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Property profile & analytics
OFF-MARKET
Estimated value
$370,000
Auto shops
6915 Old Lawyers Rd Charlotte, NC 28227-3942
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1697651
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1971
Total area
8,100 SF
Lot
1.49 ac (64,817 SF)
Zoning code
B-2
APN
10918206
UPID
US53-1697651
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
-
Durabuilt Sheds of Charlotte Construction Company General Contractor
-
Auto Selection of Charlotte Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
Laurmike Properties LLC · 9 yrs held
Laurmike Properties LLC
since 2016
7 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$370k
Range $333k – $407k · ±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
$46 / 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
$8,490
Tax year 2023
Assessed value
$1,157,500
Assessed 2024
Previous assessed
$1,178,300
-1.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$945,400
Assessed improvement
$212,100
Land market value
$945,400
Improvement market value
$212,100
Total market value
$1,157,500
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
1971
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Total area
8,100 SF
Lot
1.49 ac (64,817 SF)
Zoning code
B-2
APN
10918206
UPID
US53-1697651
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NCZoning 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
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Laurmike Properties LLC
Entity
Mailing address
10940 MCCAMIE HL PL, CONCORD, NC 28025-9153
Ownership since
2016
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
Nov 22, 2022
—
Laurmike Properties LLC
—
Deed
related
$150,000 · Uwharrie Bank
Nov 6, 2019
—
Laurmike Properties LLC
—
Deed
related
$60,000 · Branch Bk&tr
Dec 28, 2016
$609,500
Laurmike Properties LLC
Collision Properties LLC
Grant Deed
$517,752 · Collision Properties LLC
Feb 20, 2006
—
Collision Properties LLC
Rhyne,gerald H
Warranty Deed
—
Apr 6, 2005
—
Gerald Ryhne
Adams Outdoor Advertising
Grant Deed
related
—
—
—
Laurmike Properties LLC
—
Deed Of Trust
related
$125,000 · Branch Bk&tr
—
—
Collision Properties LLC
—
Deed Of Trust
related
$586,000 · Bank Of Commerce
—
—
Laurmike Properties LLC
—
Deed Of Trust
related
$60,000 · Branch Bk&tr
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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