Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    440 Westinghouse Blvd Charlotte, NC 28273-5769
    Back to Search
    Property profile & analytics

    440 Westinghouse Blvd, Charlotte, NC 28273-5769

    View on Map
    • Manufacturing properties
    • 111,436 SF
    • 10.08 lot acres
    Off-Market
    Last Sale Sep 8, 2023
    $125,000
    Property ID
    US53-3497413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 440 Westinghouse Blvd

    Year built
    2006
    Lot size
    10.08 lot acres
    Zone code
    R-7
    Property type
    Manufacturing properties
    APN
    20505320
    APU
    20505320

    Sales History

    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 $9.8M · Everbank
    Jan 18, 2007 $12,275,000 Mecklenburg Bid LLC Tkc Xciii LLC Special Warranty Deed $9.8M · Barclays Capital Real Estate INC
    Nov 11, 2005 $1,100,000 Tkc Xciii LLC Green Acres INC Warranty Deed $9.6M · Wachovia Bank NA
    Jan 20, 1999 $669,000 Doris Brown Miller Turjuman,adel Grant Deed —
    — — Mecklenburg Bid LLC — Deed Of Trust · related $9.8M · Everbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9101
    Latitude
    35.1098
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $99,319
    $1,853,100
    $11,687,300
    $13,540,400
    -
    $1,853,100
    $11,687,300
    $13,540,400

    Comparable in this City

    • Value Estimation
      $21,360,000
      290,889 SF

      2911 Nevada Blvd

      MANUFACTURING (LIGHT)
      2911 Nevada Blvd, Charlotte, NC 28273-6434
      View Details
    • Value Estimation
      $6,780,000
      87,748 SF

      1101 Westinghouse Blvd

      MANUFACTURING (LIGHT)
      1101 Westinghouse Blvd, Charlotte, NC 28273-6324
      View Details
    • Value Estimation
      $5,070,000
      66,390 SF

      10901 Westlake Dr

      MANUFACTURING (LIGHT)
      10901 Westlake Dr, Charlotte, NC 28273-3740
      View Details
    • Value Estimation
      $3,530,000
      45,866 SF

      9415 Stockport Pl

      MANUFACTURING (LIGHT)
      9415 Stockport Pl, Charlotte, NC 28273-4564
      View Details
    • Value Estimation
      $8,515,000
      114,826 SF

      1600 Westinghouse Blvd

      MANUFACTURING (LIGHT)
      1600 Westinghouse Blvd, Charlotte, NC 28273-6327
      View Details
    • Value Estimation
      $12,555,000
      301,543 SF

      11524 Wilmar Blvd

      MANUFACTURING (LIGHT)
      11524 Wilmar Blvd, Charlotte, NC 28273-6448
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,875 SF

      Charlotte Industrial Building For Sale

      19,875 SF industrial building in Charlotte's Steele Creek area.
      10725 John Price Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      61,517 SF

      Fully Leased Industrial Flex Property

      New industrial flex property with immediate cash flow potential.
      10420 John Price Rd, Charlotte, NC 28273
      View Details
    • $579,000
      1,650 SF

      South Charlotte Office/Warehouse Space

      End-unit office/warehouse near HWY-77 & HWY-485 interchange.
      362 Crompton St, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Charlotte Warehouse For Sale

      Warehouse property available for sale in Charlotte, North Carolina.
      13021 General Dr, Charlotte, NC 28273
      View Details
    • Contact for pricing
      73,300 SF

      Charlotte Commercial Property For Sale

      73,300 sqft commercial property available in Charlotte, NC.
      10901 Carpet St, Charlotte, NC 28273
      View Details
    • Contact for pricing
      73,300 SF

      Charlotte Warehouse Space Available

      73,000 SF warehouse space with office in Charlotte.
      10901 Carpet St, Charlotte, NC 28273
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      88,000 SF

      Charlotte Industrial Property For Lease

      88,000 sqft industrial property available for lease in Charlotte.
      13827 Carowinds Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      67,600 SF

      Industrial Space in Ridge Creek

      310,960 SF rear loading building for distribution or manufacturing.
      10225 Western Rdg Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Charlotte Warehouse with Extensive Office

      143,500 SF warehouse with 12,800 SF office space.
      11707 Steele Creek Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      143,500 SF

      Manufacturing Facility with Office Space

      143,500 SF manufacturing facility with 12,800 SF office space.
      11707 Steele Creek Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      150,785 SF

      Distribution and Manufacturing Facility

      Class A facility with fenced outside storage in Charlotte, NC.
      13021 General Dr, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Manufacturing and Distribution Warehouse Space

      160,000 SF manufacturing and distribution warehouse in Charlotte.
      1337 Wood Branch Dr, Charlotte, NC 28273
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    440 Westinghouse Blvd
    Charlotte, NC 28273-5769
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    440 Westinghouse Blvd, Charlotte, NC, 28273
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!