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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Warehouses
7217 Old Statesville Rd Charlotte, NC 28269-1755
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1150227
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
11,436 SF
Lot
2.95 ac (128,371 SF)
Zoning code
I2
APN
3721109
UPID
US53-1150227
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
-
G & G Turf Irrigation General Contractor Construction Company
-
G & G Landscape Solutions Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$660k
Owner & transaction history
Harpswell Holdings LLC · 6 yrs held
Harpswell Holdings LLC
since 2020
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
I2 · 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
$755,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $650k (Jan 29 2020)
Last sale anchor
$650k
Jan 29 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
$58 / 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
$9,200
Tax year 2023
Assessed value
$1,254,200
Assessed 2024
Previous assessed
$1,257,900
-0.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$676,700
Assessed improvement
$577,500
Land market value
$676,700
Improvement market value
$577,500
Total market value
$1,254,200
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
2000
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
11,436 SF
Lot
2.95 ac (128,371 SF)
Zoning code
I2
APN
3721109
UPID
US53-1150227
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NCZoning I2 · permitted uses
I2 · 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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
2.95 ac
Current owner
From public records · entity-resolved
Harpswell Holdings LLC
Entity
Mailing address
PO BOX 26578, CHARLOTTE, NC 28221-6578
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
$650,000
Harpswell Holdings LLC
Gemini Charlotte LLC
Special Warranty Deed
$561,000 · The Fidelity Bank
Aug 11, 1999
$194,000
Gemini-charlotte,llc
Gemini,charlotte
Grant Deed
related
—
Aug 10, 1999
$194,000
Gemini,charlotte LLC
Prayosha,llc
Grant Deed
—
Dec 13, 1994
$126,000
Prayosha,llc
Eastern Federal
Grant Deed
—
—
—
Mitschele,gary & Elsa
—
Loan Modification
related
$207,867 · Fifth Third Bk
—
—
Gemini-charlotte LLC
—
Deed Of Trust
related
$460,000 · Wachovia 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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