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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Auto shops
6729 Independence Blvd Charlotte, NC 28212-7253
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1986502
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Total area
6,080 SF
Lot
0.56 ac (24,573 SF)
Zoning code
B-2
APN
16514302
UPID
US53-1986502
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
-
Cottman Transmission and Total Auto Care Auto Repair Shop
-
Cottman Transmission Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$970k
Owner & transaction history
Bay Property Management LLC · 5 yrs held
Bay Property Management LLC
since 2021
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
B-2 · 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
Method
Estimation
Statistic approach
$1,025,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,585,000
Current use
INDUSTRIAL (GENERAL)
$1,370,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $875k (May 26 2021)
Last sale anchor
$875k
May 26 2021
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
$160 / 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
$6,360
Tax year 2023
Assessed value
$867,100
Assessed 2024
Previous assessed
$867,200
0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$867,000
Assessed improvement
$100
Land market value
$867,000
Improvement market value
$100
Total market value
$867,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Total area
6,080 SF
Lot
0.56 ac (24,573 SF)
Zoning code
B-2
APN
16514302
UPID
US53-1986502
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NC
Zoning B-2 · permitted uses
B-2 · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE Current
INDUSTRIAL (GENERAL)
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Bay Property Management LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5724 CARAVAN LN, WAXHAW, NC 28173-9700
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
—
Bay Property Management LLC
Bowen Property Charlotte LLC
Deed
—
May 26, 2021
$875,000
Bay Property Management LLC
Bowen Property Charlotte LLC
Special Warranty Deed
$1,323,100 · First National Bank Of Pennsylvania
Aug 26, 2016
$550,000
Bowen Property Charlotte LLC
Jlc Ventures LLC
Grant Deed
$467,500 · Branch Bk&tr
Jun 5, 2013
$380,000
Jlc Ventures LLC
Glass Walter E Trust
Grant Deed
$304,000 · Brand Banking
Jul 10, 2003
—
Glass Gorham Co
Glass,walter M
Quit Claim Deed
related
—
May 18, 1992
$96,000
Glass Walter
Unknown
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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