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Property profile & analytics
OFF-MARKET
Estimated value
$9,325,000
Manufacturing properties
13501 Rdg Dr Charlotte, NC 28273-6741
Entity Owned
Free & Clear
Property ID
US53-2438691
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Total area
120,244 SF
Lot
8.59 ac (374,050 SF)
Zoning code
I-1(CD)
APN
20320205
UPID
US53-2438691
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
-
Safe Fleet Bus & Rail Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.02M
Blend (final)
Blend
$9.33M
Owner & transaction history
Gfp Sre Charlotte 13501 LLC
Gfp Sre Charlotte 13501 LLC
since 2025
7 recorded transactions
Zoning & alternative use
I-1(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The primary purpose of this light industrial district is to create and protect industrial areas for light manufacturing and the distribution of products at wholesale, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Light Industrial Conditional Zoning District
General category
INDUSTRIAL
Zone area
1,839.35 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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,930,000
Current use
Blend value · Realmo final
$9.33M
Range $8.39M – $10.26M · ±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
$78 / 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
$68,780
Tax year 2023
Assessed value
$9,377,000
Assessed 2024
Previous assessed
$9,441,200
-0.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,602,500
Assessed improvement
$7,774,500
Land market value
$1,602,500
Improvement market value
$7,774,500
Total market value
$9,377,000
Applied tax rate
8.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
120,244 SF
Lot
8.59 ac (374,050 SF)
Zoning code
I-1(CD)
APN
20320205
UPID
US53-2438691
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1(CD) · Charlotte, NCZoning I-1(CD) · permitted uses
I-1(CD) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The primary purpose of this light industrial district is to create and protect industrial areas for light manufacturing and the distribution of products at wholesale, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Light Industrial Conditional Zoning District
General category
INDUSTRIAL
Zone area
1,839.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.9M
INDUSTRIAL (GENERAL) Current
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.59 ac
Current owner
From public records · entity-resolved
Gfp Sre Charlotte 13501 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
BOSTON, MA 02210
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
$16,000,000
Gfp Sre Charlotte 13501 LLC
Usvi 13501 South Ridge Drive LLC
Special Warranty Deed
—
Sep 27, 2018
$10,800,000
Usvi 13501 S Ridge Drive LLC
Ffiii Nc Sp LLC
Trustees Deed
$23,100,000 · Miscellaneous Ins Co
Feb 13, 2015
$9,250,000
Ffiii Nc Sp LLC
Mitzuyan Realty Ada Compliant
Grant Deed
$5,500,000 · Miscellaneous Ins Co
May 23, 2013
$4,500,000
Mitzuyan Realty Ada Compliant
Tace I LLC
Grant Deed
—
Oct 31, 2006
$10,500,000
Tace I LLC
Centex-kirco Indl South Pt I
Grant Deed
$6,600,000 · 40/86 Mortgage Capital INC
—
—
Mitzuyan Realty Ada Compliant
—
Deed Of Trust
related
$3,000,000 · Bank Of The Ozarks
—
—
Tace I LLC
—
Deed Of Trust
related
$6,600,000 · Conseco Life Ins 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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