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Property profile & analytics
OFF-MARKET Estimated value $895,000
Warehouses

3400 Silas Ave Charlotte, NC 28206-1930

8,960 SF 0.56 ac lot Built 1972
Entity Owned ~ Est. High Equity
Property ID
US53-0588094
Property summary
AI-generated overview

This exceptional 10,000-square-foot industrial property, located at 3400 Silas Ave in Charlotte, North Carolina (zip code 28206), presents a compelling investment opportunity. Situated on a 0.58-acre lot (APN 08502201), this vacant building is ideal for owner-occupancy. Constructed in 1972, the structure boasts a durable metal, cinderblock, and masonry construction, complemented by a metal roof. The property features two dock-high doors for efficient loading and unloading, and a generous 15-foot ceiling height provides ample vertical space. A convenient gravel truck courtyard and additional parking spaces in front enhance operational efficiency and employee convenience. The property is zoned ML-2, offering flexibility for various industrial uses. Its strategic location in Charlotte provides unparalleled access to major transportation arteries, including Interstates 85 and 77, ensuring seamless logistics and connectivity. This property offers a rare combination of functionality, location, and potential, making it an attractive proposition for discerning investors and businesses seeking a well-maintained industrial space in a thriving urban setting.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Total area 8,960 SF
Lot 0.56 ac (24,580 SF)
Zoning code I-2
APN 8502201
UPID US53-0588094
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
  • First Source Worldwide LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$747k
Blend (final) Blend
$895k
Owner & transaction history
Lev Properties LLC
Lev Properties LLC
since 2025
Last sale
$1.2M
3 recorded transactions
2025
$1.2M
2016
Price N/A
2009
$200,001
Zoning & alternative use
I-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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