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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Charlotte, NC 28206

    • Warehouses
    • 459,313 SF
    • 21.87 lot acres
    OFF-MARKET
    Value Estimations
    $34,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5692237
    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

    • Warehouses

    Property Details

    Year built
    1943
    Lot size
    21.87 lot acres
    Property size
    459,313 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    7903101
    APU
    7903101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $38,292,000
      Market price range: $38.3M - $88.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $56,915,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.833
    Latitude
    35.2486
    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
    $106,511
    $9,039,200
    $5,481,700
    $14,520,900
    -
    $9,039,200
    $5,481,700
    $14,520,900

    Comparable in this City

    • Value Estimation by Request
      115,977 SF

      635-801 Atando Ave

      Distribution properties • 115,977 SF
      635-801 Atando Ave, Charlotte, NC 28206
      View Details
    • Value Estimation by Request
      48,756 SF

      901 Church St

      Distribution properties • 48,756 SF
      901 Church St, Charlotte, NC 28206
      View Details
    • Value Estimation
      $535,000
      3,750 SF

      1906 Bancroft St

      WAREHOUSE, STORAGE • 3,750 SF
      1906 Bancroft St, Charlotte, NC 28206-3041
      View Details
    • Value Estimation
      $695,000
      5,412 SF

      2000 Tryon St

      WAREHOUSE, STORAGE • 5,412 SF
      2000 Tryon St, Charlotte, NC 28206-2736
      View Details
    • Value Estimation
      $3,375,000
      30,402 SF

      2019 Tryon St

      WAREHOUSE, STORAGE • 30,402 SF
      2019 Tryon St, Charlotte, NC 28206-2735
      View Details
    • Value Estimation
      $4,145,000
      34,635 SF

      500 Spratt St

      WAREHOUSE, STORAGE • 34,635 SF
      500 Spratt St, Charlotte, NC 28206-2999
      View Details

    Similar Nearby for Sale

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      17,000 SF

      Charlotte Warehouse Space For Sale

      17,000 square foot warehouse space available in Charlotte, NC.
      2301 N Graham St, Charlotte, NC 28206
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    • $10,900,000
      37,335 SF

      Charlotte Warehouse with Cranes

      Warehouse with cranes, office space, and truck parking.
      1118 W Craighead Rd, Charlotte, NC 28206
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    • $2,000,000
      10,000 SF

      Charlotte Industrial Property: 10,000 SF

      Prime Charlotte manufacturing/warehouse
      3400 Silas Ave, Charlotte, NC 28206
      View Details
    • $399,000
      0.29 Acres

      Charlotte Manufacturing and Logistics Property

      Manufacturing and logistics property in Charlotte, close to major corridors.
      3555 Northerly Rd, Charlotte, NC 28206
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    • $3,250,000

      Charlotte Office/Service Garage For Sale

      2,471 +/- sf office/service garage in Charlotte, NC.
      825 N Graham St, Charlotte, NC 28206
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    • $12,500,000
      48,756 SF

      Charlotte Warehouse Investment Opportunity

      Prime industrial warehouse, 48,756 SF, 3 buildings
      901 Church St, Charlotte, NC 28206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,551 SF

      Woodland Business Park Warehouse Space

      Warehouse space in Woodland Business Park, Charlotte, NC.
      3800 Woodpark Blvd, Charlotte, NC 28206
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    • Contact for pricing
      2,225 SF

      Industrial Space with Ample Parking

      Three-building industrial complex with fenced security and ample parking.
      5100 Reagan Dr, Charlotte, NC 28206
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    • $54 SF/Yr
      220,000 SF

      Prime Warehouse Space, Charlotte

      Multiple suites available; 14,000-103,115 SF
      2920 Tryon St, Charlotte, NC 28206
      View Details
    • Contact for pricing
      2,504 SF

      Industrial Space in Charlotte, NC

      Industrial property featuring warehouse space and ample parking.
      5104 Reagan Dr, Charlotte, NC 28206
      View Details
    • Contact for pricing
      944,403 SF

      Charlotte Industrial Portfolio

      12 Buildings, 944,403 SF Available
      0 Woodpark Blvd, Charlotte, NC 28206
      View Details
    • Contact for pricing
      118,165 SF

      Warehouse Space Available for Sublease

      Sublease available with convenient access to major transportation routes.
      1200 Atando Ave, Charlotte, NC 28206
      View Details
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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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