Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Industrial properties
6426 Hendry Rd Charlotte, NC 28269-3703
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-3579946
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2017
Total area
40,536 SF
Lot
5.69 ac (247,726 SF)
Zoning code
I2
APN
2501114
UPID
US53-3579946
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
-
Sunfab Hydraulics Inc. Building Supply
-
Spark By Design Event Planning Wedding Service
-
Spark Party Pack Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.67M
CAP Approach
CAP
$5.97M
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$7.45M
Owner & transaction history
Hendry Road LLC · 4 yrs held
Hendry Road LLC
since 2022
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
I2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.1M
+32.6%
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
$7,525,000
ML approach
$7,670,000
CAP Approach
CAP Return
Estimation
6%
$6,470,000
6.5%
$5,970,000
7%
$5,545,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,140,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,115,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±10% · vs last sale $7.30M (Mar 17 2022)
Last sale anchor
$7.30M
Mar 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
$184 / 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
$45,742
Tax year 2023
Assessed value
$6,236,100
Assessed 2024
Previous assessed
$6,414,100
-2.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,980,400
Assessed improvement
$4,255,700
Land market value
$1,980,400
Improvement market value
$4,255,700
Total market value
$6,236,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
40,536 SF
Lot
5.69 ac (247,726 SF)
Zoning code
I2
APN
2501114
UPID
US53-3579946
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
INDUSTRIAL (GENERAL) Current
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
INDUSTRIAL (GENERAL) 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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.69 ac
Current owner
From public records · entity-resolved
Hendry Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 11397, CHARLOTTE, NC 28220-1397
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Hendry Road LLC
—
Deed
related
$400,000 · First Citizens Bank & Trust Co
Mar 17, 2022
$7,300,000
Hendry Road LLC
Berkshire Partners 9 LLC
Special Warranty Deed
—
Mar 17, 2022
—
Hendry Road LLC
Berkshire Partners 9 LLC
Deed
—
Nov 2, 2017
—
Berkshire Partners 9 LLC
—
Trustees Deed
related
$941,448 · Branch Bk&tr
Feb 10, 2017
—
Berkshire Partners 9 LLC
—
Trustees Deed
related
$1,900,000 · Branch Bk&tr
Sep 20, 2016
—
Berkshire Partners 9 LLC
Young,john B JR
Warranty Deed
—
Sep 1, 2016
$220,000
Berkshire Partners 9 LLC
Young,john B JR
Grant Deed
$110,000 · John B JR Young
Aug 31, 2015
—
John B Young JR
Young John B
Quit Claim Deed
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6426 Hendry Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
