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Property profile & analytics
OFF-MARKET
Estimated value
$5,875,000
Manufacturing properties
4808 Chesapeake Dr Charlotte, NC 28216-2904
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0107067
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
49,225 SF
Lot
15.85 ac (690,252 SF)
Zoning code
I-2(CD)
APN
3921110
UPID
US53-0107067
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
-
Samaritan's Feet International Charitable Organization Social Service Agency
-
Samaritans Feet Charitable Organization Social Service Agency
-
Vending Machines Department Store
-
Accu-Vend Food Services Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.46M
CAP Approach
CAP
$5.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.88M
Owner & transaction history
Samaritans Feet International · 5 yrs held
Samaritans Feet International
since 2021
Last sale
$5.6M
4 recorded transactions
Zoning & alternative use
I-2(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this industrial district is to create and protect wholesaling and industrial areas for manufacturing, processing and assembling of parts and products, distribution of products at wholesale, transportation terminals, and a broad variety of specialized industrial operations, this conditional district allow for the establishment of certain uses,…
Zone name
General Industrial Conditional Zoning District
General category
INDUSTRIAL
Zone area
2,326.07 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 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
$6,565,000
ML approach
$6,460,000
CAP Approach
CAP Return
Estimation
6%
$5,595,000
6.5%
$5,165,000
7%
$4,795,000
Blend value · Realmo final
$5.88M
Range $5.29M – $6.46M · ±10% · vs last sale $5.59M (Jul 1 2021)
Last sale anchor
$5.59M
Jul 1 2021
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
$119 / 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
$35,882
Tax year 2023
Assessed value
$4,891,900
Assessed 2024
Previous assessed
$5,129,600
-4.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,701,200
Assessed improvement
$3,190,700
Land market value
$1,701,200
Improvement market value
$3,190,700
Total market value
$4,891,900
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
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
49,225 SF
Lot
15.85 ac (690,252 SF)
Zoning code
I-2(CD)
APN
3921110
UPID
US53-0107067
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2(CD) · Charlotte, NCZoning I-2(CD) · permitted uses
I-2(CD) · Charlotte, 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 industrial district is to create and protect wholesaling and industrial areas for manufacturing, processing and assembling of parts and products, distribution of products at wholesale, transportation terminals, and a broad variety of specialized industrial operations, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
General Industrial Conditional Zoning District
General category
INDUSTRIAL
Zone area
2,326.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
15.85 ac
Current owner
From public records · entity-resolved
Samaritans Feet International
Individual
Mailing address
PO BOX 78992, CHARLOTTE, NC 28271-7045
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
$590,000
Samaritans Feet International
Mike & Josephine Realty Co LLC
Special Warranty Deed
$5,152,000 · Truliant FCU
Mar 10, 2006
$5,457,500
Mike & Josephine Realty Co LLC
Fairways Compass Charlotte LLC
Grant Deed
$3,338,000 · Key Bank & Trust
Sep 20, 2005
$4,047,000
Fairways Compass Charlotte LLC
Compass Group USA INC
Grant Deed
$10,253,136 · Comerica Bank
—
—
Mike & Josephine Realty Co LLC
—
Deed Of Trust
related
$2,617,500 · Wells Fargo 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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