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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Industrial properties
3405 Carolina Ave Charlotte, NC 28208-5992
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-1465145
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
12,170 SF
Lot
0.75 ac (32,691 SF)
Zoning code
I2CD
APN
11508407
UPID
US53-1465145
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
-
Platinum Wheels and Tires Auto Parts Store
-
Benton Roofing Roofing Company General Contractor
-
custom autoworks charlotte nc Interior Design Auto Repair Shop
-
Unified By Design General Contractor
-
Save More Distribution Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.41M
Owner & transaction history
Horizon Properties LLC · 10 yrs held
Horizon Properties LLC
since 2016
3 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%
$2,070,000
6.5%
$1,910,000
7%
$1,775,000
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$115 / 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
$7,918
Tax year 2023
Assessed value
$1,079,500
Assessed 2024
Previous assessed
$1,096,600
-1.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$201,700
Assessed improvement
$877,800
Land market value
$201,700
Improvement market value
$877,800
Total market value
$1,079,500
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
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
12,170 SF
Lot
0.75 ac (32,691 SF)
Zoning code
I2CD
APN
11508407
UPID
US53-1465145
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.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Horizon Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3331 JOHNNY CAKE LN, CHARLOTTE, NC 28226-6629
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2016
—
Horizon Properties LLC
Patel,d H & Sushma D
Warranty Deed
—
Mar 11, 1996
—
Max R Mccullough
Mccullough,max R
Quit Claim Deed
related
—
Apr 7, 1988
$6,000
Kitrick-seldan,
Unknown
Grant Deed
—
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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