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Property profile & analytics
FOR LEASE
Industrial properties
5108 Reagan Dr Charlotte, NC 28206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5644428
For Lease
1 / 2
$13,695,000
5108 Reagan Dr, Charlotte, NC 28206
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
90,332 SF
Lot
9.69 ac (421,922 SF)
Zoning code
B2CD
APN
8707116
UPID
US53-5644428
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
-
Amara Wellness Services Inc. Medical Clinic
-
NC Elite Career Service Center Vocational School Training Center
-
Trasha J. Black, PhD Counselor
-
Carolina Outreach District Office
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.48M
CAP Approach
CAP
$14.19M
Comparable Approach
Comparable
$14.89M
Blend (final)
Blend
$13.70M
Owner & transaction history
Nbe University South LLC · 4 yrs held
Nbe University South LLC
since 2022
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
B2CD · 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
Method
Estimation
Statistic approach
$13,400,000
ML approach
$9,480,000
CAP Approach
CAP Return
Estimation
6%
$15,370,000
6.5%
$14,190,000
7%
$13,175,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,365,000
Current use
Blend value · Realmo final
$13.70M
Range $12.33M – $15.06M · ±10% · vs last sale $13.00M (Jan 5 2022)
Last sale anchor
$13.00M
Jan 5 2022
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
$152 / 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
$89,712
Tax year 2023
Assessed value
$12,230,700
Assessed 2024
Previous assessed
$12,615,400
-3.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,117,500
Assessed improvement
$8,113,200
Land market value
$4,117,500
Improvement market value
$8,113,200
Total market value
$12,230,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
1
Total area
90,332 SF
Lot
9.69 ac (421,922 SF)
Zoning code
B2CD
APN
8707116
UPID
US53-5644428
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2CD · Charlotte, NC
Zoning B2CD · permitted uses
B2CD · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.4M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
9.69 ac
Current owner
From public records · entity-resolved
Nbe University South LLC
Entity
Mailing address
600 EMERSON RD STE #210, CREVE COEUR, MO 63141-6762
Ownership since
2022
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
Jan 5, 2022
$13,000,000
Nbe University South LLC
Reagan Investors LLC
Special Warranty Deed
$1,095,000 · Dieterich Bank NA
May 7, 2018
—
Reagan Investors LLC
Us Reagan LLC
Quit Claim Deed
—
May 7, 2018
$8,500,000
Reagan Investors LLC
Us Reagan LLC
Grant Deed
related
$6,375,000 · Wells Fargo Bk
Jul 7, 2015
$3,230,500
Us Reagan LLC
Pineda Reo LLC
Warranty Deed
—
Jul 15, 2013
$3,800,000
Pineda Reo LLC
Mason James L JR
Trustees Deed
related
—
Jan 11, 2006
$5,975,000
Pref Charlotte Partners I LLC
Charlotte Office Inv LLC
Grant Deed
$5,427,000 · Compass Bank
Jun 30, 1992
$2,000,000
University South Office
Unknown
Grant Deed
—
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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