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Property profile & analytics
OFF-MARKET
Estimated value
$190,000
Industrial land
11320 Allen Sta Dr Mint Hill, NC 28227-7087
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-2385022
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.86 ac (124,669 SF)
Zoning code
I-G(CD)
APN
13715254
UPID
US53-2385022
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
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
Casanova Investments LLC · 6 yrs held
Casanova Investments LLC
since 2020
Last sale
$179,000
3 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
$205,000
ML approach
$205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$190k
Range $171k – $209k · ±10% · vs last sale $179k (May 7 2020)
Last sale anchor
$179k
May 7 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
$1,626
Tax year 2023
Assessed value
$232,900
Assessed 2024
Previous assessed
$232,900
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$232,900
Land market value
$232,900
Total market value
$232,900
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2.86 ac (124,669 SF)
Zoning code
I-G(CD)
APN
13715254
UPID
US53-2385022
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
Heating
NONE
Lot
2.86 ac
Current owner
From public records · entity-resolved
Casanova Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
6630 EW T HARRIS BLVD STE A, CHARLOTTE, NC 28215-5130
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
Casanova Investments LLC
—
Deed
related
$415,000 · Truist Bank
May 7, 2020
$179,000
Casanova Investments LLC
Albemarle Road Associates LLC
Grant Deed
—
—
—
Albemarle Road Associates LLC
—
Deed Of Trust
related
$5,733,000 · Branch Banking & Trust Co
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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