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Property profile & analytics
OFF-MARKET
Estimated value
$10,065,000
Life science properties
10200 Claude Freeman Dr Charlotte, NC 28262
Entity Owned
Free & Clear
Property ID
US53-0873189
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Lot
51.78 ac (2,255,580 SF)
Zoning code
RE-3(O)
APN
4742105
UPID
US53-0873189
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.07M
Owner & transaction history
City Of Charlotte
City Of Charlotte
since 2026
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
RE-3(O) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RE-3 district allows for a broader range of research and other uses and more development potential than allowed in the RE-1 or RE-2 districts
Zone name
Research Optional Zoning District
General category
UNKNOWN
Zone area
169.59 ac
Source
Realmo
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
$10,420,000
ML approach
$11,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.07M
Range $9.06M – $11.07M · ±10% · vs last sale $9.00M (Jul 31 2020)
Last sale anchor
$9.00M
Jul 31 2020
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
—
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
$63,486
Tax year 2023
Assessed value
$8,655,200
Assessed 2024
Previous assessed
$8,655,200
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,655,200
Land market value
$8,655,200
Total market value
$8,655,200
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Heating
NONE
Lot
51.78 ac (2,255,580 SF)
Zoning code
RE-3(O)
APN
4742105
UPID
US53-0873189
Jurisdiction
MECKLENBURG
Zoning & alternative use
RE-3(O) · Charlotte, NCZoning RE-3(O) · permitted uses
RE-3(O) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RE-3 district allows for a broader range of research and other uses and more development potential than allowed in the RE-1 or RE-2 districts
Zone name
Research Optional Zoning District
General category
UNKNOWN
Zone area
169.59 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
51.78 ac
Current owner
From public records · entity-resolved
City Of Charlotte
Entity
Free & Clear · 0 yrs held
Mailing address
7700 FORSYTH BLVD, SAINT LOUIS, MO 63105-1810
Ownership since
2026
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
Mar 30, 2026
—
City Of Charlotte
Fdg Declan Urp LLC
Warranty Deed
—
Mar 27, 2026
—
Fdg Declan Urp LLC
Centene Management Company LLC
Deed
related
—
Mar 27, 2026
$11,000,000
Fdg Declan Urp LLC
Centene Management Company LLC
Special Warranty Deed
$56,225,000 · Cibc Bank USA
Jul 31, 2020
$9,000,000
Centene Management Co LLC
Electrolux North America INC
Grant Deed
—
Apr 24, 2013
$3,430,000
Electrolux North America INC
Fifth Third Bk
Grant Deed
—
Apr 24, 2013
—
Electrolux North America INC
Fifth Third Bk
Grant Deed
—
Feb 22, 1999
$1,102,000
First Charter National Ban
—
Grant Deed
related
—
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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