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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Warehouses
5317 Marshall Air Dr Charlotte, NC 28217-2276
Entity Owned
~
Est. High Equity
Property ID
US53-0459097
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
5,752 SF
Lot
0.58 ac (25,385 SF)
Zoning code
I-1
APN
16905106
UPID
US53-0459097
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
-
Econ Biohazard Services Social Service Agency Crisis Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.14M
Owner & transaction history
Cornerstone Industrial Properties L
Cornerstone Industrial Properties L
since 2026
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+95.6%
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
$910,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,095,000
7%
$1,020,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$880,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Change: +96% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.40M (Feb 16 2026)
Last sale anchor
$1.40M
Feb 16 2026
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
$198 / 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
$6,298
Tax year 2023
Assessed value
$858,600
Assessed 2024
Previous assessed
$858,600
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$202,700
Assessed improvement
$655,900
Land market value
$202,700
Improvement market value
$655,900
Total market value
$858,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
5
Total area
5,752 SF
Lot
0.58 ac (25,385 SF)
Zoning code
I-1
APN
16905106
UPID
US53-0459097
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.58 ac
Current owner
From public records · entity-resolved
Cornerstone Industrial Properties L
Entity
Mailing address
42 HUDSON ST STE #107, ANNAPOLIS, MD 21401-8537
Ownership since
2026
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
Feb 16, 2026
$1,400,000
Cornerstone Industrial Properties L
5317 Marshall Air Drive LLC
Special Warranty Deed
$1,120,000 · Pinnacle Bank
Mar 17, 2022
—
5317 Marshall Air Drive LLC
—
Deed
related
$628,000 · Middletown Valley Bank
Dec 9, 2020
$785,000
5317 Marshall Air Drive LLC
Dyer E H & B M L/tr
Grant Deed
—
Dec 18, 2018
—
Dyer,eric H & Betsy M L Trust
Major Holdings LLC
Warranty Deed
—
Dec 28, 2010
$308,000
Major Holdings LLC
Bmh INC
Warranty Deed
$256,000 · Yadkin Valley Bank & Trust Company
Jul 12, 2006
—
Bm Homes INC
—
Trustees Deed
related
$250,000 · Stefano Piraino
—
—
Major Holdings LLC
—
Deed Of Trust
related
$456,131 · Suntrust 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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