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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Auto shops
609 Melynda Rd, Charlotte, NC 28208-1171
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1176211
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Total area
17,774 SF
Lot
11.58 ac (504,294 SF)
Zoning code
I1
APN
5712102
UPID
US53-1176211
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Container Maintenance Corp Of Nc In · 2 yrs held
Container Maintenance Corp Of Nc In
since 2023
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$33 / 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
$9,526
Tax year 2023
Assessed value
$1,298,700
Assessed 2024
Previous assessed
$1,545,100
-15.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$837,900
Assessed improvement
$460,800
Land market value
$837,900
Improvement market value
$460,800
Total market value
$1,298,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Rooms
1
Total area
17,774 SF
Lot
11.58 ac (504,294 SF)
Zoning code
I1
APN
5712102
UPID
US53-1176211
Jurisdiction
MECKLENBURG
Zoning & alternative use
I1 · Charlotte, NC
Zoning I1 · permitted uses
I1 · 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.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
11.58 ac
Current owner
From public records · entity-resolved
Container Maintenance Corp Of Nc In
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 959, PAW CREEK, NC 28130-0959
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
—
Container Maintenance Corp Of Nc In
Drift Properties LLC
Assignment Of Lease (leasehold Sale)
—
Dec 8, 2022
—
Drift Properties LLC
Melynda Road Realty LLC
Special Warranty Deed
—
Jul 22, 2021
$50,000
Trucker Guys LLC
Melynda Road Realty LLC
Special Warranty Deed
—
Jun 19, 2020
$498,500
Melynda Road Realty LLC
Cenco INC
Grant Deed
—
Jun 19, 2020
$29,000
Dtjt Properties LLC
Cenco INC
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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