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Property profile & analytics
OFF-MARKET
Estimated value
$13,720,000
Warehouses
7800 Old Plank Rd, Charlotte, NC 28216-1222
Individually Owned
2-yr Hold
Property ID
US53-2073085
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
78,660 SF
Lot
5.88 ac (256,176 SF)
Zoning code
O1CD
APN
3515802
UPID
US53-2073085
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
-
Extra Space Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.09M
CAP Approach
CAP
$10.35M
Comparable Approach
Comparable
$13.75M
Blend (final)
Blend
$13.72M
Owner & transaction history
Ra2 7800 Old Plank Road Storage Own · 2 yrs held
Ra2 7800 Old Plank Road Storage Own
since 2023
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
O1CD · 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
$15,505,000
ML approach
$10,090,000
CAP Approach
CAP Return
Estimation
6%
$11,205,000
6.5%
$10,345,000
7%
$9,605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,885,000
Current use
Blend value · Realmo final
$13.72M
Range $12.35M – $15.09M · ±10% · vs last sale $14.50M (Dec 1 2023)
Last sale anchor
$14.50M
Dec 1 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
$174 / 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
$64,416
Tax year 2023
Assessed value
$8,782,000
Assessed 2024
Previous assessed
$8,968,000
-2.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,310,700
Assessed improvement
$7,471,300
Land market value
$1,310,700
Improvement market value
$7,471,300
Total market value
$8,782,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
STEAM
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
78,660 SF
Lot
5.88 ac (256,176 SF)
Zoning code
O1CD
APN
3515802
UPID
US53-2073085
Jurisdiction
MECKLENBURG
Zoning & alternative use
O1CD · Charlotte, NC
Zoning O1CD · permitted uses
O1CD · 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
$8.9M
WAREHOUSE, STORAGE Current
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
2018
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
8
Lot
5.88 ac
Current owner
From public records · entity-resolved
Ra2 7800 Old Plank Road Storage Own
Individual
Mailing address
300 CRES CT #1795, DALLAS, TX 75201-1876
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$14,500,000
Ra2 7800 Old Plank Road Storage Own
Ch Rlty Ix Baranof Ss Charlotte Mou
Special Warranty Deed
—
Jul 8, 2021
$9,250,000
Ch Ralty Ix Baranof Ss Charlotte Mo
K & S Acquisitions LLC
Special Warranty Deed
—
May 26, 2021
—
K&s Acquisitions LLC
Coulwood Investments LLC
Warranty Deed
—
Dec 18, 2020
—
Coulwood Investments LLC
—
Deed
related
$1,050,000 · Lifestore Bank
Jan 8, 2020
—
Coulwood Investments LLC
—
Deed
related
$325,000 · Lifestore Bank
Jun 5, 2019
—
Coulwood Investment LLC
—
Deed
related
$2,400,000 · Lifestore Bank
Jul 18, 2018
—
Coulwood Investments LLC
—
Loan Modification
related
$1,650,000 · Pinnacle Bk
Jun 19, 2018
—
Coulwood Investments LLC
Coulwood Investments LLC
Quit Claim Deed
related
—
Aug 4, 2017
—
Coulwood Investments LLC
—
Grant Deed
related
$1,350,000 · Bank Of Nc
Jul 12, 2017
$500
Coulwood Investments LLC
Steven R Mozeley
Warranty Deed
—
Nov 23, 2016
$80,000
Steven R Mozeley
Green Street IV LLC
Grant Deed
—
Dec 19, 2013
$250,000
Green Street IV LLC
Donaldson Kevin C
Trustees Deed
related
—
Jul 21, 2004
$250,000
Ray T Drury
Cofer,kenneth L & Misty C
Warranty Deed
$350,000 · American Community Bk & Tr
Jan 4, 1999
$6,000
Kenneth L Cofer
Whitlock,robert
Grant Deed
—
Dec 2, 1998
—
Kenneth L Cofer
Whitlock,robert
Grant 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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