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    Charlotte, NC 28214
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    Property profile & analytics

    Charlotte, NC 28214

    View on Map
    • Warehouses
    • 39,994 SF
    • 4.78 lot acres
    Off-Market
    Property ID
    US53-3953197
    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
    $3,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    2020
    Lot size
    4.78 lot acres
    Property size
    39,994 SF
    Zone code
    I1CD
    Property type
    Warehouses
    APN
    11303108
    APU
    11303108

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,070,000
      Market price range: $2.82M - $6.07M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,550,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9738
    Latitude
    35.2389
    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
    $0.00
    $881,200
    $2,666,400
    $3,547,600
    -
    $881,200
    $2,666,400
    $3,547,600

    Comparable in this City

    • Value Estimation
      $1,380,000
      14,928 SF

      8740 Wilkinson Blvd

      WAREHOUSE, STORAGE • 14,928 SF
      8740 Wilkinson Blvd, Charlotte, NC 28214-8060
      View Details
    • Value Estimation by Request
      460 SF

      6621 Craig St

      WAREHOUSE, STORAGE • 460 SF
      6621 Craig St, Charlotte, NC 28214-1706
      View Details
    • Value Estimation
      $1,885,000
      20,696 SF

      120 Rhyne Rd

      WAREHOUSE, STORAGE • 20,696 SF
      120 Rhyne Rd, Charlotte, NC 28214-9473
      View Details
    • Value Estimation
      $15,300,000
      251,672 SF

      2415 Sam Wilson Rd

      WAREHOUSE, STORAGE • 251,672 SF
      2415 Sam Wilson Rd, Charlotte, NC 28214-9085
      View Details
    • Value Estimation
      $23,220,000
      175,839 SF

      9015 Air Park W Dr

      WAREHOUSE, STORAGE • 175,839 SF
      9015 Air Park W Dr, Charlotte, NC 28214-8541
      View Details
    • Value Estimation
      $6,990,000
      48,061 SF

      8300 Moores Chapel Rd

      WAREHOUSE, STORAGE • 48,061 SF
      8300 Moores Chapel Rd, Charlotte, NC 28214-1529
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,000 SF

      Charlotte Industrial Opportunity

      Two-property package with industrial and commercial land and buildings.
      10908 Mount Holly Rd, Charlotte, NC 28214
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    • Contact for pricing
      20,700 SF

      Industrial Opportunity on Mount Holly

      Versatile industrial space with expansion potential in Charlotte, North Carolina.
      10908 Mount Holly Rd, Charlotte, NC 28214
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    • $200,000
      1.02 Acres

      Residential Land Near I-485

      Residential land for sale near I-485 and White Water Center.
      Kiker Cir, Charlotte, NC 28214
      View Details
    • $125,000
      0.27 Acres

      Vacant Lot in Charlotte, NC

      Shovel-ready lot with water and sewer access in Northwest Charlotte.
      2426 Mt Holly-Huntersville Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      2,352 SF

      Charlotte Office Space For Sale

      2,352 SF office space on 1.061-acre parcel for sale.
      10401 Rozzelles Ferry Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing

      High Volume Corner Land Parcel

      Corner land parcel suitable for retail, automotive, office, or medical.
      11033 Mount Holly Rd, Charlotte, NC 28214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      155,400 SF

      Charlotte Manufacturing and Logistics Space

      155,400 SF available in master-planned park near I-485.
      Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      74,671 SF

      Charlotte Industrial Space For Lease

      Industrial spaces available for lease in Charlotte, North Carolina.
      2615 Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing
      271,200 SF

      Charlotte Industrial Space For Lease

      Industrial space for lease in Charlotte, near major transportation routes.
      2605 Verde Creek Rd, Charlotte, NC 28214
      View Details
    • Contact for pricing

      Industrial Building Near Future Station

      Industrial building on 7.94 AC near future transit station.
      3990 Sam Wilson Rd, Charlotte, NC 28214
      View Details
    • $12 SF/Yr
      40,000 SF

      Charlotte Warehouse Space Available

      40000 sqft warehouse space for lease in Charlotte.
      1430 West Pointe Dr, Charlotte, NC 28214
      View Details
    • Contact for pricing

      Charlotte Industrial Space For Rent

      98,446 SqFt industrial space available for lease in Charlotte.
      8301 Old Dowd Rd, Charlotte, NC 28214
      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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