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Property profile & analytics
OFF-MARKET
Estimated value
$13,415,000
Manufacturing properties
10300 Claude Freeman Dr Charlotte, NC 28262-2339
Entity Owned
Free & Clear
Property ID
US53-0969325
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
94,920 SF
Lot
18.22 ac (793,794 SF)
Zoning code
RE-3(O)
APN
4742103
UPID
US53-0969325
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
-
Valspar Corporation Distribution Center Logistics Company
-
Sherwin-Williams Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.91M
Comparable Approach
Comparable
$12.47M
Blend (final)
Blend
$13.42M
Owner & transaction history
LILLY INDUSTRIES USA INC
LILLY INDUSTRIES USA INC
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,155,000
6.5%
$14,910,000
7%
$13,845,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,400,000
Current use
Blend value · Realmo final
$13.42M
Range $12.07M – $14.76M · ±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
$141 / 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
$76,023
Tax year 2023
Assessed value
$10,364,400
Assessed 2024
Previous assessed
$10,384,200
-0.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,364,300
Assessed improvement
$7,000,100
Land market value
$3,364,300
Improvement market value
$7,000,100
Total market value
$10,364,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
94,920 SF
Lot
18.22 ac (793,794 SF)
Zoning code
RE-3(O)
APN
4742103
UPID
US53-0969325
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$21.4M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
18.22 ac
Current owner
From public records · entity-resolved
LILLY INDUSTRIES USA INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 6027, CLEVELAND, OH 44101-1027
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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