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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
712 Smith St Charlotte, NC 28202
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1604387
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
3,000 SF
Lot
0.37 ac (16,148 SF)
Zoning code
UMUD-O
APN
7823112
UPID
US53-1604387
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
-
SL Nail & Spa Angelic Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$585k
Owner & transaction history
Smith Street Development LLC · 5 yrs held
Smith Street Development LLC
since 2020
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
UMUD-O · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$970,000
+139.4%
Neighborhood: shopping center
$895,000
+120.9%
Auto repair, garage
$780,000
+92.6%
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
$610,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$405,000
Current use
RETAIL STORES
$970,000
Change: +139% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +121% · Conversion: Moderate
AUTO REPAIR, GARAGE
$780,000
Change: +93% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $525k (Nov 19 2020)
Last sale anchor
$525k
Nov 19 2020
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
$195 / 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
$14,856
Tax year 2023
Assessed value
$2,025,300
Assessed 2024
Previous assessed
$2,027,200
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,002,400
Assessed improvement
$22,900
Land market value
$2,002,400
Improvement market value
$22,900
Total market value
$2,025,300
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
1991
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,000 SF
Lot
0.37 ac (16,148 SF)
Zoning code
UMUD-O
APN
7823112
UPID
US53-1604387
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD-O · Charlotte, NC
Zoning UMUD-O · permitted uses
UMUD-O · 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
WAREHOUSE, STORAGE Current
Est. value
$405,000
RETAIL STORES
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$780,000
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1991
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Smith Street Development LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10100 PARK CEDAR DR STE #166, CHARLOTTE, NC 28210-8993
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
$525,000
Smith Street Development LLC
Lkn Holdings LLC
Warranty Deed
—
Nov 19, 2020
—
Smith Street Dev LLC
Lkn Holdings LLC
Grant Deed
related
—
Feb 8, 2017
—
Lkn Holdings LLC
Edf Partners LLC
Grant Deed
—
Feb 8, 2017
$422,500
Lkn Holdings LLC
Edf Partners LLC
Warranty 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.
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