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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Warehouses
2426 Dunavant St Charlotte, NC 28203-5032
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1717229
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
6,886 SF
Lot
0.55 ac (23,778 SF)
Zoning code
TOD-UC
APN
12104212
UPID
US53-1717229
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
-
Club Fetch Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.36M
Owner & transaction history
Park Avenue Partners LLC · 11 yrs held
Park Avenue Partners LLC
since 2015
2 recorded transactions
Zoning & alternative use
TOD-UC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops
Zone name
Transit Oriented Development Urban Center Zoning District
General category
UNKNOWN
Zone area
473.41 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$2.1M
+5.3%
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%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,060,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$198 / 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
$21,799
Tax year 2023
Assessed value
$2,971,900
Assessed 2024
Previous assessed
$3,122,400
-4.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,774,800
Assessed improvement
$197,100
Land market value
$2,774,800
Improvement market value
$197,100
Total market value
$2,971,900
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
1960
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
12
Total area
6,886 SF
Lot
0.55 ac (23,778 SF)
Zoning code
TOD-UC
APN
12104212
UPID
US53-1717229
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-UC · Charlotte, NCZoning 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
Zoning description
The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops
Zone name
Transit Oriented Development Urban Center Zoning District
General category
UNKNOWN
Zone area
473.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
WAREHOUSE, STORAGE Current
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Lot
0.55 ac
Current owner
From public records · entity-resolved
Park Avenue Partners LLC
Entity
Mailing address
115 E PARK AVE UNIT UNIT, CHARLOTTE, NC 28203-3710
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
—
Park Avenue Partners LLC
—
Deed
related
$1,333,000 · Cogent Bank
Apr 14, 2015
$525,000
Park Avenue Partners LLC
Cornwell Construction Co INC
Grant Deed
$1,740,000 · Bank Of Nc
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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