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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Industrial land
10681 Clear Crk Commerce Dr Mint Hill, NC 28227
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0487858
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
10.44 ac (454,636 SF)
Zoning code
I
APN
13715201
UPID
US53-0487858
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
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Reals Estate At Mint Hill LLC · 4 yrs held
Reals Estate At Mint Hill LLC
since 2021
Last sale
$934,500
5 recorded transactions
Zoning & alternative use
I · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to accommodate mid and large sized public, semipublic and institutional uses, such as schools, libraries or large churches which have a substantial land use impact or traffic generation potential. It is not intended for the small institutional uses customarily found within residential areas, such as small churches. Because of potent…
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
282.76 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 Mint Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mint Hill 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
$1,035,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $935k (Dec 21 2021)
Last sale anchor
$935k
Dec 21 2021
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
$6,354
Tax year 2023
Assessed value
$910,200
Assessed 2024
Previous assessed
$917,600
-0.8% YoY
Effective rate
0.70%
On assessed value
Assessed land
$910,200
Land market value
$910,200
Total market value
$910,200
Applied tax rate
17.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
10.44 ac (454,636 SF)
Zoning code
I
APN
13715201
UPID
US53-0487858
Jurisdiction
MECKLENBURG
Zoning & alternative use
I · Mint Hill, NCZoning I · permitted uses
I · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to accommodate mid and large sized public, semipublic and institutional uses, such as schools, libraries or large churches which have a substantial land use impact or traffic generation potential. It is not intended for the small institutional uses customarily found within residential areas, such as small churches. Because of potential adverse impacts, all institutional uses shall require site plan approval by the Board of Commissioners.
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
282.76 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
10.44 ac
Current owner
From public records · entity-resolved
Reals Estate At Mint Hill LLC
Entity
Mailing address
7011 SETTLER AVE, WATERFORD, WI 53185-1915
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$934,500
Reals Estate At Mint Hill LLC
Albemarle Road Associates LLC
Special Warranty Deed
$1,000,000 · Ziegler Family Real Estate LLC
Sep 1, 2021
$219,000
Vintage Land Holdings LLC
Albemarle Road Associates LLC
Special Warranty Deed
$134,875 · Blueharbor Bank
Aug 19, 2021
$277,500
Mac Ofl Properties LLC
Albemarle Road Associates LLC
Special Warranty Deed
—
Jan 11, 2012
—
Charlotte-mecklenburg Board Of Ed
Mecklenburg County
Quit Claim Deed
—
Jun 8, 1998
$1,373,000
Ad Bel Ltd
Ad Bel Ltd
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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