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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
14629 Rainbarrel Rd Charlotte, NC 28278-7393
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US53-0493686
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
5,000 SF
Lot
14.33 ac (624,389 SF)
Zoning code
R-5
APN
19934202
UPID
US53-0493686
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
-
Long Cove Resort and Marina Hotel & Motel
-
Long Cove Resort Restaurant
-
Long Cove Marina & Yacht Club Association / Organization
-
Destination Boat Clubs Carolinas, Charlotte's Premier Private Membership Club for Boats & Pontoons on Lake Wylie Water Sports Equipment Rental Service Canoe And Kayak Club
-
Long Cove Resort & Marina Marina
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$955k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Long Cove Investment Group LLC · 10 yrs held
Long Cove Investment Group LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-5 · Charlotte, 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 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
$465,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$675,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$140 / 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
Assessed value
$4,640,100
Assessed 2024
Previous assessed
$4,996,600
-7.1% YoY
Assessed land
$4,397,600
Assessed improvement
$242,500
Land market value
$4,397,600
Improvement market value
$242,500
Total market value
$4,640,100
Applied tax rate
20.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,000 SF
Lot
14.33 ac (624,389 SF)
Zoning code
R-5
APN
19934202
UPID
US53-0493686
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-5 · Charlotte, NC
Zoning R-5 · permitted uses
R-5 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$675,000
WAREHOUSE, STORAGE 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
1978
Heating
NONE
Cooling
Yes
Stories
1
Lot
14.33 ac
Current owner
From public records · entity-resolved
Long Cove Investment Group LLC
Entity
Mailing address
13000 S TRYON ST STE F, CHARLOTTE, NC 28278-7489
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 13, 2025
—
Long Cove Investment Group LLC
—
Deed
related
$87,500 · Carolina Hard Money Isaoa
May 19, 2022
—
Long Cove Investment Group LLC
—
Deed
related
$450,000 · Carolina Hard Money Isaoa
Oct 16, 2019
—
Long Cove Investment Group LLC
—
Deed
related
$231,000 · Townebank
Oct 13, 2017
—
Long Cove Investment Group LLC
—
Trustees Deed
related
$390,000 · Ekelmann Group LLC
Mar 8, 2016
$2,460,000
Long Cove Investment Group LLC
Abc Investment Props 2 LLC
Warranty Deed
$1,292,500 · Private Individual
Jan 28, 2016
—
Abc Investment Props 2 LLC
—
Trustees Deed
related
$10,000 · Private Individual
Jan 2, 2009
$725,000
Abc Investment Props No 2 LLC
Crescent Resources LLC
Grant Deed
$580,000 · Missouri Elec Co-op Emp Cu
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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