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Property profile & analytics
OFF-MARKET
Manufacturing properties
440 Westinghouse Blvd Charlotte, NC 28273-5769
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3497413
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
111,436 SF
Lot
10.08 ac (439,128 SF)
Zoning code
R-7
APN
20505320
UPID
US53-3497413
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
-
Hyster-Yale Group Experience Center Material Handling Equipment Supplier Construction Equipment Supplier
-
LiftOne Charlotte Factory Industrial Manufacturer
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
L1 Charlotte Hq LLC · 2 yrs held
L1 Charlotte Hq LLC
since 2023
Last sale
$125,000
7 recorded transactions
Zoning & alternative use
R-7 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$99,319
Tax year 2023
Assessed value
$13,540,400
Assessed 2024
Previous assessed
$13,697,500
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,853,100
Assessed improvement
$11,687,300
Land market value
$1,853,100
Improvement market value
$11,687,300
Total market value
$13,540,400
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
2006
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
111,436 SF
Lot
10.08 ac (439,128 SF)
Zoning code
R-7
APN
20505320
UPID
US53-3497413
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-7 · Charlotte, NCZoning R-7 · permitted uses
R-7 · 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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
10.08 ac
Current owner
From public records · entity-resolved
L1 Charlotte Hq LLC
Entity
Mailing address
500 E MOREHEAD ST STE #200, CHARLOTTE, NC 28202-3353
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
Sep 8, 2023
$125,000
L1 Charlotte Hq LLC
Mecklenburg Bid LLC
Special Warranty Deed
—
Sep 8, 2023
—
L1 Charlotte Hq LLC
Mecklenburg Bid LLC
Deed
—
Feb 1, 2017
—
Mecklenburg Bid LLC
—
Deed
related
$9,820,000 · Everbank
Jan 18, 2007
$12,275,000
Mecklenburg Bid LLC
Tkc Xciii LLC
Special Warranty Deed
$9,820,000 · Barclays Capital Real Estate INC
Nov 11, 2005
$1,100,000
Tkc Xciii LLC
Green Acres INC
Warranty Deed
$9,585,000 · Wachovia Bank NA
Jan 20, 1999
$669,000
Doris Brown Miller
Turjuman,adel
Grant Deed
—
—
—
Mecklenburg Bid LLC
—
Deed Of Trust
related
$9,820,000 · Everbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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