New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Warehouses
216 Foster Ave, Charlotte, NC 28203-5422
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US53-5725185
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Total area
9,597 SF
Lot
0.49 ac (21,548 SF)
Zoning code
TOD-UC
APN
14701502
UPID
US53-5725185
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
-
The Dog Wizard Charlotte Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Tg&l Properties LLC · 21 yrs held
Tg&l Properties LLC
since 2005
3 recorded transactions
Zoning & alternative use
TOD-UC · 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
$136 / 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
$15,069
Tax year 2023
Assessed value
$2,054,400
Assessed 2024
Previous assessed
$2,063,800
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,739,800
Assessed improvement
$314,600
Land market value
$1,739,800
Improvement market value
$314,600
Total market value
$2,054,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
9,597 SF
Lot
0.49 ac (21,548 SF)
Zoning code
TOD-UC
APN
14701502
UPID
US53-5725185
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-UC · Charlotte, NC
Zoning TOD-UC · permitted uses
TOD-UC · 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
1954
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Tg&l Properties LLC
Entity
Mailing address
PO BOX 12391, CHARLOTTE, NC 28220-2391
Ownership since
2005
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
Apr 29, 2005
$445,000
Tg&l Properties LLC
Ralph Lamar Scarboro JR
Warranty Deed
$475,000 · First Trust Bank
Aug 30, 1995
—
Joseph Mann
—
Deed Of Trust
related
$160,000 · First-citizens Bank & Trus
—
—
T G & L Properties LLC
—
Deed Of Trust
related
$367,391 · Bank Of North Carolina
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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