Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Ashley Ave, NC

    • Sports & entertainment properties
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2022
    $96,000
    Value Estimations
    $60,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3895272
    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

    • Sports & entertainment properties

    Property Details

    Lot size
    1.35 lot acres
    Property type
    Sports & entertainment properties
    APN
    217135
    APU
    217135

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $60,000
      ML approach
      $65,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashley Ave
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.0231
    Latitude
    35.3042
    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
    2024
    $1,492
    $51,300
    $97,300
    $148,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      390 SF

      Burke, NC

      RECREATIONAL, ENTERTAINMENT • 390 SF
      Burke, NC
      View Details
    • Value Estimation
      $270,000
      43.35 Acres

      Off Deer Run Rd

      RECREATIONAL, ENTERTAINMENT • 43.35 Acres
      Off Deer Run Rd, Rd, NC
      View Details
    • Value Estimation
      $865,000
      1,238.00 Acres

      Old Carthage Rd, NC

      RECREATIONAL, ENTERTAINMENT • 1,238.00 Acres
      Old Carthage Rd, NC
      View Details
    • Value Estimation
      $265,000
      0.14 Acres

      1704 Davidson St

      RECREATIONAL, ENTERTAINMENT • 0.14 Acres
      1704 Davidson St, Davidson, NC
      View Details
    • Value Estimation
      $270,000
      0.15 Acres

      1708 Davidson St

      RECREATIONAL, ENTERTAINMENT • 0.15 Acres
      1708 Davidson St, Davidson, NC
      View Details
    • Value Estimation
      $100,000
      31.36 Acres

      Brk Crossing

      RECREATIONAL, ENTERTAINMENT • 31.36 Acres
      Brk Crossing, Dr, NC
      View Details

    Similar Nearby for Sale

    • $925,000
      14,304 SF

      Renovated Reception Hall & Gymnasium

      Turn-key reception hall and gymnasium on over an acre.
      2677 Nc-903, Stokes, NC
      View Details
    • Contact for pricing

      Land at Irish Creek

      1,188-acre property suitable for master-planned residential development.
      Cannon Farm Rd And Enochville Rd, Kannapolis, NC
      View Details
    • $4,700,000
      35,000 SF

      Winston-Salem Campus with Redevelopment Potential

      35,000+ sqft campus near US 74/Hwy 52 and University Parkway.
      271-289 Mercantile Dr, Winston-Salem, NC
      View Details
    • $1,575,000

      Residential Property with Wildlife Views

      Residential property featuring a 2,500 sq ft home.
      1216 Bighorn Dr NW, Supply, NC
      View Details
    • $298,500

      Land For Sale

      Land available for sale in New Bern, North Carolina.
      3921 Martin Luther King Junior Blvd, New Bern, NC
      View Details
    • $2,800,000

      Land Near Monroe Expressway

      Commercial land with utilities near the Monroe Expressway.
      6107 Bonterra Vlg Way, Indian Trail, NC
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,046 SF

      Huntersville Office Space For Rent

      Office space available with recent capital improvements and abundant amenities.
      8936 Northpointe Executive Park Dr, Huntersville, NC
      View Details
    • Contact for pricing
      2,590 SF

      Office Space Near LoSo District

      Office spaces with fitness room, convenient location, and professional management.
      1101-1201 Woodridge Ctr Dr, Charlotte, NC
      View Details
    • Contact for pricing
      27,432 SF

      Huntersville Office Space For Rent

      Office space with extensive capital improvements and abundant amenities.
      8935 Northpointe Executive Park Dr, Huntersville, NC
      View Details
    • $800 /Mo
      330 SF

      Hampstead Office Suite For Rent

      Modern office suite in Hampstead's growing business district.
      14980 Hwy, Hampstead, NC
      View Details
    • $1,000 /Mo
      1,000 SF

      Renovated Office Space Available

      Second-floor office space with recent upgrades in Winston-Salem.
      1365 Westgate Ctr Dr, Winston-Salem, NC
      View Details
    • Contact for pricing
      14,222 SF

      Industrial Space with Fenced Storage

      Industrial space featuring dock doors, drive-in door, and fenced storage.
      4210-4300 Revolution Park Dr, Charlotte, NC
      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.
    Ashley Ave, NC
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.