotte, NC

      Income-producing property with development potential near Lake Wylie.
      4650 Bright Rd, Charlotte, NC 28214
      View Details
    • $1,400,000
      7.09 Acres

      Charlotte Land with Income Potential

      Income-producing property near Lake Wylie with development potential.
      4650 Bright Rd, Charlotte, NC 28214
      View Details
    • $799,000
      0.82 Acres

      Charlotte Multifamily Investment Opportunity

      Three-parcel investment with four dwellings and redevelopment potential.
      201 Hugh Caldwell Rd, Charlotte, NC 28214
      View Details
    • $356,000
      2,130 SF

      Charming Home with Neutral Palette

      Home with neutral color palette, spacious kitchen, and modern amenities.
      8212 Merryvale Ln, Charlotte, NC 28214
      View Details
    • $375,000
      0.48 Acres

      High-Traffic Charlotte Office Land

      Prime Commercial Lot, Ideal Redevelopment
      6429 Freedom Dr, Charlotte, NC 28214
      View Details
    • $950,000
      4.15 Acres

      Charlotte Commercial Land Opportunity

      4.15 Acres, Approved Site Plan, $950,000
      2200 Mountain Park Dr, Charlotte, NC 28214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      74,671 SF

      Charlotte Industrial Space For Lease

      Industrial spaces available for lease in Charlotte, North Carolina.
      2615 Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing

      15.50 Acres Available For Rent

      15.50 acres available for QSR, medical, and retail.
      Mt. Holly Rd & Sonoma Vly Dr, Charlotte, NC 28214
      View Details
    • Contact for pricing
      155,400 SF

      Charlotte Manufacturing and Logistics Space

      155,400 SF available in master-planned park near I-485.
      Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      25,000 SF

      Charlotte Shopping Center Space Available

      47,129 SF shopping center with high visibility and parking.
      7917-8001 Moores Chapel Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      271,200 SF

      Charlotte Industrial Space For Lease

      Industrial space for lease in Charlotte, near major transportation routes.
      2605 Verde Creek Rd, Charlotte, NC 28214
      View Details
    • 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9635 Parkridge Dr
    Charlotte, NC 28214-9067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.