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Property profile & analytics
OFF-MARKET
Life science properties
1935 John Crosland Jr Dr Charlotte, NC 28208-5554
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2593792
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2007
Total area
11,461 SF
Lot
1.31 ac (57,238 SF)
Zoning code
I-2
APN
11712542
UPID
US53-2593792
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Industrial Drive 9800 LLC · 1 yrs held
Industrial Drive 9800 LLC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
I-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,917
Tax year 2023
Assessed value
$2,033,600
Assessed 2024
Previous assessed
$2,065,100
-1.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$693,200
Assessed improvement
$1,340,400
Land market value
$693,200
Improvement market value
$1,340,400
Total market value
$2,033,600
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,461 SF
Lot
1.31 ac (57,238 SF)
Zoning code
I-2
APN
11712542
UPID
US53-2593792
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NC
Zoning I-2 · permitted uses
I-2 · 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.
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Industrial Drive 9800 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
309 W 7TH ST, CHARLOTTE, NC 28202-1607
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
$3,565,500
Industrial Drive 9800 LLC
Beach For Me LLC
Special Warranty Deed
—
Dec 1, 2020
—
Beach For Me LLC
—
Deed
related
$1,870,000 · First Citizens Bank & Trust Co
Mar 18, 2019
—
Beach For Me LLC
—
Deed
related
$350,000 · First Citizens Bank & Trust Co
Apr 13, 2018
$2,200,000
Beach For Me LLC
Scnb Invests Bc LLC
Special Warranty Deed
$1,619,374 · First Citizens Bank & Trust Co
Aug 15, 2016
—
Scnb Invest Bc LLC
—
Deed
related
$904,090 · Pnc Bk
Mar 31, 2006
$760,000
Scnb Invest Bc LLC
Beacon Wilkinson LLC
Grant Deed
—
—
—
Scnb Invest Bc LLC
—
Deed Of Trust
related
$85,000 · Pnc Bank
—
—
Scnb Invest Bc LLC
—
Loan Modification
related
$904,090 · Pnc Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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