1200 NORTHROP RD
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Location
1200 NORTHROP RD
Mblu
0913/ 0324/ 0001/ 0000/
Acct#
15547
Owner
NM NVLX LP
Total Market Value
$7,829,800
Appraisal
$11,185,400
PID
15547
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$8,095,400$3,090,000$11,185,400
Assessment
Valuation YearImprovementsLandTotal
2025$5,666,800$2,163,000$7,829,800

Owner of Record
OwnerNM NVLX LP
Co-OwnerNEW MOUNTAIN NET LEASE AQ CORP
Address3426 TORINGDON WAY STE 200
ATTN TAX
CHARLOTTE, NC 28277
Sale Price$15,161,233
Book & Page 5489/163
Sale Date02/21/2023
Instrument00
QualifiedQ

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
NM NVLX LP$15,161,2335489/1630002/21/2023
DURO HILEX POLY LLC$5,698,0005424/7170007/01/2021

Building Information
Building 1 : Section 1
Year Built: 1986
Living Area: 145,484
Replacement Cost: $9,892,912
Building Percent Good: 79
Replacement Cost
Less Depreciation:

$7,815,400
Building Attributes
FieldDescription
StyleStorage Warehouse
ModelComm/Ind
GradeC
Stories1
Occupancy1
Exterior Wall 1Precast Panel
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minimum
Interior Wall 2Drywall
Interior Floor 1Concrete
Interior Floor 2 
Heat FuelGas
Heat TypeForced Hot Air
AC TypeCentral
Bldg UseIndustrial
Total Rooms 
Total Bedrooms 
Total Full Bath(s)0
Total Half Bath(s)0
Extra Fixture(s)0
Fireplace(s)0
Extra Opening(s) 
Gas Fireplace(s) 
WS Flues0
Heat/ACHEAT/AC SPLIT
FrameMasonry
Baths/PlumbingAverage
Ceiling/Wall06
Rooms/Prtns02
Wall Height24.00
% Sprinkled100
1st Floor Use 
Bsmt Garage0
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
BASFIRST FLOOR 137,484 137,484
AOFOFFICE 8,000 8,000
   145,484 145,484

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
SPR1SPRINKLERS-WET145484.00 SF$114,900$80,4001
LDL1LOAD LEVELERS18.00 UNIT$0$01

Land
Land Use
Use Code301
DescriptionIndustrial  
NeighborhoodI1
Land Line Valuation
Size (Acres)20.6
Total Market Land$2,163,000
Appraised Value$3,090,000

Outbuildings
Outbuildings
CodeDescriptionSizeValueAssessed ValueBldg #
PAV1PAVING110000.00 S.F.$71,000$49,7001
FN4FENCE-10'CHAIN5600.00 L.F.$72,800$51,0001
LT1LIGHTS-IN W/PL4.00 UNITS$3,200$2,2001
LT2W/DOUBLE LIGHT16.00 UNITS$16,800$11,8001
SHD1SHED160.00 S.F.$1,300$9001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$3,313,400$2,299,900$5,613,300
2023$3,313,400$2,299,900$5,613,300

Assessment
Valuation YearImprovementsLandTotal
2024$2,319,380$1,609,930$3,929,310
2023$2,319,380$1,609,930$3,929,310

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