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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Warehouses
3406 Latrobe Dr, Charlotte, NC 28211
Entity Owned
Free & Clear
Property ID
US53-5378570
Property summary
AI-generated overview
This exceptional 12,221-square-foot flex space in Charlotte, NC, presents a compelling owner-user or investment opportunity. Built in 2009 and fully renovated in 2020, the property boasts prime I-1 zoning, allowing for diverse industrial uses. Situated on a 1.354-acre lot, this vacant building offers modern amenities and significant potential for long-term value. The strategic location in Mecklenburg County, near major thoroughfares including Wendover Road, Monroe Road, and Randolph Road, provides easy access to Independence Boulevard, Uptown Charlotte, and Interstate I-277. Priced at $2,700,000 ($223 per square foot), this property represents a strong investment in a thriving market. The 100% occupancy rate prior to vacancy makes this a highly desirable asset. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex space in the heart of Charlotte. Don't miss this chance to capitalize on this exceptional offering.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
12,444 SF
Lot
1.35 ac (58,806 SF)
Zoning code
I-1
APN
15706554
UPID
US53-5378570
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
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.53M
Owner & transaction history
Notfromhere LLC
Notfromhere LLC
since 2025
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
I-1 · 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
$1,530,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,685,000
Current use
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.49M (Jan 4 2022)
Last sale anchor
$1.49M
Jan 4 2022
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
$123 / 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
$10,758
Tax year 2023
Assessed value
$1,466,600
Assessed 2024
Previous assessed
$1,483,100
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$481,000
Assessed improvement
$985,600
Land market value
$481,000
Improvement market value
$985,600
Total market value
$1,466,600
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,444 SF
Lot
1.35 ac (58,806 SF)
Zoning code
I-1
APN
15706554
UPID
US53-5378570
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
$1.7M
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
Lot
1.35 ac
Current owner
From public records · entity-resolved
Notfromhere LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3400 LATROBE DRA, CHARLOTTE, NC 28211-4847
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$2,600,000
Notfromhere LLC
Astra Properties LLC
Special Warranty Deed
—
Jan 4, 2022
$1,485,000
Astra Properties LLC
Kennington Family LLC
Special Warranty Deed
$75,000 · Shane Pierson
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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