Entity Owned 
For Lease
1 / 2
$3,095,000
4830 Hovis Rd, Charlotte, NC 28208
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Property summary
AI-generated overview
This single-tenant industrial property at 4830 Hovis Rd, Charlotte, NC 28208, offers 8,980 square feet of versatile space. The building sits on an 8.51-acre lot, with approximately 4 usable acres. The warehouse features four drive-in bays, providing convenient access for loading and unloading. The layout includes approximately 4,380 square feet of covered area (with room for three additional bays), 1,449 square feet of drive-thru bay space, 3,151 square feet of warehouse/office space, and 966 square feet of second-story office space. The property is zoned ML-1 & ML-2, offering flexibility for a range of industrial and commercial uses. The Mecklenburg County property includes three tax ID numbers: 06310127, 06310124, and 06310125. This location provides excellent access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The substantial lot size offers ample room for expansion or future development. This property presents a unique opportunity for businesses seeking a well-equipped and strategically located warehouse in Charlotte.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1958
Total area
5,566 SF
Lot
4.83 ac (210,264 SF)
Zoning code
R-22MF
APN
6310127
UPID
US53-1894885
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vocational School
-
Training Center Vocational School
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.10M
Owner & transaction history
since 2022
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
R-22MF · Charlotte, NC
Top alternative use upside
Commercial (general)
$3.8M
+165.1%
Restaurant
$3.6M
+145.3%
Apartment house (5+ units)
$2.5M
+71.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.10M
Value range
$2.79M – $3.40M
±10% around blend
Estimated value / SF
$556 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$2.79M
blend $3.10M
$3.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,566 SF
Lot area
4.83 ac
Year built
1958
Stories
1
APN
6310127
Zoning
R-22MF
Assessed value
$995,300
Annual tax
$7,301
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.83M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 4,800 SF
11.3 mi away · 6,942 SF
14.9 mi away · 6,816 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 122 sales
$261
+113%
County 147 sales
$274
+103%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $556/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+165%
vs current-use indication
Restaurant
Apartment House (5+ Units)
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.00M
Move the market yield to see immediate price impact.
Value / SF
$539
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$189k
$3.78M
$2.70M
$2.10M
$210k
$4.20M
$3.00M
$2.33M
$231k
$4.62M
$3.30M
$2.57M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.20M
0.9 mi · Dec 2025 · $222/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,301
Tax year 2023
Assessed value
$995,300
Assessed 2024
Previous assessed
$995,300
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$801,900
Assessed improvement
$193,400
Land market value
$801,900
Improvement market value
$193,400
Total market value
$995,300
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1958
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
6
Total area
5,566 SF
Lot
4.83 ac (210,264 SF)
Zoning code
R-22MF
APN
6310127
UPID
US53-1894885
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-22MF · Charlotte, NCZoning R-22MF · permitted uses
R-22MF · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
6
Lot
4.83 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-22MF
Jurisdiction
Charlotte, NC
Recorded code
R-22MF
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-22MF in Charlotte, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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