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

    Charlotte, NC 28273

    • Warehouses
    • 603,600 SF
    • 55.86 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2022
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0772089
    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

    Lot size
    55.86 lot acres
    Property size
    603,600 SF
    Property type
    Warehouses
    APN
    20105124
    APU
    20105124

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,050,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9367
    Latitude
    35.1573
    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
    $249,444
    $3,973,700
    $30,033,700
    $34,007,400
    -
    $3,973,700
    $30,033,700
    $34,007,400

    Comparable in this City

    • Value Estimation
      $1,135,000
      559,210 SF

      7125 Logistics Ctr Dr

      WAREHOUSE, STORAGE • 559,210 SF
      7125 Logistics Ctr Dr, Charlotte, NC 28273-4638
      View Details
    • Value Estimation
      $445,000
      12,000 SF

      901 Crafters Ln

      WAREHOUSE, STORAGE • 12,000 SF
      901 Crafters Ln, Charlotte, NC 28273
      View Details
    • Value Estimation
      $915,000
      89,610 SF

      2130 Cambridge Beltway Dr

      MINI-WAREHOUSE, STORAGE • 89,610 SF
      2130 Cambridge Beltway Dr, Charlotte, NC 28273-4350
      View Details
    • Value Estimation
      $1,040,000
      76,604 SF

      12730 Virkler Dr

      WAREHOUSE, STORAGE • 76,604 SF
      12730 Virkler Dr, Charlotte, NC 28273-3890
      View Details
    • Value Estimation
      $670,000
      31,446 SF

      13607 Pt Blvd

      WAREHOUSE, STORAGE • 31,446 SF
      13607 Pt Blvd, Charlotte, NC 28273-7710
      View Details
    • Value Estimation
      $910,000
      73,457 SF

      10901 Carpet St

      WAREHOUSE, STORAGE • 73,457 SF
      10901 Carpet St, Charlotte, NC 28273
      View Details

    Similar Nearby for Sale

    • $410,000
      3,375 SF

      Office-Warehouse Condo Near I-77

      3,375 SF office-warehouse condo in well-kept complex near I-77.
      444-444 Crompton St, Charlotte, NC 28273
      View Details
    • $3,600,000
      19,875 SF

      Charlotte Industrial Building For Sale

      19,875 SF industrial building in Charlotte's Steele Creek area.
      10725 John Price Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      106,500 SF

      106,500 SF Warehouse on 11.55 Acres

      106,500 SF warehouse with 23' clear height for sale.
      14001 S Lakes Dr, Charlotte, NC 28273
      View Details
    • Contact for pricing
      18,270 SF

      Single-Tenant Building on 3 Acres

      Single-tenant building on 3 acres, short term sale-leaseback opportunity.
      12001 Steele Creek Rd, Charlotte, NC 28273
      View Details
    • $725,000

      Prime Land in Growing Market

      Outparcel in growing market near retail and office development.
      2312 Whitehall Park Dr, Charlotte, NC 28273
      View Details
    • $600,000
      0.88 Acres

      Prime Land in Charlotte, NC

      0.88-acre cleared parcel with high visibility in growing corridor.
      4402 Riverdale Dr, Charlotte, NC 28273
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      104,800 SF

      Steele Park Warehouse Space Available

      Class A warehouse; 31,293 sq ft available.
      8530 Steele Creek Rd, Charlotte, NC 28273
      View Details
    • $14 SF/Yr
      13,500 SF

      Arrowridge Blvd Warehouse Space For Lease

      Large warehouse, multiple spaces available.
      8200 Arrowridge Blvd, Charlotte, NC 28273
      View Details
    • $9 SF/Yr
      60,800 SF

      Warehouse Space Available For Rent

      60,800 square foot warehouse space available for rent.
      10616 Granite St, Charlotte, NC 28273
      View Details
    • Contact for pricing
      80,430 SF

      Charlotte Warehouse and Distribution Space

      80,430 SF warehouse/distribution space near major transportation routes.
      12830 Virkler Dr, Charlotte, NC 28273
      View Details
    • $6 SF/Yr
      109,012 SF

      Warehouse Space For Lease

      109,012 SF warehouse space available for lease.
      11922 General Dr, Charlotte, NC 28273
      View Details
    • $16 SF/Yr
      5,960 SF

      Westinghouse Blvd Warehouse/Flex Space

      5,960 SF warehouse/flex space with office in Charlotte, NC.
      4526 Westinghouse Blvd, Charlotte, NC 28273
      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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