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Property profile & analytics
FOR LEASE
Showrooms
7215 Smith Corners Blvd Charlotte, NC 28269
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-3676698
For Lease
1 / 2
Contact for pricing
7215 Smith Corners Blvd, Charlotte, NC 28269
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2003
Total area
36,735 SF
Lot
3.1 ac (134,862 SF)
Zoning code
I-1
APN
2509232
UPID
US53-3676698
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
by Request
CAP Approach
CAP
$8.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.26M
Owner & transaction history
Rugsource Outlet INC · 6 yrs held
Rugsource Outlet INC
since 2019
5 recorded transactions
Zoning & alternative use
I-1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,715,000
6.5%
$8,970,000
7%
$8,330,000
Blend value · Realmo final
$7.26M
Range $6.53M – $7.99M · ±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
$198 / 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
$25,070
Tax year 2023
Assessed value
$3,417,900
Assessed 2024
Previous assessed
$3,513,300
-2.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,498,400
Assessed improvement
$1,919,500
Land market value
$1,498,400
Improvement market value
$1,919,500
Total market value
$3,417,900
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2003
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Total area
36,735 SF
Lot
3.1 ac (134,862 SF)
Zoning code
I-1
APN
2509232
UPID
US53-3676698
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NCZoning I-1 · permitted uses
I-1 · 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
2003
Heating
STEAM
Cooling
Yes
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Rugsource Outlet INC
Entity
Mailing address
1000 E SUGAR CRK RD, CHARLOTTE, NC 28205-1324
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
—
Rugsource Outlet INC
—
Deed
related
$500,000 · Peoples Bank
Sep 11, 2020
—
Rugsource Outlet INC
—
Deed
related
$1,650,000 · Peoples Bank
Dec 23, 2019
$2,200,000
Rugsource Outlet INC
Eca Charlotte LLC
Grant Deed
$1,100,000 · Jnj Capital One LLC
May 12, 2011
$2,250,000
Eca Charlotte LLC
Ge Coml Fin Busn Prop Corp
Grant Deed
—
Aug 8, 2006
—
First Cc LLC
—
Trustees Deed
related
$800,000 · Branch Banking & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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