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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Warehouses
4500 Morris Park Dr Mint Hill, NC 28227-9200
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0635652
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Total area
29,672 SF
Lot
4.04 ac (175,852 SF)
Zoning code
B-D
APN
13530104
UPID
US53-0635652
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.78M
Owner & transaction history
Oii Morris Park LLC · 9 yrs held
Oii Morris Park LLC
since 2017
6 recorded transactions
Zoning & alternative use
B-D · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide areas in which distributive uses, such as warehouses, office and wholesaling concerns, plus other complementary uses, may be established and may be given assurance of wholesome surroundings in the future. The development standards for this district are designed also to aid in preventing the creation of traffic conge…
Zone name
Distributive Business
General category
INDUSTRIAL
Zone area
49.29 ac
Source
Realmo
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 Mint Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mint Hill 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±10%
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
$60 / 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
$14,744
Tax year 2023
Assessed value
$2,112,000
Assessed 2024
Previous assessed
$2,165,400
-2.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$397,300
Assessed improvement
$1,714,700
Land market value
$397,300
Improvement market value
$1,714,700
Total market value
$2,112,000
Applied tax rate
17.0000
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
1982
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
29,672 SF
Lot
4.04 ac (175,852 SF)
Zoning code
B-D
APN
13530104
UPID
US53-0635652
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-D · Mint Hill, NCZoning B-D · permitted uses
B-D · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide areas in which distributive uses, such as warehouses, office and wholesaling concerns, plus other complementary uses, may be established and may be given assurance of wholesome surroundings in the future. The development standards for this district are designed also to aid in preventing the creation of traffic congestion and traffic hazards on highways and to aid in protecting nearby residential areas from detrimental aspects of uses permitted within this district.
Zone name
Distributive Business
General category
INDUSTRIAL
Zone area
49.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
Oii Morris Park LLC
Entity
Mailing address
4500 MORRIS PARK DR, MINT HILL, NC 28227-9200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2018
—
Oh Morris Park LLC
—
Deed
related
$3,000,000 · Paragon Bk
Feb 2, 2017
$2,000,000
Oii Morris Park LLC
Borders Real Properties LLC
Special Warranty Deed
$1,700,000 · Paragon Commercial Bank
Feb 8, 2010
$1,900,000
Borders Real Properties LLC
Borders,j Richard
Warranty Deed
$1,900,000 · J Richard & Retta C Borders
Aug 19, 1997
—
J Richard Borders
—
Deed Of Trust
related
$974,700 · Nationsbank
Jun 30, 1992
$39,000
J Richard Borders
Unknown
Grant Deed
—
—
—
Oh Morris Park LLC
—
Loan Modification
related
$3,000,000 · Paragon Bk
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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