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

    Charlotte, NC 28217

    • Industrial land
    • 1,152 SF
    • 4.93 lot acres
    OFF-MARKET
    Last Sale
    Aug 24, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0480847
    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

    • Industrial land

    Property Details

    Year built
    1989
    Lot size
    4.93 lot acres
    Property size
    1,152 SF
    Zone code
    I1CD
    Property type
    Industrial land
    APN
    14125108
    APU
    14125108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9505
    Latitude
    35.1722
    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
    $455,800
    $0.00
    $455,800
    -
    $455,800
    $0.00
    $455,800

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      213 Yeoman Rd

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      213 Yeoman Rd, Charlotte, NC 28217-1833
      View Details
    • Value Estimation by Request
      0.83 Acres

      Lakeview Dr

      INDUSTRIAL - VACANT LAND • 0.83 Acres
      Lakeview Dr, Charlotte, NC 28217
      View Details
    • Value Estimation by Request
      75.18 Acres

      8641 Byrum Dr

      INDUSTRIAL - VACANT LAND • 75.18 Acres
      8641 Byrum Dr, Charlotte, NC 28217-2365
      View Details
    • Value Estimation by Request
      23.14 Acres

      Byrum Dr

      INDUSTRIAL - VACANT LAND • 23.14 Acres
      Byrum Dr, Charlotte, NC 28217
      View Details
    • Value Estimation by Request
      0.96 Acres

      3238 Grn Park Cir

      INDUSTRIAL - VACANT LAND • 0.96 Acres
      3238 Grn Park Cir, Charlotte, NC 28217
      View Details
    • Value Estimation by Request
      0.75 Acres

      6121 Kenley Ln

      INDUSTRIAL - VACANT LAND • 0.75 Acres
      6121 Kenley Ln, Charlotte, NC 28217-3533
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,172 SF

      Charlotte Industrial Property with Storage

      Versatile industrial property with warehouse, showroom, office, and outdoor storage.
      600 Phillip Davis Dr, Charlotte, NC 28217
      View Details
    • Contact for pricing

      Industrial Land Near Airport

      5.14 acre industrial land near Charlotte Douglas Airport.
      4000 Shopton Rd, Charlotte, NC 28217
      View Details
    • $1,750,000

      Land Near Charlotte Airport

      Expansive land parcel near Charlotte Douglas International Airport.
      4216 Shopton Rd, Charlotte, NC 28217
      View Details
    • $3,000,000
      6.22 Acres

      Prime Land in Charlotte, NC

      High-visibility land with development potential near I-485 and retail.
      8151 Steele Creek Rd, Charlotte, NC 28217
      View Details
    • $800,000

      Shopton Road Commercial Land Available

      Commercial land for sale with convenient access to major highways.
      4704 Shopton Rd, Charlotte, NC 28217
      View Details
    • $900,000
      78,582 SF

      Land at Signalized Intersection

      Land with high visibility at a signalized intersection.
      6438 S Tryon St, Charlotte, NC 28217
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Signalized Corner Land for Lease

      Commercial land for lease with high visibility and traffic.
      100 E Woodlawn Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing
      10,000 SF

      South End Industrial Ground Lease

      ±0.53 Acres, 10,000 SF Warehouse
      305 Clanton Rd, Charlotte, NC 28217
      View Details
    • $1,700 /Mo

      Land for Ground Lease

      Commercial land available for ground lease near Nations Crossing.
      4805 Nations Crossing Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing

      Land and Warehouse Opportunity

      Land and warehouse available for lease in growing area.
      4413 Yancey Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing

      Yancey Road Commercial Land Opportunity

      0.9-acre lot, I-2 zoning, high growth potential.
      4413 Yancey Rd, Charlotte, NC 28217
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent in excellent location.
      Griffith Rd, Charlotte, NC 28217
      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 28217
    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.