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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Manufacturing properties
9140 Research Dr Charlotte, NC 28262-8544
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1782633
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Total area
38,760 SF
Lot
8.79 ac (382,849 SF)
Zoning code
B-D(CD)
APN
4735101
UPID
US53-1782633
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
-
The Charlotte Observer Publishing House Newspaper & Magazine
-
Charlotte Observer Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.01M
CAP Approach
CAP
$6.09M
Comparable Approach
Comparable
$6.52M
Blend (final)
Blend
$4.78M
Owner & transaction history
North State Media LLC · 3 yrs held
North State Media LLC
since 2022
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
B-D(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide areas in which distributive uses, such as warehousing, office and wholesaling concerns, plus other complementary uses may be established and given assurance of wholesome surroundings in the future, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have pa…
Zone name
Distributive Business Conditional Zoning District
General category
COMMERCIAL
Zone area
265.68 ac
Source
Realmo
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
$4,795,000
ML approach
$5,010,000
CAP Approach
CAP Return
Estimation
6%
$6,595,000
6.5%
$6,090,000
7%
$5,655,000
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $4.65M (Nov 18 2022)
Last sale anchor
$4.65M
Nov 18 2022
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
$123 / 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
$39,740
Tax year 2023
Assessed value
$5,417,800
Assessed 2024
Previous assessed
$5,520,700
-1.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,620,900
Assessed improvement
$1,796,900
Land market value
$3,620,900
Improvement market value
$1,796,900
Total market value
$5,417,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1982
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Rooms
45
Total area
38,760 SF
Lot
8.79 ac (382,849 SF)
Zoning code
B-D(CD)
APN
4735101
UPID
US53-1782633
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-D(CD) · Charlotte, NCZoning B-D(CD) · permitted uses
B-D(CD) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide areas in which distributive uses, such as warehousing, office and wholesaling concerns, plus other complementary uses may be established and given assurance of wholesome surroundings in the future, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Distributive Business Conditional Zoning District
General category
COMMERCIAL
Zone area
265.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Heating
STEAM
Cooling
Yes
Stories
1
Rooms
45
Lot
8.79 ac
Current owner
From public records · entity-resolved
North State Media LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 1139, WALLACE, NC 28466-1139
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
North State Real Estate Holding Co
—
Deed
related
$5,500,000 · North State Real Estate Fin Company LLC
Nov 18, 2022
—
North State Media LLC
9140 Charlotte Mrp LLC
Warranty Deed
—
Nov 18, 2022
$4,650,000
North State Media LLC
9140 Charlotte Mrp LLC
Special Warranty Deed
—
Feb 3, 2021
—
Mccaltchy Company LLC
—
Deed
related
$182,100,000 · The Bank Of New York Mellon
Feb 11, 2016
—
9140 Charlotte Mrp LLC
Charlotte Observer Publishing
Quit Claim Deed
—
Jan 8, 2014
—
Charlotte Observer Publishing
Dow Jones & Co INC
Grant Deed
—
Jan 8, 2014
$5,000,000
Charlotte Observer Publishing
Dow Jones & Co INC
Grant Deed
—
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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