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    Charlotte, NC 28208
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    Property profile & analytics

    Charlotte, NC 28208

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    • Office buildings
    • 6,000 SF
    • 0.95 lot acres
    Off-Market
    Property ID
    US53-1559965
    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
    $1,520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details

    Year built
    1974
    Lot size
    0.95 lot acres
    Property size
    6,000 SF
    Zone code
    B-1
    Property type
    Office buildings
    APN
    7324403
    APU
    7324403

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,645,000
      6.5%
      $1,520,000
      7%
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,928,000
      Market price range: $957k - $2.48M
      AI Estimate
      $1,116,000
      Market price range: $287k - $1.75M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,790,000
      Current use
      MEDICAL BUILDING
      $2,420,000
      Change: +35% Conversion: Easy
      RETAIL STORES
      $1,985,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,795,000
      Change: +0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,565,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8607
    Latitude
    35.2308
    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
    $12,129
    $1,653,600
    $0.00
    $1,653,600
    -
    $1,653,600
    $0.00
    $1,653,600

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      4435 Golf Acres Dr

      OFFICE BUILDING • 0.10 Acres
      4435 Golf Acres Dr, Charlotte, NC 28208-6082
      View Details
    • Value Estimation by Request
      0.61 Acres

      4712 Tuckaseegee Rd

      OFFICE BUILDING • 0.61 Acres
      4712 Tuckaseegee Rd, Charlotte, NC 28208-2508
      View Details
    • Value Estimation
      $1,645,000
      10,000 SF

      Oak Lk Blvd

      OFFICE BUILDING • 10,000 SF
      Oak Lk Blvd, Charlotte, NC 28208
      View Details
    • Value Estimation by Request
      1,140 SF

      3004 Tuckaseegee Rd

      OFFICE BUILDING • 1,140 SF
      3004 Tuckaseegee Rd, Charlotte, NC 28208-3354
      View Details
    • Value Estimation
      $7,815,000
      44,200 SF

      4828 Airport Ctr Pkwy

      OFFICE BUILDING • 44,200 SF
      4828 Airport Ctr Pkwy, Charlotte, NC 28208-5886
      View Details
    • Value Estimation
      $10,750,000
      53,014 SF

      5039 Airport Ctr Pkwy

      OFFICE BUILDING • 53,014 SF
      5039 Airport Ctr Pkwy, Charlotte, NC 28208-5885
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Space

      Class A office space in Charlotte's Airport submarket.
      3730 Glenlake Dr, Charlotte, NC 28208
      View Details
    • Contact for pricing
      2,725 SF

      Charlotte Mixed-Use Investment Opportunity

      Mixed-use property in a sought-after Charlotte neighborhood.
      2716 Tuckaseegee Rd, Charlotte, NC 28208
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office space in Charlotte's Airport submarket.
      3735 Glenlake Dr, Charlotte, NC 28208
      View Details
    • $150,000

      Versatile Mixed-Use Property

      Mixed-use property with income potential in growing west Charlotte.
      4924 Freedom Dr, Charlotte, NC 28208
      View Details
    • $2,000,000

      Office Space Near Interstate 85

      8,920 SF office space with meeting area near I-85.
      4409 Hovis Rd, Charlotte, NC 28208
      View Details
    • $295,000
      0.16 Acres

      Building Lot in Marsh Estates

      Building lot in booming area near uptown Charlotte.
      2042 Highland St, Charlotte, NC 28208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,132 SF

      Historic Office Building For Lease

      Historic office building near Uptown, South End, and FreeMoreWest.
      1401 W Morehead St, Charlotte, NC 28208
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office space in Charlotte's Airport submarket.
      3735 Glenlake Dr, Charlotte, NC 28208
      View Details
    • Contact for pricing
      12,213 SF

      Office Space For Rent

      Office space available for lease in Charlotte, North Carolina.
      720 Tuckaseegee Rd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      80,172 SF

      Furnished Office Space For Rent

      Furnished office space with high-end finishes in Charlotte, NC.
      2425 Cascade Pointe Blvd, Charlotte, NC 28208
      View Details
    • Contact for pricing

      FreeMoreWest New Construction Office Space

      New office space for lease in growing FreeMoreWest neighborhood.
      2427 Tuckaseegee Rd, Charlotte, NC 28208
      View Details
    • Contact for pricing

      Carolina Business Center

      Single-story office and industrial business center near I-85.
      2818 Queen City Dr, Charlotte, NC 28208
      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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