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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Auto shops
10120 Albemarle Rd Charlotte, NC 28227-3369
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0502952
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2004
Total area
16,279 SF
Lot
1.12 ac (48,874 SF)
Zoning code
B-2
APN
10940205
UPID
US53-0502952
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Elkins Automotive LLC Auto Repair Shop
-
AAMCO Charlotte, NC Auto Repair Shop
-
AAMCO Transmissions & Total Car Care Auto Repair Shop
-
NAPA Auto Parts Auto Parts Store
-
Tuffy Tire & Auto Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$500k
Owner & transaction history
Cornerstone Coml Prop Portfol · 6 yrs held
Cornerstone Coml Prop Portfol
since 2020
7 recorded transactions
Zoning & alternative use
B-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,681
Tax year 2023
Assessed value
$1,592,500
Assessed 2024
Previous assessed
$1,615,200
-1.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$414,300
Assessed improvement
$1,178,200
Land market value
$414,300
Improvement market value
$1,178,200
Total market value
$1,592,500
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,279 SF
Lot
1.12 ac (48,874 SF)
Zoning code
B-2
APN
10940205
UPID
US53-0502952
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NC
Zoning B-2 · permitted uses
B-2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Cornerstone Coml Prop Portfol
Individual
Mailing address
17115 KENTON DR STE 200A, CORNELIUS, NC 28031-5646
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
—
Cornerstone Commercial Proprities P
—
Deed
related
$13,200,000 · Barclays Capital Real Estate INC
Jan 21, 2020
—
Cornerstone Coml Prop Portfol
Cpc Properties LLC
Grant Deed
$9,500,000 · Cibc
Jan 25, 2019
—
Cpc Properties LLC
—
Grant Deed
related
$110,000,000 · Charlotte Metro FCU
Oct 24, 2005
$1,989,000
Lakonia Properties LLC
Couchell,peter J & Faye P
Grant Deed
—
Oct 2, 2003
$125,000
Peter J Couchell
Couchell,george J & Helen K
Grant Deed
related
—
—
—
Lakonia Properties LLC
—
Deed Of Trust
related
$850,000 · Suntrust Bank NA
—
—
Lakonia Properties LLC
—
Deed Of Trust
related
$400,000 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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