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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Retail space
10715 Park Rd Charlotte, NC 28210-8549
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1611552
Property summary
AI-generated overview
This exceptional retail opportunity presents 1,807 square feet of leasable space at 10715 Park Rd in Charlotte, North Carolina. Located in Mecklenburg County, this single-story, 4,056 square foot building, constructed in 1984, sits on a 0.68-acre lot (APN 221-192-14) and benefits from ample parking. The property is zoned B-4, offering flexibility for a variety of retail or service-based businesses. The space enjoys excellent visibility and accessibility, fronting the Tryon Medical facility at The Plaza at Park 51, a busy commercial area with significant foot traffic. Its proximity to major shopping and dining destinations makes it an ideal location for businesses seeking high exposure and convenient access for customers. The property features one suite within the building. This is a rare opportunity to secure a well-positioned retail space in a thriving Charlotte neighborhood. Serious inquiries are encouraged to explore this promising investment.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
4,460 SF
Lot
0.68 ac (29,565 SF)
Zoning code
B-4
APN
22119214
UPID
US53-1611552
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
-
Asian Wok Restaurant
-
Honda works Department Store
-
Asia Works Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Cook Out-pineville INC · 13 yrs held
Cook Out-pineville INC
since 2012
3 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%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,160,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$231 / 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
$11,409
Tax year 2023
Assessed value
$1,504,900
Assessed 2024
Previous assessed
$1,531,400
-1.7% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,212,000
Assessed improvement
$292,900
Land market value
$1,212,000
Improvement market value
$292,900
Total market value
$1,504,900
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
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Total area
4,460 SF
Lot
0.68 ac (29,565 SF)
Zoning code
B-4
APN
22119214
UPID
US53-1611552
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-4 · Charlotte, NCZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Lot
0.68 ac
Current owner
From public records · entity-resolved
Cook Out-pineville INC
Entity
Free & Clear · 13 yrs held
Mailing address
2231 RICHARDSON DR, CHARLOTTE, NC 28211-3265
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2012
$835,000
Cook Out-pineville INC
Aldi Nc LLC
Grant Deed
—
Aug 17, 2006
—
10715 Park Road LLC
Jung Properties LLC
Quit Claim Deed
related
—
Jan 8, 2004
—
Jung Properties LLC
Jung,gam C & Lee L
Quit Claim Deed
related
—
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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