Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Manufacturing properties
920 Eastway Dr Charlotte, NC 28205-1429
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1702571
Property summary
AI-generated overview
This expansive 24,965 square foot warehouse, located at 920 Eastway Drive in Charlotte, NC, presents a unique investment opportunity. Built in 1958 and situated on a 6.75-acre lot, the property boasts a flexible ML-1 zoning designation, opening doors to a variety of commercial uses. The entire space is currently vacant, offering immediate occupancy for a single tenant. The warehouse features ceiling heights ranging from 17 to 31 feet, providing ample vertical space for storage or specialized equipment. Access is facilitated by one dock-high door and one drive-in door. The property's substantial size, with a maximum contiguous space of 24,965 square feet, makes it ideal for businesses requiring significant storage or production areas. Its location in Charlotte, NC, zip code 28205, offers convenient access to major transportation routes and a thriving business community. This property is perfect for a variety of uses, from traditional warehousing and distribution to creative adaptive reuse projects. The property's size and zoning make it a highly versatile option for a wide range of businesses. The APN is 093-02-102.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Total area
25,052 SF
Lot
6.08 ac (264,627 SF)
Zoning code
I-1
APN
9302102
UPID
US53-1702571
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
-
PestBusters Pest Control Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$595k
Owner & transaction history
920 Eastway LLC · 3 yrs held
920 Eastway LLC
since 2023
Last sale
$500,000
2 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
$535,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $500k (Apr 14 2023)
Last sale anchor
$500k
Apr 14 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
$24 / 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
$3,176
Tax year 2023
Assessed value
$433,000
Assessed 2024
Previous assessed
$1,320,200
-67.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$248,100
Assessed improvement
$184,900
Land market value
$248,100
Improvement market value
$184,900
Total market value
$433,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
1
Total area
25,052 SF
Lot
6.08 ac (264,627 SF)
Zoning code
I-1
APN
9302102
UPID
US53-1702571
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
1958
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Lot
6.08 ac
Current owner
From public records · entity-resolved
920 Eastway LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3111 CRAMER POND DR, CHARLOTTE, NC 28205-3133
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
920 Eastway LLC
—
Deed
related
$2,500,000 · Carolina Blue Sky Property LLC
Apr 14, 2023
$500,000
920 Eastway LLC
Jeffrey Sandelman
Special Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 920 Eastway Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
