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Property profile & analytics
FOR LEASE
Industrial properties
1920 Starita Rd Charlotte, NC 28206
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0502837
For Lease
1 / 3
$6,745,000
1920 Starita Rd, Charlotte, NC 28206
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
46,892 SF
Lot
3.8 ac (165,659 SF)
Zoning code
I2
APN
7715130
UPID
US53-0502837
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
-
Polyprint USA Store Equipment Supplier
-
Souto Foods Distribution Center Logistics Company
-
Sweet Moment nail and Pedi Spa Nail Salon
-
VSPOne Charlotte Production Facility
-
Crabapple Roofing Contractors, LLC Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.37M
Comparable Approach
Comparable
$7.86M
Blend (final)
Blend
$6.75M
Owner & transaction history
Lvpas Starita Road Owner LLC · 1 yrs held
Lvpas Starita Road Owner LLC
since 2025
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,980,000
6.5%
$7,365,000
7%
$6,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,575,000
Current use
Blend value · Realmo final
$6.75M
Range $6.07M – $7.42M · ±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
$144 / 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
$30,157
Tax year 2023
Assessed value
$4,111,400
Assessed 2024
Previous assessed
$4,202,400
-2.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$993,500
Assessed improvement
$3,117,900
Land market value
$993,500
Improvement market value
$3,117,900
Total market value
$4,111,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1982
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
46,892 SF
Lot
3.8 ac (165,659 SF)
Zoning code
I2
APN
7715130
UPID
US53-0502837
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$10.6M
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Lvpas Starita Road Owner LLC
Entity
Mailing address
66 FRANKLIN ST STE 200TH XX
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
Jul 10, 2025
$17,800,000
Lvpas Starita Road Owner LLC
Ic Industrial Reit
Special Warranty Deed
$12,455,000 · Webster Bank NA
Apr 2, 2018
—
Ic Industrial Reit
—
Grant Deed
related
$621,000,000 · Wfb NA
Jul 12, 2017
$3,840,000
Ic Industrial Reit
Evergreen Propco Xi LLC
Grant Deed
—
Oct 1, 2015
$56,918,000
Evergreen Propco Xi LLC
Ch Realty V Of Wbp LLC
Grant Deed
—
Feb 1, 1999
—
Carlyle/fr Investors LLC
Lincoln National
Grant Deed
related
—
—
—
Ch Realty V Of Wbp LLC
—
Deed Of Trust
related
$29,500,000 · Miscellaneous Ins Co
—
—
Ch Realty V Of Wbp LLC
—
Loan Modification
related
$29,500,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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