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Property profile & analytics
OFF-MARKET
Estimated value
$22,440,000
Strip malls
10018 Benfield Rd, Charlotte, NC 28269-8818
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4674282
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Total area
74,526 SF
Lot
10.16 ac (442,352 SF)
APN
2756124
UPID
US53-4674282
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
-
University Dental Associates - Benfield Dental Office
-
Jersey Mike's Subs Take-out & Catering Catering Service
-
Daria P. Clegg Diaby, DMD Dental Office
-
Diaby Diaby Dental Office
-
Amy J. Perlow, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.33M
Comparable Approach
Comparable
$26.42M
Blend (final)
Blend
$22.44M
Owner & transaction history
Wf Prosperity Village LLC · 5 yrs held
Wf Prosperity Village LLC
since 2021
Last sale
$21.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$30.0M
+34.8%
Office building
$28.0M
+25.5%
Retail stores
$24.1M
+8.4%
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
$24,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,860,000
6.5%
$18,330,000
7%
$17,020,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$22,280,000
Current use
MEDICAL BUILDING
$30,035,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$27,965,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$24,140,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$22.44M
Range $20.20M – $24.68M · ±10% · vs last sale $21.25M (Mar 29 2021)
Last sale anchor
$21.25M
Mar 29 2021
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
$301 / 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
$132,458
Tax year 2023
Assessed value
$18,058,400
Assessed 2024
Previous assessed
$20,932,100
-13.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,890,800
Assessed improvement
$11,167,600
Land market value
$6,890,800
Improvement market value
$11,167,600
Total market value
$18,058,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Total area
74,526 SF
Lot
10.16 ac (442,352 SF)
APN
2756124
UPID
US53-4674282
Jurisdiction
MECKLENBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$22.3M
MEDICAL BUILDING
Est. value
$30.0M
OFFICE BUILDING
Est. value
$28.0M
RETAIL STORES
Est. value
$24.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2016
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
10.16 ac
Current owner
From public records · entity-resolved
Wf Prosperity Village LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10877 WILSHIRE BLVD STE 1105TH XX
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2021
$21,250,000
Wf Prosperity Village LLC
Hepvs LLC
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.
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