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Property profile & analytics
OFF-MARKET
Estimated value
$135,000
Auto shops
11140 Business Ln Mint Hill, NC 28227-6911
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-3554060
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2019
Total area
3,960 SF
Lot
1.99 ac (86,728 SF)
Zoning code
I-G(CD)
APN
13909223
UPID
US53-3554060
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
$145k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$135k
Owner & transaction history
Griffin Partnership LLC · 3 yrs held
Griffin Partnership LLC
since 2023
Last sale
$130,000
2 recorded transactions
Zoning & alternative use
I-G(CD) · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Provides for limited industrial uses as well as retail sales and services and other compatible uses. The Conditional Zoning (CD) rezoning process allows for the establishment of certain uses that, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole.
Zone name
General Industrial Conditional
General category
INDUSTRIAL
Zone area
400.48 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
$135,000
ML approach
$145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$135k
Range $122k – $149k · ±10% · vs last sale $130k (Jun 14 2023)
Last sale anchor
$130k
Jun 14 2023
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
$34 / 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
$3,699
Tax year 2023
Assessed value
$529,900
Assessed 2024
Previous assessed
$568,100
-6.7% YoY
Effective rate
0.70%
On assessed value
Assessed land
$199,100
Assessed improvement
$330,800
Land market value
$199,100
Improvement market value
$330,800
Total market value
$529,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,960 SF
Lot
1.99 ac (86,728 SF)
Zoning code
I-G(CD)
APN
13909223
UPID
US53-3554060
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-G(CD) · Mint Hill, NCZoning I-G(CD) · permitted uses
I-G(CD) · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Provides for limited industrial uses as well as retail sales and services and other compatible uses. The Conditional Zoning (CD) rezoning process allows for the establishment of certain uses that, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole.
Zone name
General Industrial Conditional
General category
INDUSTRIAL
Zone area
400.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Griffin Partnership LLC
Entity
Free & Clear · 3 yrs held
Mailing address
9311 MACHADO DR, INDIAN TRAIL, NC 28079-7718
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
—
Griffin Partnership LLC
Griffin Goforth Properties LLC
Intrafamily Transfer
related
—
Jun 2, 2016
$130,000
Griffin-goforth Properties LLC
Mobley,edward L JR
Warranty Deed
—
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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