Individually Owned 
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11520 Granite St, Charlotte, NC 28273
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Property summary
AI-generated overview
This Mecklenburg County warehouse offers 26,100 square feet of immediately available space, divisible to a minimum of 1,000 square feet. Located at 11520 Granite St, Charlotte, NC 28273, this industrial property is part of a larger 30,000 square foot building and allows for multiple tenants. The space features three dock-high doors and offers shared space options. Rent is $1.50 per square foot per month, with a minimum rental of 1,000 square feet. Utilities and temperature control are not included in the rental rate. Overnight truck and renter parking are available (inquire for pricing). Please note: Outdoor storage, hazardous materials, auto work/storage, woodworking, and manufacturing are prohibited. The space will be cleared for new tenants prior to the start date. Tours are available starting August 1st, 2024. Property taxes are $1 per square foot.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
103,686 SF
Lot
5.02 ac (218,715 SF)
Zoning code
I-2
APN
20311204
UPID
US53-1924107
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
-
(Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.78M
Blend (final)
Blend
$8.57M
Owner & transaction history
since 2025
Last sale
$7.4M
6 recorded transactions
Zoning & alternative use
I-2 · Charlotte, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.57M
Value range
$7.71M – $9.43M
±10% around blend
Estimated value / SF
$83 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$7.71M
blend $8.57M
$9.43M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
103,686 SF
Lot area
5.02 ac
Year built
1972
Stories
2
APN
20311204
Assessed value
$7,291,500
Annual tax
$53,483
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$16.61M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.3 mi away · 83,283 SF
9.9 mi away · 106,124 SF
10.1 mi away · 129,781 SF
10.1 mi away · 115,920 SF
19.5 mi away · 125,254 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 50 sales
$101
-18%
Submarket 411 sales
$135
-39%
County 452 sales
$128
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $83/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.40M
Move the market yield to see immediate price impact.
Value / SF
$71
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$466k
$9.32M
$6.66M
$5.18M
$518k
$10.36M
$7.40M
$5.76M
$570k
$11.40M
$8.14M
$6.33M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$17.40M
4.5 mi · Dec 2025 · $174/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$53,483
Tax year 2023
Assessed value
$7,291,500
Assessed 2024
Previous assessed
$7,358,700
-0.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,166,100
Assessed improvement
$6,125,400
Land market value
$1,166,100
Improvement market value
$6,125,400
Total market value
$7,291,500
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
1
Total area
103,686 SF
Lot
5.02 ac (218,715 SF)
Zoning code
I-2
APN
20311204
UPID
US53-1924107
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NCZoning I-2 · permitted uses
I-2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Lot
5.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-2
Jurisdiction
Charlotte, NC
Recorded code
I-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-2 in Charlotte, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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