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Property profile & analytics
FOR LEASE
Retail space
10701 Mcmullen Creek Pkwy Charlotte, NC 28226
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1144566
For Lease
$21 SF/Yr
10701 Mcmullen Creek Pkwy, Charlotte, NC 28226
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
13,564 SF
Lot
1.2 ac (52,359 SF)
Zoning code
B-4
APN
22119303
UPID
US53-1144566
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
-
Blue Iris Nails Studio Nail Salon
-
Pilates of Charlotte Gym & Fitness Center
-
Beauty By Suki Medical Clinic Skin Care Clinic
-
Providence Consulting CPA Accounting Firm
-
Blanket America Ministries, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
The Sherwin Williams Company · 3 yrs held
The Sherwin Williams Company
since 2023
7 recorded transactions
Zoning & alternative use
B-4 · 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,535,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±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
$158 / 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
$19,717
Tax year 2023
Assessed value
$2,600,900
Assessed 2024
Previous assessed
$3,043,000
-14.5% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,847,100
Assessed improvement
$753,800
Land market value
$1,847,100
Improvement market value
$753,800
Total market value
$2,600,900
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
13,564 SF
Lot
1.2 ac (52,359 SF)
Zoning code
B-4
APN
22119303
UPID
US53-1144566
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-4 · Charlotte, NC
Zoning B-4 · permitted uses
B-4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.5M
AUTO REPAIR, GARAGE
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
The Sherwin Williams Company
Entity
Mailing address
2925 LUVAN BLVD, GEORGETOWN, SC 29440-7062
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
—
The Sherwin Williams Company
Trio Retail LLC
Lease
—
Aug 23, 2011
$1,600,000
Trio Retail LLC
Island Creek Land Co LLC
Warranty Deed
—
Nov 30, 2009
—
Island Creek Land Co LLC
Taylor,rhett W & Jill R
Grant Deed
—
—
—
Island Creek Land Co LLC
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co
—
—
Island Creek Land Co LLC
—
Deed Of Trust
related
$750,000 · Branch Banking & Trust Co
—
—
Island Creek Land Co LLC
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co
—
—
Island Creek Land Co LLC
—
Deed Of Trust
related
$750,000 · Branch Banking & Trust Co
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?”
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