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Property profile & analytics
OFF-MARKET
Estimated value
$21,815,000
Distribution centers
920 Black Satchel Rd Charlotte, NC 28216-3401
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0501333
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Total area
361,253 SF
Lot
30.86 ac (1,344,131 SF)
Zoning code
I2
APN
3908111
UPID
US53-0501333
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
by Request
Comparable Approach
Comparable
$29.11M
Blend (final)
Blend
$21.82M
Owner & transaction history
Eip 920 Black Satchel Drive LLC · 12 yrs held
Eip 920 Black Satchel Drive LLC
since 2014
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.82M
Range $19.63M – $24.00M · ±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
$60 / 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
$136,336
Tax year 2023
Assessed value
$18,587,100
Assessed 2024
Previous assessed
$19,296,400
-3.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,336,600
Assessed improvement
$15,250,500
Land market value
$3,336,600
Improvement market value
$15,250,500
Total market value
$18,587,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Rooms
1
Total area
361,253 SF
Lot
30.86 ac (1,344,131 SF)
Zoning code
I2
APN
3908111
UPID
US53-0501333
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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.
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
1
Lot
30.86 ac
Current owner
From public records · entity-resolved
Eip 920 Black Satchel Drive LLC
Entity
Mailing address
20 PICKERING ST #200, NEEDHAM, MA 02492-3197
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
Eip 920 Black Satchel Drive LLC
—
Deed
related
$33,000,000 · Truist Bank
Aug 6, 2018
—
Eip 920 Black Satchel Drive Ll
—
Trustees Deed
related
$21,100,000 · Bank Of America
Mar 6, 2014
$10,525,000
Eip 920 Black Satchel Drive LLC
Charlotte Black Satchel LLC
Special Warranty Deed
$20,400,000 · Jpmorgan Chase Bank NA
Mar 6, 2014
—
Charlotte Black Satchel LLC
Charlotte Black Satchel LLC
Quit Claim Deed
related
—
Apr 4, 2012
—
Charlotte Black Satchel LLC
Charlotte Business Park LLC
Quit Claim Deed
$5,800,000 · Patelco Cu
Mar 19, 1999
—
Biggers Brothers Realty
Farmbest Realty
Grant Deed
related
—
Mar 17, 1999
$4,750,000
Charlotte Business Park Ll
Biggers Brothers
Grant Deed
—
May 17, 1996
—
Biggers Brothers INC
—
Deed Of Trust
related
$235,000,000 · Bank Of America
—
—
Charlotte Business Park LLC
—
Deed Of Trust
related
$4,340,000 · Regions Bank
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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