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Property profile & analytics
OFF-MARKET
Estimated value
$9,970,000
Manufacturing properties
1701 Westinghouse Blvd Charlotte, NC 28273-6383
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0831918
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Total area
103,396 SF
Lot
7.69 ac (334,976 SF)
Zoning code
I2
APN
20310205
UPID
US53-0831918
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
-
Bonded Logistics Logistics Company Freight Service
-
Sun Chemical Corporation Industrial Manufacturer Production Facility
-
Wall Recycling (Charlotte) Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.34M
Blend (final)
Blend
$9.97M
Owner & transaction history
Bonded Logistics INC · 2 yrs held
Bonded Logistics INC
since 2023
Last sale
$9.8M
6 recorded transactions
Zoning & alternative use
I2 · 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
$10,480,000
ML approach
$9,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,975,000
Current use
Blend value · Realmo final
$9.97M
Range $8.97M – $10.97M · ±10% · vs last sale $9.80M (May 23 2023)
Last sale anchor
$9.80M
May 23 2023
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
$96 / 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
$42,322
Tax year 2023
Assessed value
$5,769,800
Assessed 2024
Previous assessed
$5,905,100
-2.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,208,200
Assessed improvement
$4,561,600
Land market value
$1,208,200
Improvement market value
$4,561,600
Total market value
$5,769,800
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
1961
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Rooms
1
Total area
103,396 SF
Lot
7.69 ac (334,976 SF)
Zoning code
I2
APN
20310205
UPID
US53-0831918
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NCZoning I2 · permitted uses
I2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.0M
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
1961
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Rooms
1
Lot
7.69 ac
Current owner
From public records · entity-resolved
Bonded Logistics INC
Entity
Mailing address
5500 MACARTHUR BLVD NW, WASHINGTON, DC 20016-2536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
Westing Granite LLC
—
Deed
related
$275,000 · Atlantic Union Bank
Aug 14, 2023
—
Bonded Logistics INC
Westing Granite LLC
Assignment Of Lease (leasehold Sale)
—
May 23, 2023
$9,800,000
Westing Granite LLC
Spg 1701 LLC
Special Warranty Deed
$5,880,000 · Atlantic Union Bank
Dec 19, 2012
$1,535,000
Spg 1701 LLC
Sun Chemical Corp
Grant Deed
$1,700,000 · Park Sterling Bank
Dec 27, 1990
$902,000
Sun Chemical Corporation
Unknown
Grant Deed
—
—
—
Spg 1701 LLC
—
Deed Of Trust
related
$1,775,000 · Miscellaneous 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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