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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Warehouses
1832 University Commercial Pl, Charlotte, NC 28213-6450
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1487324
Property summary
AI-generated overview
This exceptional 14,366-square-foot industrial building, located at 1832 University Commercial Place in Charlotte, North Carolina, presents a compelling investment opportunity. Classified as flex, warehouse, and distribution space, this single-tenant property sits on a 1.92-acre lot in Mecklenburg County (APN: 09702142) and is zoned ML-1. The building boasts impressive ceiling heights ranging from 13'4" to 15'8", facilitating efficient storage and operations. Five dock-high doors and one drive-in door ensure seamless loading and unloading, complemented by ample parking with 15 spaces available. Its strategic location in the University City area offers excellent access to major transportation arteries, including Interstate 85 and Interstate 485, providing convenient connectivity throughout Charlotte and beyond. This property is ideal for businesses seeking a versatile and well-situated industrial space to support their growth and operational needs. The property is available for sale or lease.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
14,105 SF
Lot
1.85 ac (80,542 SF)
Zoning code
I-1
APN
9702142
UPID
US53-1487324
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
-
Con Tech Systems Ltd Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.71M
Owner & transaction history
Tl II Holdings University Spv LLC
Tl II Holdings University Spv LLC
since 2025
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
I-1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,570,000
Current use
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $2.00M (Aug 5 2025)
Last sale anchor
$2.00M
Aug 5 2025
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
$121 / 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
$7,422
Tax year 2023
Assessed value
$1,011,800
Assessed 2024
Previous assessed
$1,027,700
-1.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$377,900
Assessed improvement
$633,900
Land market value
$377,900
Improvement market value
$633,900
Total market value
$1,011,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
14,105 SF
Lot
1.85 ac (80,542 SF)
Zoning code
I-1
APN
9702142
UPID
US53-1487324
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
$1.6M
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Tl II Holdings University Spv LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3406 W WENDOVER AVE E STE E, GREENSBORO, NC 27407-1527
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Tl II Holdings University Spv LLC
—
Deed
related
$12,000,000 · Beverly Bank & Trust Co NA
Nov 5, 2025
$2,000,000
Tl II Holdings University Spv LLC
Staunton Capital Properties I LLC
Special Warranty Deed
—
Dec 1, 1994
$265,000
Wayne-dalton Corp
Industrial,door
Grant Deed
—
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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