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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Warehouses
431 Foster Ave Charlotte, NC 28203-5459
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0457422
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
3,440 SF
Lot
0.25 ac (10,786 SF)
Zoning code
I-1
APN
14505310
UPID
US53-0457422
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
-
Southend Motors Car Dealership
-
Custom Paint & Body, Inc. Auto Repair Shop
-
South End Body Shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
411 Foster LLC · 3 yrs held
411 Foster LLC
since 2023
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+85.2%
Retail stores
$1.7M
+77.4%
Medical building
$1.4M
+42.0%
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
$1,285,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$975,000
Current use
OFFICE BUILDING
$1,810,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$1,730,000
Change: +77% · Conversion: Moderate
MEDICAL BUILDING
$1,385,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$895,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.20M (Apr 25 2023)
Last sale anchor
$1.20M
Apr 25 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
$360 / 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
$3,197
Tax year 2023
Assessed value
$435,800
Assessed 2024
Previous assessed
$438,300
-0.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$257,000
Assessed improvement
$178,800
Land market value
$257,000
Improvement market value
$178,800
Total market value
$435,800
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
1958
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
3,440 SF
Lot
0.25 ac (10,786 SF)
Zoning code
I-1
APN
14505310
UPID
US53-0457422
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NCZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$975,000
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$895,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1958
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
411 Foster LLC
Entity
Free & Clear · 3 yrs held
Mailing address
411 FOSTER AVE, CHARLOTTE, NC 28203-5425
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
411 Foster LLC
—
Deed
related
$100,000 · South State Bank NA
Apr 25, 2023
$1,200,000
411 Foster LLC
Greenwood Investment Group LLC
Special Warranty Deed
—
Jan 25, 2023
—
Greenwood Investment Group LLC
Janeen Investment Corporation
Warranty 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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