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Property profile & analytics
OFF-MARKET
Estimated value
$5,245,000
Warehouses
700 9th St Charlotte, NC 28202
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5397364
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
14,308 SF
Lot
4.4 ac (191,533 SF)
Zoning code
I2
APN
7823201
UPID
US53-5397364
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Rrseaboard Realty LLC · 2 yrs held
Rrseaboard Realty LLC
since 2023
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
I2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.4M
+332.6%
Medical building
$5.8M
+197.8%
Retail stores
$4.6M
+139.4%
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
$5,345,000
ML approach
$5,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,375,000
Change: +333% · Conversion: Difficult
MEDICAL BUILDING
$5,765,000
Change: +198% · Conversion: Difficult
RETAIL STORES
$4,635,000
Change: +139% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,275,000
Change: +121% · Conversion: Moderate
Blend value · Realmo final
$5.25M
Range $4.72M – $5.77M · ±10% · vs last sale $5.00M (Sep 25 2023)
Last sale anchor
$5.00M
Sep 25 2023
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
$367 / 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
$36,933
Tax year 2023
Assessed value
$5,035,200
Assessed 2024
Previous assessed
$4,066,100
+23.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,917,700
Assessed improvement
$117,500
Land market value
$4,917,700
Improvement market value
$117,500
Total market value
$5,035,200
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
1967
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Total area
14,308 SF
Lot
4.4 ac (191,533 SF)
Zoning code
I2
APN
7823201
UPID
US53-5397364
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
OFFICE BUILDING
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1967
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
Rrseaboard Realty LLC
Entity
Mailing address
6010 KENLEY LN, CHARLOTTE, NC 28217-3532
Ownership since
2023
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
Jul 24, 2024
—
Rrseaboard Realty LLC
—
Deed
related
$2,000,000 · Westlake Services LLC
Sep 25, 2023
$5,000,000
Rrseaboard Realty LLC
Ccrp Seaboard LLC
Special Warranty Deed
$4,850,000 · Psg Lending LLC
Jul 26, 2018
—
Ccrp Seaboard LLC
Seaboard Street LLC
Quit Claim Deed
—
Jul 26, 2018
$4,200,000
Ccrp Seaboard LLC
Seaboard Street LLC
Grant Deed
related
—
Aug 26, 2016
—
Seaboard Street LLC
Seaboard Street LLC
Quit Claim Deed
related
$1,300,000 · Communityone Bk NA
Apr 8, 2008
$300,000
Cold Storage Partners LLC
Urs Real Estate
Grant Deed
$150,000 · Regions Bank
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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