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Property profile & analytics
OFF-MARKET
Estimated value
$5,365,000
Distribution centers
5200 Spector Dr Charlotte, NC 28269-1792
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1869178
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1978
Total area
42,358 SF
Lot
11.89 ac (517,885 SF)
Zoning code
I1
APN
3719214
UPID
US53-1869178
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
-
Epes Transport System, Inc. Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.85M
CAP Approach
CAP
$6.99M
Comparable Approach
Comparable
$5.18M
Blend (final)
Blend
$5.37M
Owner & transaction history
Epes Transport System LLC · 6 yrs held
Epes Transport System LLC
since 2020
Last sale
$5.0M
2 recorded transactions
Zoning & alternative use
I1 · 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
$5,790,000
ML approach
$5,845,000
CAP Approach
CAP Return
Estimation
6%
$7,565,000
6.5%
$6,985,000
7%
$6,485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,615,000
Current use
Blend value · Realmo final
$5.37M
Range $4.83M – $5.90M · ±10% · vs last sale $5.00M (Feb 13 2020)
Last sale anchor
$5.00M
Feb 13 2020
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
$127 / 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
$26,207
Tax year 2023
Assessed value
$3,572,900
Assessed 2024
Previous assessed
$4,103,000
-12.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,311,900
Assessed improvement
$1,261,000
Land market value
$2,311,900
Improvement market value
$1,261,000
Total market value
$3,572,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Rooms
1
Total area
42,358 SF
Lot
11.89 ac (517,885 SF)
Zoning code
I1
APN
3719214
UPID
US53-1869178
Jurisdiction
MECKLENBURG
Zoning & alternative use
I1 · Charlotte, NCZoning I1 · permitted uses
I1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.6M
WAREHOUSE, STORAGE 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
1978
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
11.89 ac
Current owner
From public records · entity-resolved
Epes Transport System LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3400 EDGEFIELD CT, GREENSBORO, NC 27409-9663
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$5,000,000
Epes Transport System LLC
Jaam Two LLC
Warranty Deed
—
Mar 3, 2017
—
Jaam Two LLC
Mecklenburg County
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.
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