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Property profile & analytics
OFF-MARKET
Estimated value
$9,015,000
Warehouses
4017 Chesapeake Dr Charlotte, NC 28216-3405
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1290164
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Total area
304,517 SF
Lot
17.66 ac (769,444 SF)
Zoning code
I2
APN
3905311
UPID
US53-1290164
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
-
Box It Up Big Box & Wholesale Store
-
Baker image Image Consultant
-
Starnes Pallet Service Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.02M
Owner & transaction history
Starnes Commercial Prop Chesapeake · 3 yrs held
Starnes Commercial Prop Chesapeake
since 2023
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
I2 · 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
$9,290,000
ML approach
$9,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.02M
Range $8.11M – $9.92M · ±10% · vs last sale $8.69M (Feb 2 2023)
Last sale anchor
$8.69M
Feb 2 2023
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
$30 / 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
$71,696
Tax year 2023
Assessed value
$9,774,500
Assessed 2024
Previous assessed
$10,016,800
-2.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,924,900
Assessed improvement
$6,849,600
Land market value
$2,924,900
Improvement market value
$6,849,600
Total market value
$9,774,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Total area
304,517 SF
Lot
17.66 ac (769,444 SF)
Zoning code
I2
APN
3905311
UPID
US53-1290164
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NCZoning I2 · permitted uses
I2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
17.66 ac
Current owner
From public records · entity-resolved
Starnes Commercial Prop Chesapeake
Individual
Mailing address
4017 CHESAPEAKE DR, CHARLOTTE, NC 28216-3405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$8,687,500
Starnes Commercial Prop Chesapeake
Eip Chesapeake Owner LLC
Special Warranty Deed
$8,687,400 · Cogent Bank
Feb 4, 2013
—
Eip Chesapeake Owner LLC
Equity Industrial Chesapeake LLC
Special Warranty Deed
—
Apr 26, 2010
—
Equity Indl Chesapeake LLC
—
Deed Of Trust
related
$294,466,000 · Anglo Irish Bank Corp
Jan 11, 2008
$8,100,000
Equity Indl Chesapeake LLC
Itac 160 LLC
Deed Of Trust
$290,146,387 · Anglo Irish Bank Corp Plc
Jan 13, 2006
$5,695,000
Itac 160 LLC
Chessy III
Grant Deed
$4,653,480 · Wachovia Bank NA
Aug 20, 2004
—
Eckerd Corp
—
Deed Of Trust
related
$2,000,000,000 · Deutsche Bank Trust Co America
Sep 14, 1989
$3,400,000
Chessy III Ltd
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.
Try Rey
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