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    9791 Rea Rd Waxhaw, NC 28173
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    Property profile & analytics

    9791 Rea Rd Waxhaw, NC 28173

    View on Map
    • Retail space
    • 105,891 SF
    • 7.03 lot acres
    For Lease
    $11,340,000
    View Listing →
    Medical Surgery Center For Lease For Lease
    $11,340,000
    12,000 SF

    Medical Surgery Center For Lease

    New medical surgery center with high visibility, available Q3 2026.

    9791 Rea Rd, Waxhaw, NC
    View Listing
    Property ID
    US53-4045061
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Morningstar Storage / Storage Facility

    Property Details for 9791 Rea Rd

    Year built
    2016
    Lot size
    7.03 lot acres
    Property size
    105,891 SF
    Zone code
    B-2 UNION COUNTY
    Property type
    Retail space
    APN
    06-201-007D
    APU
    06201007D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.8033
    Latitude
    35.0155
    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
    $56,189
    $1,783,300
    $7,199,700
    $8,983,000
    -
    $1,783,300
    $7,199,700
    $8,983,000

    Comparable in this City

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      1 SF

      3012 Providence St

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      3012 Providence St, Waxhaw, NC 28173
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    • Value Estimation
      $2,415,000
      2,288 SF

      Blythe Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,288 SF
      Blythe Ml Rd, Waxhaw, NC 28173
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    • Value Estimation by Request
      1,134 SF

      2902 Providence S Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,134 SF
      2902 Providence S Rd, Waxhaw, NC 28173-8327
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    • Value Estimation by Request
      161.60 Acres

      3018 Waxhaw Indian Trl S Rd

      RETAIL STORES (PERSONAL SERVICES) • 161.60 Acres
      3018 Waxhaw Indian Trl S Rd, Waxhaw, NC 28173-9737
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    • Value Estimation by Request
      0.23 Acres

      Eubanks Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.23 Acres
      Eubanks Rd, Waxhaw, NC 28173
      View Details
    • Value Estimation
      $2,605,000
      13,068 SF

      8101 Kensington Dr

      DRUG STORE, PHARMACY • 13,068 SF
      8101 Kensington Dr, Waxhaw, NC 28173-0103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Waxhaw Retail Outparcels: Prime Location

      Restaurant & Medical Office Sites Available
      0 Providence St, Waxhaw, NC 28173
      View Details
    • $6,627,000
      41,356 SF

      Waxhaw Retail Ground Lease Opportunity

      Retail property in Waxhaw, NC with corporate ground lease.
      2520 Cuthbertson Rd, Waxhaw, NC 28173
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    • $594,000
      2.00 Acres

      Waxhaw Commercial Land Opportunity

      Two-acre development site, prime location.
      824 Waxhaw Indian Trail Rd, Waxhaw, NC 28173
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    • $450,000

      Commercially Zoned Land in Waxhaw

      Undeveloped 1.3-acre commercial lot in growing Waxhaw area.
      000 Waxhaw Pkwy, Waxhaw, NC 28173
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    • $525,000
      4.52 Acres

      Waxhaw Land: Estate Home Location

      4.52+/- acre lot, no HOA, horses allowed, great location.
      4600 Tbd Waxhaw Marvin Rd, Waxhaw, NC 28173
      View Details
    • $399,900
      5.16 Acres

      Waxhaw Land with Barn

      5.16 acres with barn and office/studio in Waxhaw.
      Shaw Ave, Waxhaw, NC 28173
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    Similar Nearby for Lease

    • Contact for pricing
      11,200 SF

      Retail, Office, Medical Space Available

      Retail, office, and medical spaces for lease in Waxhaw.
      S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space on 2 Acres

      Single tenant retail space available for rent on 2 acres.
      3012 South Providence St, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Development on Providence Road

      Retail spaces for lease in Waxhaw's main retail corridor.
      3205 S Providence Rd, Waxhaw, NC 28173
      View Details
    • Contact for pricing

      Retail Space in Waxhaw Center

      Retail and office spaces available in anchored shopping center.
      2508 Cuthbertson Rd, Waxhaw, NC 28173
      View Details
    • $900 /Mo
      415 SF

      Waxhaw Parkway Office Space Available

      Office suites and coworking space near downtown Waxhaw.
      129 Waxhaw Pkwy, Waxhaw, NC 28173
      View Details
    • $25 SF/Yr
      2,638 SF

      Charming Two-Story Office Building

      Two-story office building near Waxhaw's Main Street intersection.
      501 N Providence St, Waxhaw, NC 28173
      View Details
    View Listing
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    Waxhaw, NC 28173
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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.

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