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Property profile & analytics
FOR LEASE
Industrial properties
3101 Yorkmont Rd Charlotte, NC 28208
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0086576
For Lease
1 / 3
$28,370,000
3101 Yorkmont Rd, Charlotte, NC 28208
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
181,089 SF
Lot
11.64 ac (507,213 SF)
Zoning code
I2CD
APN
14105434
UPID
US53-0086576
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
-
Extreme Express Trucking Company
-
Cascade Carrier Group Trucking Company
-
JAS Forwarding-USA (Charlotte) Freight Service Logistics Company
-
Nixon Power Services Co Distribution Center Logistics Company
-
Linxia Beauty Works Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.45M
Comparable Approach
Comparable
$38.50M
Blend (final)
Blend
$28.37M
Owner & transaction history
Meritex Charlotte I LLC · 9 yrs held
Meritex Charlotte I LLC
since 2016
5 recorded transactions
Zoning & alternative use
I2CD · 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%
$30,815,000
6.5%
$28,445,000
7%
$26,415,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$40,830,000
Current use
Blend value · Realmo final
$28.37M
Range $25.53M – $31.21M · ±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
$157 / 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
$132,257
Tax year 2023
Assessed value
$18,031,000
Assessed 2024
Previous assessed
$18,031,000
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,059,600
Assessed improvement
$15,971,400
Land market value
$2,059,600
Improvement market value
$15,971,400
Total market value
$18,031,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
181,089 SF
Lot
11.64 ac (507,213 SF)
Zoning code
I2CD
APN
14105434
UPID
US53-0086576
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2CD · Charlotte, NC
Zoning I2CD · permitted uses
I2CD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$40.8M
INDUSTRIAL (GENERAL) 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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
11.64 ac
Current owner
From public records · entity-resolved
Meritex Charlotte I LLC
Entity
Mailing address
10 2ND ST NE STE #400, MINNEAPOLIS, MN 55413-2652
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
M Industrial Property Charlotte LLC
—
Deed
related
$60,000,000 · Pnc Bank NA
Dec 13, 2016
—
Meritex Charlotte I LLC
—
Deed
related
$24,600,000 · Miscellaneous Ins Co
Aug 16, 2016
$45,250,000
Meritex Charlotte I LLC
Carlson Real Estate Clt De LLC
Grant Deed
$37,000,000 · * Other Institutional Lenders
Dec 18, 2006
$50,155,500
Carlson R/e Invs-clt LLC
Amb Instl Alliance Fund III L
Grant Deed
—
—
—
Meritex Charlotte I LLC
—
Deed Of Trust
related
$24,600,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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