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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Manufacturing properties
10737 Independence Hl Rd Charlotte, NC 28269
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-0459395
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Total area
48,856 SF
Lot
3.69 ac (160,606 SF)
Zoning code
I-1(CD)
APN
19329401
UPID
US53-0459395
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
Independence Pointe Investments · 10 yrs held
Independence Pointe Investments
since 2016
5 recorded transactions
Zoning & alternative use
I-1(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The primary purpose of this light industrial district is to create and protect industrial areas for light manufacturing and the distribution of products at wholesale, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Light Industrial Conditional Zoning District
General category
INDUSTRIAL
Zone area
1,839.35 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$85 / 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
$25,010
Tax year 2023
Assessed value
$3,381,500
Assessed 2024
Previous assessed
$3,449,200
-2.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$888,800
Assessed improvement
$2,492,700
Land market value
$888,800
Improvement market value
$2,492,700
Total market value
$3,381,500
Applied tax rate
19.0000
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
1989
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
48,856 SF
Lot
3.69 ac (160,606 SF)
Zoning code
I-1(CD)
APN
19329401
UPID
US53-0459395
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1(CD) · Charlotte, NCZoning I-1(CD) · permitted uses
I-1(CD) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The primary purpose of this light industrial district is to create and protect industrial areas for light manufacturing and the distribution of products at wholesale, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Light Industrial Conditional Zoning District
General category
INDUSTRIAL
Zone area
1,839.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
3.69 ac
Current owner
From public records · entity-resolved
Independence Pointe Investments
Entity
Mailing address
10737 INDEPENDENCE POINTE PKWY, MATTHEWS, NC 28105-2885
Ownership since
2016
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
Jan 26, 2016
$2,742,000
Independence Pointe Investments
Estul
Warranty Deed
$2,193,600 · Pnc Bank NA
Jan 26, 2016
—
Rx Textiles Real Estate LLC
Independence Pointe Invs LLC
Dual Purpose Document
related
—
Mar 13, 1995
$1,500,500
Estul,llc
Estul,llc
Grant Deed
related
—
Jun 1, 1990
$2,188,500
International Healthco
Unknown
Grant Deed
—
—
—
Independence Pointe Invs LLC
—
Loan Modification
related
$1,100,000 · Joseph A III Davant
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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