Property profile

5514 Westpark Dr Charlotte, NC 28217

OFF-MARKET
Automotive properties
Property ID
US53-1578551
42,066 SF 4.85 ac lot Built 1984
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1984
Total area 42,066 SF
Lot 4.85 ac (211,135 SF)
Zoning code B-2
APN 16926105
UPID US53-1578551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5514 Westpark Dr Charlotte, NC 28217
Charlotte metro Census 3807 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.06M
Blend (final) Blend
$14.54M

Owner & transaction history

since 2022
Last sale
$14.1M
2 recorded transactions
2022
$14.1M
2022
Price N/A

Zoning & alternative use

B-2 · Charlotte, NC
Top alternative use upside
Office building $18.8M +71.2%
Medical building $17.0M +54.7%
Retail stores $15.9M +45.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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