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

    9705 Leitner Dr Pineville, NC 28134-6565

    • Hotels
    • 42,645 SF
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2020
    $6,500,000
    Value Estimations
    $7,085,000
    Show details
    Cap Rate Potential
    3.5%
    Hotels
    Location Intelligence
    Property ID
    US53-1289614
    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

    • Four Points by Sheraton Charlotte - Pineville / Hotel & Motel
    • Little Sugar Creek Greenway Access / Hiking Area

    Property Details for 9705 Leitner Dr

    Year built
    2000
    Lot size
    2.09 lot acres
    Property size
    42,645 SF
    Zone code
    B-4
    Property type
    Hotels
    APN
    20709506
    APU
    20709506

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,450,000
      ML approach
      $7,730,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,240,000
      Market price range: $4.89M - $8.98M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,655,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pineville
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8806
    Latitude
    35.0888
    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
    $53,686
    $994,300
    $6,087,400
    $7,081,700
    -
    $994,300
    $6,087,400
    $7,081,700

    Comparable in this City

    • Value Estimation
      $5,910,000
      42,955 SF

      9840 Pineville Matthews Rd

      HOTEL • 42,955 SF
      9840 Pineville Matthews Rd, Pineville, NC 28134-7550
      View Details
    • Value Estimation
      $5,040,000
      54,644 SF

      12228 Park Rd

      HOTEL • 54,644 SF
      12228 Park Rd, Pineville, NC 28134-7489
      View Details
    • Value Estimation
      $5,145,000
      64,884 SF

      10415 Centrum Pkwy

      HOTEL • 64,884 SF
      10415 Centrum Pkwy, Pineville, NC 28134-8825
      View Details
    • Value Estimation
      $10,180,000
      66,964 SF

      425 Towne Ctr Blvd

      HOTEL • 66,964 SF
      425 Towne Ctr Blvd, Pineville, NC 28134-8587
      View Details
    • Value Estimation
      $3,720,000
      48,620 SF

      9825 Leitner Dr

      HOTEL • 48,620 SF
      9825 Leitner Dr, Pineville, NC 28134-6556
      View Details
    • Value Estimation by Request
      0.38 Acres

      Pineville, NC 28134

      HOTEL/MOTEL • 0.38 Acres
      Pineville, NC 28134
      View Details

    Similar Nearby for Sale

    • $2,700,000

      Land Near OrthoCarolina Sportsplex

      Large land tract near Carolina Place Mall and I-485.
      Dorman Rd, Pineville, NC 28134
      View Details
    • $1,000,000
      1.36 Acres

      Prime Pineville Land - 1.36 Acres

      Residential lot, ideal location, high visibility.
      805 Main St, Pineville, NC 28134
      View Details
    • $1,000,000
      1.82 Acres

      Prime Pineville Commercial Land

      1.82 Acres, Excellent Location
      200 Polk St, Pineville, NC 28134
      View Details
    • $1,000,000

      Pineville Land Parcel For Sale

      Land parcel near downtown Pineville, suitable for various developments.
      805-809 Main St, Pineville, NC 28134
      View Details
    • $50,000
      Pending

      Land in 55+ Community

      Rare opportunity to build in established 55+ community.
      13004 Park Crescent Cir, Pineville, NC 28134
      View Details
    • $1,000,000

      Land for Multifamily/Retail Development

      1.822 acres ideal for multifamily, medical, or retail.
      200 N Polk St, Pineville, NC 28134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,300 SF

      Industrial Building with Fenced Lot

      Freestanding industrial building with outside storage in Pineville, NC.
      10020 Industrial Dr, Pineville, NC 28134
      View Details
    • Contact for pricing
      20,000 SF

      Pineville Warehouse with Office Space

      20,000 SF warehouse with office and conditioned space available.
      10617 Southern Loop Blvd, Pineville, NC 28134
      View Details
    • Contact for pricing
      24,188 SF

      Warehouse Space in Southern Loop

      24,188 SF warehouse with office space and dock doors.
      10605 Southern Loop Blvd, Pineville, NC 28134
      View Details
    • $35 SF/Yr
      11,830 SF

      Office Space with Elevator Access

      Office space for rent with flexible floor plans and accessibility.
      335 Towne Centre Blvd, Pineville, NC 28134
      View Details
    • $60,000
      217,800 SF

      Prime Pineville Industrial Land

      Five-acre industrial lot, I-2 zoning.
      0 Westinghouse Blvd, Pineville, NC 28134
      View Details
    • Contact for pricing
      83,526 SF

      Pineville Towne Market Retail Space

      Prime Retail Space, Pineville, NC
      317 Polk St, Pineville, NC 28134
      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.
    9705 Leitner Dr
    Pineville, NC 28134-6565
    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.