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 28273

    • Day care centers
    • 9,908 SF
    • 1.61 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2022
    $840,000
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2242591
    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

    • Day care centers

    Property Details

    Lot size
    1.61 lot acres
    Property size
    9,908 SF
    Property type
    Day care centers
    APN
    20105129
    APU
    20105129

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $865,000
      ML approach
      $970,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $838,000
      Market price range: $425k - $1.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9454
    Latitude
    35.1568
    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
    $12,354
    $773,400
    $910,800
    $1,684,200
    -
    $773,400
    $910,800
    $1,684,200

    Comparable in this City

    • Value Estimation
      $1,245,000
      11,136 SF

      3960 Arrowood Rd

      DAY CARE, PRE-SCHOOL • 11,136 SF
      3960 Arrowood Rd, Charlotte, NC 28273-0013
      View Details
    • Value Estimation
      $1,265,000
      9,204 SF

      1551 Arrowpoint Ln

      DAY CARE, PRE-SCHOOL • 9,204 SF
      1551 Arrowpoint Ln, Charlotte, NC 28273-8112
      View Details
    • Value Estimation
      $2,405,000
      16,445 SF

      13755 Steele Crk Rd

      DAY CARE, PRE-SCHOOL • 16,445 SF
      13755 Steele Crk Rd, Charlotte, NC 28273-6841
      View Details
    • Value Estimation
      $740,000
      15,750 SF

      10710 John Price Rd

      DAY CARE, PRE-SCHOOL • 15,750 SF
      10710 John Price Rd, Charlotte, NC 28273-4529
      View Details
    • Value Estimation by Request
      5,415 SF

      9221 Tryon St

      DAY CARE, PRE-SCHOOL • 5,415 SF
      9221 Tryon St, Charlotte, NC 28273-3697
      View Details
    • Value Estimation
      $1,560,000
      12,570 SF

      13526 Erwin Rd

      DAY CARE, PRE-SCHOOL • 12,570 SF
      13526 Erwin Rd, Charlotte, NC 28273-6642
      View Details

    Similar Nearby for Sale

    • $3,898,706
      81 SF

      Leased Restaurant Property Near Outlets

      Profitable investment opportunity with a desirable NNN lease term.
      4824 Berewick Town Ctr Dr, Charlotte, NC 28273
      View Details
    • $265,000

      Steele Creek Townhome with Upgrades

      Beautiful townhome in Calloway Glen, move-in ready with upgrades.
      12731 Persimmon Tree Dr, Charlotte, NC 28273
      View Details
    • $445,000
      2.27 Acres

      Charlotte Wooded Lot Near Uptown

      2.27-acre wooded lot near Uptown Charlotte with development potential.
      3008 Beaman Ave, Charlotte, NC 28273
      View Details
    • $350,000
      2.70 Acres

      Residential Lot in Charlotte Community

      Prime residential lot in established Charlotte community, close to city.
      3132 Beaman Ave, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Charlotte Auto Shop Investment

      NNN Leased Auto Repair Center, High NOI
      8940 Tryon St, 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

    Similar Nearby for Lease

    • Contact for pricing
      38,619 SF

      Charlotte Specialty Property for Rent

      Specialty property with I-1 zoning, available for immediate occupancy.
      13900 S Lakes Dr, Charlotte, NC 28273
      View Details
    • $1,710 /Mo
      1,332 SF

      Bennington Place Townhome with Patio

      Two-bedroom townhome with open living space and rear patio.
      12340 Honey Hill Ln, Charlotte, NC 28273
      View Details
    • Contact for pricing
      48,615 SF

      Warehouse Space with Outdoor Storage

      48,615 SF warehouse with office and outdoor storage available.
      9415 Pioneer Ave, Charlotte, NC 28273
      View Details
    • Contact for pricing
      20,008 SF

      Lakemont West Business Park Space

      Class-A industrial space in Lakemont West Business Park available for rent.
      13321 Carowinds Blvd, Charlotte, NC 28273
      View Details
    • $15 SF/Yr
      7,350 SF

      The Park #3 Retail Space Available

      Mecklenburg County retail space, multiple units.
      9731 Southern Pine Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      1,361,756 SF

      Charlotte Distribution Center

      1M+ SF Industrial Space Available
      1900 Continental Blvd, Charlotte, NC 28273
      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 28273
    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.