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Property profile & analytics
OFF-MARKET
Estimated value
$121,325,000
Parking lots & garages
2321 Distribution St, Charlotte, NC 28203-5296
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-5368595
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1965
Total area
639,406 SF
Lot
2.81 ac (122,491 SF)
Zoning code
I2
APN
12104201
UPID
US53-5368595
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
$121.33M
Owner & transaction history
Np Hawkins Press LLC
Np Hawkins Press LLC
since 2026
Last sale
$160.2M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$190 / 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
$602,022
Tax year 2023
Assessed value
$82,075,200
Assessed 2024
Previous assessed
$27,950,000
+193.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$16,782,900
Assessed improvement
$65,292,300
Land market value
$16,782,900
Improvement market value
$65,292,300
Total market value
$82,075,200
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Rooms
8
Total area
639,406 SF
Lot
2.81 ac (122,491 SF)
Zoning code
I2
APN
12104201
UPID
US53-5368595
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.
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Rooms
8
Lot
2.81 ac
Current owner
From public records · entity-resolved
Np Hawkins Press LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8255 GREENSBORO DR STE #200, MC LEAN, VA 22102-4944
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 7, 2026
$160,150,000
Np Hawkins Press LLC
Hawkins Press Investors Jv LLC
Special Warranty Deed
—
Apr 23, 2020
—
Ka D & D Holdings LLC
2301 Distribution LLC
Grant Deed
—
Apr 23, 2020
$5,514,000
Ka D & D Holdings LLC
2301 Distribution LLC
Grant Deed
—
Jun 15, 2018
$1,050,000
2301 Distribution LLC
Wp 2301 Southend LLC
Grant Deed
—
Oct 26, 2017
$2,025,000
Wp 2301 Southend LLC
Holloman,charles F JR
Grant Deed
—
Oct 26, 2017
—
Wp 2301 Southend LLC
Holloman,charles F JR
Grant Deed
—
Feb 17, 2017
—
Charles F Holloman JR
Holloman,terry M & Charles F JR
Quit Claim Deed
related
—
May 4, 2005
$650,000
Charles F Holloman JR.
Thomas,charles L & Jeanne J
Grant Deed
$550,000 · Charles L & Jeanne J Thomas
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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