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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Auto shops
1901 Milton Rd, Charlotte, NC 28215-2478
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0577547
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Total area
1,568 SF
Lot
0.58 ac (25,085 SF)
Zoning code
B-1
APN
10701103
UPID
US53-0577547
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
-
Mannys Auto Repair Inc Auto Repair Shop
-
Impact Tires LLC Auto Parts Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$700k
Owner & transaction history
Mans Auto LLC · 1 yrs held
Mans Auto LLC
since 2025
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
B-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+165.1%
Medical building
$630,000
+54.7%
Office building
$565,000
+38.9%
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
$655,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,085,000
Change: +165% · Conversion: Moderate
MEDICAL BUILDING
$630,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (May 23 2025)
Last sale anchor
$700k
May 23 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
$446 / 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
$5,363
Tax year 2023
Assessed value
$731,100
Assessed 2024
Previous assessed
$763,200
-4.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$705,700
Assessed improvement
$25,400
Land market value
$705,700
Improvement market value
$25,400
Total market value
$731,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
1,568 SF
Lot
0.58 ac (25,085 SF)
Zoning code
B-1
APN
10701103
UPID
US53-0577547
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Charlotte, NC
Zoning B-1 · permitted uses
B-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
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$630,000
OFFICE BUILDING
Est. value
$565,000
RETAIL STORES
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Mans Auto LLC
Entity
Free & Clear · 1 yrs held
Mailing address
216 HERMANCE LN, MOORESVILLE, NC 28117-8852
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
Jun 11, 2025
—
Mans Auto LLC
Mannys Auto Repair INC
Deed
—
May 23, 2025
$700,000
Mannys Auto Repair INC
Spn Enterprises LLC
Warranty Deed
$500,000 · Spn Enterprises LLC
Oct 27, 2021
—
Spn Enterprises LLC
Wanda M Belt
Special Warranty 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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