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10400 Mallard Creek Rd, Charlotte, NC 28262
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Property summary
AI-generated overview
Bascom's Corner, located at 10400 Mallard Creek Rd in Charlotte, NC 28262, offers a unique opportunity in the thriving University area. This three-story, Class B building boasts 26,438 square feet of retail space, currently featuring a diverse mix of established businesses including Fifth Third Bank, Allstate, and State Farm, along with medical, counseling, dentistry, marketing, and nutritional services. The property sits on a 2.3-acre lot and includes 80 parking spaces and elevators for convenient access. Currently, 1,274 square feet of retail space is available, with additional spaces ranging up to 2,300 square feet. The building was constructed in 1998 and is zoned RE1, offering high visibility and easy access to shopping, dining, and major interstates, ensuring excellent connectivity throughout Charlotte. This multi-tenant property benefits from a high-population density and a robust retail environment in its immediate vicinity. The available space presents a compelling opportunity for businesses seeking a well-established location within a thriving commercial hub. The property's diverse tenant mix creates a synergistic environment, attracting a wide range of customers. This is an exceptional opportunity to establish or expand your business in a prime Charlotte location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
25,200 SF
Lot
2.36 ac (102,932 SF)
Zoning code
RE-1
APN
4716820
UPID
US53-1270327
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Dental Office
-
Advertising Agency Marketing & Advertising
-
Alternative Medicine Practice
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.21M
CAP Approach
CAP
$6.39M
Comparable Approach
Comparable
$6.19M
Blend (final)
Blend
$5.34M
Owner & transaction history
since 2021
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
RE-1 · Charlotte, NC
Top alternative use upside
Retail stores
$8.2M
+28.3%
Neighborhood: shopping center
$7.5M
+18.4%
Auto repair, garage
$6.6M
+3.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.34M
Value range
$4.81M – $5.87M
±10% around blend
Estimated value / SF
$212 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$4.81M
blend $5.34M
$5.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,200 SF
Lot area
2.36 ac
Year built
1998
Stories
3
APN
4716820
Zoning
RE-1
Assessed value
$4,559,700
Annual tax
$33,445
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.39M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.92M
@ 6.5% CAP return
$6.39M
@ 7% CAP return
$5.93M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$33,445
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.49M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.2 mi away · 20,220 SF
10.3 mi away · 21,936 SF
10.4 mi away · 25,131 SF
13.9 mi away · 25,195 SF
13.9 mi away · 25,195 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.34M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 51 sales
$252
-16%
Submarket 859 sales
$362
-41%
County 1075 sales
$354
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+28%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
7.80%
Selected cap rate for this office buildings
Derived from the Charlotte market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.80%
9.0%
NOI (est.)
$443k *
Last sale · Sep 2021
$4.68M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.68M
Move the market yield to see immediate price impact.
Value / SF
$225
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.30%7.80%8.30%
$398k
$5.46M
$5.11M
$4.80M
$443k
$6.06M
$5.68M
$5.33M
$487k
$6.67M
$6.24M
$5.87M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$335k
9.3 mi · Dec 2025 · $12/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,445
Tax year 2023
Assessed value
$4,559,700
Assessed 2024
Previous assessed
$4,604,000
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,251,700
Assessed improvement
$2,308,000
Land market value
$2,251,700
Improvement market value
$2,308,000
Total market value
$4,559,700
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
14
Bathrooms
28
Total area
25,200 SF
Lot
2.36 ac (102,932 SF)
Zoning code
RE-1
APN
4716820
UPID
US53-1270327
Jurisdiction
MECKLENBURG
Zoning & alternative use
RE-1 · Charlotte, NCZoning RE-1 · permitted uses
RE-1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
14
Bathrooms
28
Lot
2.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RE-1
Jurisdiction
Charlotte, NC
Recorded code
RE-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RE-1 in Charlotte, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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