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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Warehouses
2507 Little Rock Rd Charlotte, NC 28214
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-5811639
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
71,198 SF
Lot
4.55 ac (198,372 SF)
Zoning code
BDCD
APN
6130221
UPID
US53-5811639
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
$5.60M
Blend (final)
Blend
$7.38M
Owner & transaction history
Msc Little Rock LP
Msc Little Rock LP
since 2025
7 recorded transactions
Zoning & alternative use
BDCD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,100,000
Current use
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±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
$104 / 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
$64,001
Tax year 2023
Assessed value
$8,725,400
Assessed 2024
Previous assessed
$8,749,000
-0.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,492,000
Assessed improvement
$7,233,400
Land market value
$1,492,000
Improvement market value
$7,233,400
Total market value
$8,725,400
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
71,198 SF
Lot
4.55 ac (198,372 SF)
Zoning code
BDCD
APN
6130221
UPID
US53-5811639
Jurisdiction
MECKLENBURG
Zoning & alternative use
BDCD · Charlotte, NC
Zoning BDCD · permitted uses
BDCD · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.1M
WAREHOUSE, STORAGE Current
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
4.55 ac
Current owner
From public records · entity-resolved
Msc Little Rock LP
Entity
Mailing address
725 PARK CTR DR, MATTHEWS, NC 28105-5012
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Msc Little Rock LP
Msc Carolinas LLC
Warranty Deed
$175,100,000 · American General Life Insurance Co
Dec 3, 2018
—
Msc Carolinas LLC
—
Deed
related
$113,900,000 · Miscellaneous Ins Co
May 4, 2017
—
Msc Carolinas LLC
—
Loan Modification
related
$13,990,000 · * Other Institutional Lenders
Aug 6, 2015
$872,500
Realty Income Props 30 LLC
Trefz & Trefz INC
Grant Deed
—
Dec 19, 2013
$5,600,000
Msc Carolinas LLC
Nc Storage LLC
Special Warranty Deed
$1,399,000 · Starwood Mortage Capital LLC
Apr 5, 2013
—
Nc Storage LLC
—
Deed Of Trust
related
$10,700,000 · Employees' Retirement Plan/con
Dec 2, 2011
$3,297,000
Nc Storage LLC
Communityone Bk NA
Grant Deed
$7,900,000 · Employees' Retirement Plan/con
Jul 19, 2011
$3,000,000
Communityone Bk NA
Allison,f Eugene
Trustees Deed
related
—
Jul 7, 2006
$535,000
Little Rock Storage LLC
C Edwin Powe JR
Warranty Deed
$4,000,000 · First Gaston Bank Of North Carolina
—
—
Msc Carolinas LLC
—
Deed Of Trust
related
$113,900,000 · Miscellaneous Ins Co
—
—
Nc Storage LLC
—
Loan Modification
related
$12,800,000 · Employees' Rp/tr/consolidated
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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