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Property profile

2503 Distribution St Charlotte, NC 28203

OFF-MARKET
Warehouses
Property ID
US53-0112098
10,292 SF 0.4 ac lot Built 1960
Entity Owned 3-yr Hold Free & Clear

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1960
Total area 10,292 SF
Lot 0.4 ac (17,622 SF)
Zoning code TOD-UC
APN 12104205
UPID US53-0112098

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Building Supply

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.97M
Comparable Approach Comparable
$992k
Blend (final) Blend
$1.57M

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2005
$390,000
1990
$119,000

Zoning & alternative use

TOD-UC · Charlotte, NC
Zoning description

The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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