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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Industrial properties
3400 Latrobe Dr Charlotte, NC 28211-4847
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3804623
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Total area
15,240 SF
Lot
2.14 ac (93,131 SF)
Zoning code
I1
APN
15706529
UPID
US53-3804623
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
-
SalonDJ Hairtography Hair Salon
-
Douglas Montaldos Furs Fur Service
-
I and J Wheelchair Transportation, LLC Handicapped Transportation Service
-
Premium Storage Storage Facility
-
X2 Y2 Solutions Image Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.71M
Owner & transaction history
Surfside Charlotte LLC · 2 yrs held
Surfside Charlotte LLC
since 2024
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
I1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+19.7%
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
$2,710,000
ML approach
$2,710,000
CAP Approach
CAP Return
Estimation
6%
$2,595,000
6.5%
$2,395,000
7%
$2,225,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,435,000
Current use
OFFICE BUILDING
$4,115,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±10% · vs last sale $2.71M (Jun 3 2024)
Last sale anchor
$2.71M
Jun 3 2024
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
$178 / 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
$14,813
Tax year 2023
Assessed value
$2,019,500
Assessed 2024
Previous assessed
$2,057,500
-1.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$723,300
Assessed improvement
$1,296,200
Land market value
$723,300
Improvement market value
$1,296,200
Total market value
$2,019,500
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
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
15,240 SF
Lot
2.14 ac (93,131 SF)
Zoning code
I1
APN
15706529
UPID
US53-3804623
Jurisdiction
MECKLENBURG
Zoning & alternative use
I1 · Charlotte, NCZoning I1 · permitted uses
I1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Surfside Charlotte LLC
Entity
Mailing address
777 3RD AVE, NEW YORK, NY 10017-1401
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
$2,710,000
Surfside Charlotte LLC
Albert Properties LLC
Warranty Deed
$1,897,000 · Bay Vanguard Bank
Mar 28, 2024
—
Astra Properties LLC
—
Deed
related
$1,500,000 · Bridgewell Capital LLC
Jul 1, 2022
—
Astra Properties LLC
—
Deed
related
$1,250,000 · Carolina Hard Money
Dec 10, 2020
$1,500,000
Albert Properties LLC
Kennington Family LLC
Special Warranty Deed
$1,620,000 · Enterprise Bank & Trust
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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