Add Listing
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

    Charlotte, NC 28208

    • Manufacturing properties
    • 36,166 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    Feb 04, 2021
    Value Estimations
    $3,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4068191
    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

    • Manufacturing properties

    Property Details

    Year built
    1955
    Lot size
    1.93 lot acres
    Property size
    36,166 SF
    Property type
    Manufacturing properties
    APN
    7111418
    APU
    7111418

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,372,000
      Market price range: $4.37M - $19.8M
      AI Estimate
      $2,040,000
      Market price range: $906k - $6.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8669
    Latitude
    35.2437
    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
    $14,851
    $1,685,700
    $339,000
    $2,024,700
    -
    $1,685,700
    $339,000
    $2,024,700

    Comparable in this City

    • Value Estimation
      $9,795,000
      65,879 SF

      2027 Gtwy Blvd

      MANUFACTURING (LIGHT) • 65,879 SF
      2027 Gtwy Blvd, Charlotte, NC 28208-2735
      View Details
    • Value Estimation
      $11,210,000
      141,964 SF

      4915 Hovis Rd

      MANUFACTURING (LIGHT) • 141,964 SF
      4915 Hovis Rd, Charlotte, NC 28208-1512
      View Details
    • Value Estimation
      $2,470,000
      16,492 SF

      3300 Oak Lk Blvd

      MANUFACTURING (LIGHT) • 16,492 SF
      3300 Oak Lk Blvd, Charlotte, NC 28208-7707
      View Details
    • Value Estimation
      $4,335,000
      50,086 SF

      1921 Freedom Dr

      MANUFACTURING (LIGHT) • 50,086 SF
      1921 Freedom Dr, Charlotte, NC 28208-5250
      View Details
    • Value Estimation
      $7,680,000
      55,818 SF

      1304 Berryhill Rd

      MANUFACTURING (LIGHT) • 55,818 SF
      1304 Berryhill Rd, Charlotte, NC 28208-4010
      View Details
    • Value Estimation
      $2,710,000
      32,441 SF

      2925 Old Steele Crk Rd

      MANUFACTURING (LIGHT) • 32,441 SF
      2925 Old Steele Crk Rd, Charlotte, NC 28208-6726
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Warehouse with Permitted Paint Booth

      3,600 SF warehouse with paint booth in Opportunity Zone.
      2700 Midland Ave, Charlotte, NC 28208
      View Details
    • Contact for pricing
      11,580 SF

      Redevelopment Opportunity on Wilkinson Boulevard

      Prime 2.2-acre site for redevelopment in Charlotte corridor.
      3221 Wilkinson Blvd, Charlotte, NC 28208
      View Details
    • $3,500,000
      11,480 SF

      Lower Tuck Redevelopment Opportunity

      Two buildings for sale in growing Lower Tuck neighborhood.
      1020 Tuckaseegee 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
    • Contact for pricing

      Land Near Charlotte Airport

      6.234 acres of land ready for development.
      Eatonton & Newberry St Assemblage, Charlotte, NC 28208
      View Details
    • Contact for pricing

      Flat Lot on Corner Location

      Commercial land with road frontage in a high-demand market.
      3443 Axar Rd, Charlotte, NC 28208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Afton Ridge III Warehouse Space

      172,740 SF warehouse in Concord, NC near I-85.
      6054 Gln Afton Blvd, Charlotte, NC 28208
      View Details
    • Contact for pricing
      175,000 SF

      Charlotte Warehouse and Distribution Space

      175,000 SF warehouse with rail access in Charlotte.
      1531 Tar Heel 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
    • Contact for pricing

      Industrial Unit with Office Space

      Industrial end-cap unit featuring office space for rent.
      3035 Horseshoe Ln, Charlotte, NC 28208
      View Details
    • Contact for pricing
      12,839 SF

      Industrial Building with Highway Access

      Industrial building with office space and immediate highway access.
      2537 Scott Futrell Dr, Charlotte, NC 28208
      View Details
    • Contact for pricing
      8,310 SF

      Industrial Space in Charlotte

      Industrial property available for rent in Charlotte, North Carolina.
      2420 Berryhill Rd, Charlotte, NC 28208
      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.
    Charlotte, NC 28208
    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.
    Sign Up Successful!
    You now have access to more from Realmo!