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Property profile & analytics
FOR LEASE
Industrial properties
11515 Vanstory Dr, Huntersville, NC 28078
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1515082
For Lease
1 / 2
$7,355,000
11515 Vanstory Dr, Huntersville, NC 28078
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
98,590 SF
Lot
14.04 ac (611,408 SF)
Zoning code
CB
APN
1718205
UPID
US53-1515082
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
Current use
Occupant on record · Public records
-
Playpower Inc Building Supply Construction Company
-
Playworld Preferred Building Supply Construction Company
-
Innovasource LLC Research And Product Development Janitorial Equipment Supplier
-
Soft Play, LLC Industrial Manufacturer Production Facility
-
Charlotte Deli Provisions Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.51M
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$7.36M
Owner & transaction history
Af5 Hunterville LLC · 2 yrs held
Af5 Hunterville LLC
since 2024
7 recorded transactions
Zoning & alternative use
CB · Huntersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,215,000
6.5%
$8,505,000
7%
$7,895,000
Blend value · Realmo final
$7.36M
Range $6.62M – $8.09M · ±10%
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
$75 / 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
$85,555
Tax year 2023
Assessed value
$13,180,500
Assessed 2024
Previous assessed
$13,520,100
-2.5% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,921,500
Assessed improvement
$11,259,000
Land market value
$1,921,500
Improvement market value
$11,259,000
Total market value
$13,180,500
Applied tax rate
4.0000
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
For Lease
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
98,590 SF
Lot
14.04 ac (611,408 SF)
Zoning code
CB
APN
1718205
UPID
US53-1515082
Jurisdiction
MECKLENBURG
Zoning & alternative use
CB · Huntersville, NC
Zoning CB · permitted uses
CB · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Huntersville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
14.04 ac
Current owner
From public records · entity-resolved
Af5 Hunterville LLC
Entity
Free & Clear · 2 yrs held
Mailing address
40900 WOODWARD AVE STE #250, BLOOMFIELD HILLS, MI 48304-5119
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
$20,125,000
Af5 Hunterville LLC
Alidade Stewart LLC
Special Warranty Deed
—
Apr 28, 2021
—
Alidade Stewart LLC
—
Deed
related
$178,400,000 · Associated Bank NA
Aug 21, 2020
—
Alidade Stewart LLC
—
Deed
related
$162,400,000 · Associated Bk
Feb 20, 2020
—
Alidade Stewart LLC
—
Deed
related
$311,165,000 · Associated Bk
Jun 24, 2019
—
Alidade Stewart LLC
—
Loan Modification
related
$231,475,000 · Associated Bk
Nov 13, 2017
$12,000,000
Alidad Stewart LLC
Bank Of America N A
Special Warranty Deed
$750,000 · Associated Bank NA
—
—
Alidade Stewart LLC
—
Loan Modification
related
$311,165,000 · Associated Bk
—
—
Alidade Stewart LLC
—
Loan Modification
related
$162,400,000 · Associated Bk
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.
Try Rey
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