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

    Charlotte, NC 28278

    • Strip malls
    • 7,320 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3544715
    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

    • Strip malls

    Property Details

    Lot size
    1.04 lot acres
    Property size
    7,320 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    19924313
    APU
    19924313

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,190,000
      Current use
      AUTO REPAIR, GARAGE
      $1,910,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9685
    Latitude
    35.1661
    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
    $14,063
    $906,200
    $1,011,000
    $1,917,200
    -
    $906,200
    $1,011,000
    $1,917,200

    Comparable in this City

    • Value Estimation
      $3,120,000
      15,990 SF

      13000 Tryon St

      SHOPPING CENTER, STRIP CENTER • 15,990 SF
      13000 Tryon St, Charlotte, NC 28278-7603
      View Details
    • Value Estimation
      $1,210,000
      6,000 SF

      13000 Tryon St

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      13000 Tryon St, Charlotte, NC 28278-7603
      View Details
    • Value Estimation
      $10,890,000
      459,020 SF

      5524 New Fashion Way

      SHOPPING CENTER, STRIP CENTER • 459,020 SF
      5524 New Fashion Way, Charlotte, NC 28278-5222
      View Details
    • Value Estimation
      $2,015,000
      9,461 SF

      13545 Steelecroft Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,461 SF
      13545 Steelecroft Pkwy, Charlotte, NC 28278-7561
      View Details
    • Value Estimation
      $1,990,000
      10,860 SF

      Charlotte, NC 28278

      SHOPPING CENTER, STRIP CENTER • 10,860 SF
      Charlotte, NC 28278
      View Details
    • Value Estimation by Request
      2,412 SF

      8640 Rachel Freeman Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,412 SF
      8640 Rachel Freeman Way, Charlotte, NC 28278-9567
      View Details

    Similar Nearby for Sale

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      5.29 Acres

      Land in The Sanctuary, Charlotte

      5.29 acre lot in The Sanctuary near Lake Wylie.
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    • $200,000
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      Charlotte Vacant Lot Near Water

      Vacant lot perfect for building a custom home or investment property.
      13210 Pine Harbor Rd, Charlotte, NC 28278
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    • $4,375,000
      16.00 Acres

      Charlotte Land Development Opportunity

      16-acre land parcel in growing Steele Creek area.
      15207 Shopton Rd W, Charlotte, NC 28278
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    • Contact for pricing

      Waterfront Lot in Sanctuary Community

      4.28-acre waterfront lot with approved dock plans in Charlotte.
      13712 Sage Thrasher Ln, Charlotte, NC 28278
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    • $540,000

      Lake Wylie Estate Home Lot

      5.7 acre lot in The Sanctuary community on Lake Wylie.
      10629 Island Point Rd, Charlotte, NC 28278
      View Details
    • New
      $499,000
      7.36 Acres

      7.36 Acres Wooded Homesite

      Prime wooded homesite in The Sanctuary on Lake Wylie.
      9026 Island Point Rd, Charlotte, NC 28278
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Publix Anchored Shopping Center

      47,000 SF retail space in growing Steele Creek community.
      160 Hwy 49 & Hwy, Charlotte, NC 28278
      View Details
    • Contact for pricing

      Retail Space in Charlotte, NC

      79,226 SF Harris Teeter anchored neighborhood center for lease.
      13000 South Tryon St, Charlotte, NC 28278
      View Details
    • Contact for pricing
      1,317 SF

      Restaurant Space in Berewick Commons

      1,317 SF second-generation restaurant space available 1/1/26.
      4833 Berewick Commons Pkwy, Charlotte, NC 28278
      View Details
    • Contact for pricing
      7,500 SF

      Berewick Town Center Medical Office Space

      Modern Medical Office Suites, Prime Location
      0 Berewick Town Ctr Dr, Charlotte, NC 28278
      View Details
    • Contact for pricing
      300,000 SF

      Charlotte Industrial Facility For Rent

      300,000 SF industrial facility near Charlotte Douglas Airport.
      10800 Withers Cove Park Dr, Charlotte, NC 28278
      View Details
    • Contact for pricing
      479,600 SF

      Charlotte Warehouse with Ample Parking

      Large warehouse with high ceilings, multiple docks, and extensive parking.
      10813 Garrison Rd, Charlotte, NC 28278
      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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