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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Industrial properties
11327 Allen Sta Dr Mint Hill, NC 28227-7098
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2453438
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2019
Total area
23,840 SF
Lot
3.06 ac (133,381 SF)
Zoning code
IGCUD
APN
13715220
UPID
US53-2453438
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
$4.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$4.30M
Owner & transaction history
122 Cherokee Road LLC · 2 yrs held
122 Cherokee Road LLC
since 2024
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
IGCUD · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
PowerPoint Presentation
Top alternative use upside
Neighborhood: shopping center
$7.1M
+32.6%
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
$4,300,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,375,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,125,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.30M (Feb 26 2024)
Last sale anchor
$4.30M
Feb 26 2024
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
$180 / 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
$17,025
Tax year 2023
Assessed value
$2,438,700
Assessed 2024
Previous assessed
$2,678,900
-9.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$275,600
Assessed improvement
$2,163,100
Land market value
$275,600
Improvement market value
$2,163,100
Total market value
$2,438,700
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
23,840 SF
Lot
3.06 ac (133,381 SF)
Zoning code
IGCUD
APN
13715220
UPID
US53-2453438
Jurisdiction
MECKLENBURG
Zoning & alternative use
IGCUD · Mint Hill, NCZoning IGCUD · permitted uses
IGCUD · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
PowerPoint Presentation
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
NONE
Stories
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
122 Cherokee Road LLC
Entity
Mailing address
1120 EE BLVD #100, CHARLOTTE, NC 28203-5706
Ownership since
2024
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
Feb 26, 2024
$4,300,000
122 Cherokee Road LLC
Berkshire Partners 17 LLC
Special Warranty Deed
$1,500,000 · First Citizens Bank & Trust Co
Jul 31, 2018
$245,500
Berkshire Partners 17 LLC
Albemarle Road Associates LLC
Grant Deed
$2,059,000 · Branch Bk&tr
—
—
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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