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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
610 Anderson St Charlotte, NC 28205-1208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5795732
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
2,440 SF
Lot
0.61 ac (26,633 SF)
Zoning code
I2
APN
9110905
UPID
US53-5795732
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
-
Great Wagon Road Distilling Co Brewery & Distillery Bar & Pub
-
Great Wagon Road Distilling Company Brewery & Distillery Bar & Pub
-
Great Wagon Road Distillery Brewery & Distillery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Hibernia Property Holdings LLC · 4 yrs held
Hibernia Property Holdings LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+410.4%
Medical building
$985,000
+197.8%
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
$1,340,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,685,000
Change: +410% · Conversion: Difficult
MEDICAL BUILDING
$985,000
Change: +198% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.30M (Feb 17 2022)
Last sale anchor
$1.30M
Feb 17 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
$543 / 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
$9,731
Tax year 2023
Assessed value
$1,326,700
Assessed 2024
Previous assessed
$1,329,300
-0.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$844,800
Assessed improvement
$481,900
Land market value
$844,800
Improvement market value
$481,900
Total market value
$1,326,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
2,440 SF
Lot
0.61 ac (26,633 SF)
Zoning code
I2
APN
9110905
UPID
US53-5795732
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$985,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Hibernia Property Holdings LLC
Entity
Mailing address
610 ANDERSON ST, CHARLOTTE, NC 28205-1208
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
$1,300,000
Hibernia Property Holdings LLC
Michael J Nutter
Warranty Deed
$1,300,000 · Gary Green
Aug 16, 2019
—
Michael J Nutter
—
Deed
related
$215,074 · Fenton T JR Erwin
Apr 16, 2019
—
Michael J Nutter
—
Deed
related
$420,000 · James M Buchanan
Nov 17, 2016
—
Michael J Nutter
—
Deed
related
—
Jun 28, 2016
—
Michael J Nutter
—
Deed
related
$420,000 · James M Buchanan
Aug 17, 2012
$500
Michael J Nutter
Nutter James I Trust
Warranty Deed
related
—
Oct 18, 2010
—
Nutter James I Trust
Nutter,james I & Nancy H
Quit Claim Deed
related
—
Mar 2, 2007
$520,000
James I Nutter
Noray Charitable Trust
Warranty Deed
$275,000 · Noray Charitable Tr (tr)
Feb 5, 2007
—
Noray Trust
Bray,philip M
Quit Claim Deed
related
—
—
—
Michael J Nutter
—
Loan Modification
related
$420,000 · James M Buchanan
—
—
Michael J Nutter
—
Deed Of Trust
related
$215,074 · Fenton T JR Erwin
—
—
Michael J Nutter
—
Deed Of Trust
related
$545,000 · Lynk Investments LLC
—
—
Michael J Nutter
—
Deed Of Trust
related
$420,000 · James M Buchanan
—
—
James I Nutter
—
Deed Of Trust
related
$85,000 · United Community Bank
—
—
Michael J Nutter
—
Deed Of Trust
related
—
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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