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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Manufacturing properties
3525 Latrobe Dr Charlotte, NC 28211-4853
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0531144
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Total area
13,528 SF
Lot
0.99 ac (43,161 SF)
Zoning code
I-2
APN
15706388
UPID
US53-0531144
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
$2.70M
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.70M
Owner & transaction history
3525 Latrobe Drive LLC · 2 yrs held
3525 Latrobe Drive LLC
since 2024
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
I-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+43.7%
Neighborhood: shopping center
$4.0M
+32.6%
Office building
$3.7M
+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
$2,700,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
$2,300,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,050,000
Current use
RETAIL STORES
$4,380,000
Change: +44% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,045,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$3,650,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $2.70M (May 17 2024)
Last sale anchor
$2.70M
May 17 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
$200 / 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
$9,941
Tax year 2023
Assessed value
$1,355,300
Assessed 2024
Previous assessed
$1,376,100
-1.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$405,900
Assessed improvement
$949,400
Land market value
$405,900
Improvement market value
$949,400
Total market value
$1,355,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
13,528 SF
Lot
0.99 ac (43,161 SF)
Zoning code
I-2
APN
15706388
UPID
US53-0531144
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NCZoning I-2 · permitted uses
I-2 · 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
$3.1M
RETAIL STORES
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
Lot
0.99 ac
Current owner
From public records · entity-resolved
3525 Latrobe Drive LLC
Entity
Mailing address
2131 AYRSLEY TOWN BLVD STE #300, CHARLOTTE, NC 28273-3596
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$2,700,000
3525 Latrobe Drive LLC
Gondha & Associates LLC
Special Warranty Deed
$1,000,000 · Southern First Bank NA
Dec 31, 2009
$550,000
Gondha & Associates LLC
American Circuits INC
Warranty Deed
$550,000 · American Circuits INC
Oct 1, 1994
$40,000
Bosc Investments
W P Properties G
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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