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    Property profile & analytics

    W Franklin Blvd, NC

    • Super regional malls
    • 35,805 SF
    • 4.86 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4772464
    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

    • Super regional malls

    Property Details for W

    Year built
    1992
    Lot size
    4.86 lot acres
    Property size
    35,805 SF
    Property type
    Super regional malls
    APN
    302345
    APU
    302345

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Blvd
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.2555
    Latitude
    35.2592
    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
    2024
    $23,893
    $461,550
    $1,773,500
    $2,235,050
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $310,000
      0.83 Acres

      Durham, NC

      REGIONAL SHOPPING CENTER, MALL • 0.83 Acres
      Durham, NC
      View Details
    • Value Estimation by Request
      22.85 Acres

      E

      REGIONAL SHOPPING CENTER, MALL • 22.85 Acres
      E, Franklin Blvd, NC
      View Details
    • Value Estimation by Request
      67,682 SF

      Ss Point

      REGIONAL SHOPPING CENTER, MALL • 67,682 SF
      Ss Point, Rd, NC
      View Details
    • Value Estimation
      $4,225,000
      5,850 SF

      Neal Hawkins Rd, NC

      REGIONAL SHOPPING CENTER, MALL • 5,850 SF
      Neal Hawkins Rd, NC
      View Details
    • Value Estimation
      $3,940,000
      36,300 SF

      W

      REGIONAL SHOPPING CENTER, MALL • 36,300 SF
      W, Hudson Blvd, NC
      View Details
    • Value Estimation by Request
      48,954 SF

      Park

      REGIONAL SHOPPING CENTER, MALL • 48,954 SF
      Park, St, NC
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,484 SF

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      High-traffic corner lot suitable for various business ventures.
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      Concord Retail Investment Opportunity

      Retail property in high-growth market with attractive yield.
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      Retail Center Near Greenway Trails

      Retail center with frontage and connectivity to major roads.
      9241 Harwen Ln, Charlotte, NC
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    Similar Nearby for Lease

    • $31 SF/Yr
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      New retail space for lease on Highway 17.
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    • $32 SF/Yr
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      New Mixed-Use Development For Lease

      New construction mixed-use development featuring retail and Class-A office space.
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      Retail Space Near Oak Island

      Retail spaces for lease near Brunswick County beaches.
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      View Details
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      1,400 SF

      Retail Space Near Food Lion

      Retail space available in neighborhood center anchored by Food Lion.
      9548 Mt Holly-Huntersville Rd, Huntersville, NC
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      Retail Space in Mooresville Commons

      Retail space available in high-traffic Mooresville Town Square.
      134 Mooresville Cmns Way, Davidson, NC
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      110,055 SF

      Jacksonville Mall Anchor Space

      Large retail space in regional shopping destination near military base.
      300-377 Jacksonville Mall, Jacksonville, NC
      View Details
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    Franklin Blvd, NC
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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.

    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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