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Property profile & analytics
OFF-MARKET
Estimated value
$17,355,000
Warehouses
6900 Morris Est Dr Charlotte, NC 28262-4259
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0675518
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
222,145 SF
Lot
63.37 ac (2,760,484 SF)
Zoning code
R-3
APN
4705325
UPID
US53-0675518
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
-
Morris Costumes (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.48M
Blend (final)
Blend
$17.36M
Owner & transaction history
Morris Holdings II LLC · 4 yrs held
Morris Holdings II LLC
since 2022
6 recorded transactions
Zoning & alternative use
R-3 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This districts is hereby established to protect and promote the development of single family housing and a limited number of public and institutional uses
Zone name
Single Family Residential District
General category
CIVIC_INSTITUTIONAL
Zone area
410.80 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.36M
Range $15.62M – $19.09M · ±10%
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
$78 / 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
$98,525
Tax year 2023
Assessed value
$13,432,200
Assessed 2024
Previous assessed
$13,657,300
-1.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,635,200
Assessed improvement
$5,797,000
Land market value
$7,635,200
Improvement market value
$5,797,000
Total market value
$13,432,200
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
222,145 SF
Lot
63.37 ac (2,760,484 SF)
Zoning code
R-3
APN
4705325
UPID
US53-0675518
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-3 · Charlotte, NCZoning R-3 · permitted uses
R-3 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This districts is hereby established to protect and promote the development of single family housing and a limited number of public and institutional uses
Zone name
Single Family Residential District
General category
CIVIC_INSTITUTIONAL
Zone area
410.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
63.37 ac
Current owner
From public records · entity-resolved
Morris Holdings II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6900 MORRIS EST DR, CHARLOTTE, NC 28262-4259
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Morris Holdings II LLC
Terri S Bate
Quit Claim Deed
related
—
Dec 30, 2021
—
Morris Holdings II LLC
Terri S Bate
Special Warranty Deed
—
Dec 29, 2021
—
Philip S Smith
Morris Holdings LLC
Special Warranty Deed
—
Sep 21, 2004
$3,575,000
Morris Holdings LLC
Solectron USA INC
Grant Deed
related
—
—
—
Morris Holdings LLC
—
Deed Of Trust
related
$12,000,000 · Suntrust Bank NA
—
—
Morris Holdings LLC
—
Deed Of Trust
related
$8,000,000 · Suntrust Bank NA
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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