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Property profile & analytics
OFF-MARKET
Estimated value
$9,635,000
Strip malls
11812 Carolina Pl Pkwy, Pineville, NC 28134-8861
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0041368
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
49,732 SF
Lot
4.42 ac (192,535 SF)
Zoning code
B-4
APN
22109118
UPID
US53-0041368
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
-
Parkway Crossing Shopping Center & Mall
-
Beauty Skin and Lashes Spa & Massage Center
-
Plitzs Fashion Marketing Marketing & Advertising Event Planning
-
Nadeau - Furniture with a Soul Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.57M
CAP Approach
CAP
$11.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.64M
Owner & transaction history
Hayden Dr LLC · 4 yrs held
Hayden Dr LLC
since 2022
Last sale
$9.7M
4 recorded transactions
Zoning & alternative use
B-4 · Pineville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.8M
+10.0%
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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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
$9,675,000
ML approach
$9,565,000
CAP Approach
CAP Return
Estimation
6%
$12,205,000
6.5%
$11,265,000
7%
$10,460,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,350,000
Current use
RETAIL STORES
$15,785,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,640,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$9.64M
Range $8.67M – $10.60M · ±10% · vs last sale $9.65M (Jun 24 2022)
Last sale anchor
$9.65M
Jun 24 2022
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
$194 / 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
$71,530
Tax year 2023
Assessed value
$9,435,400
Assessed 2024
Previous assessed
$9,562,500
-1.3% YoY
Effective rate
0.76%
On assessed value
Assessed land
$4,276,100
Assessed improvement
$5,159,300
Land market value
$4,276,100
Improvement market value
$5,159,300
Total market value
$9,435,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
49,732 SF
Lot
4.42 ac (192,535 SF)
Zoning code
B-4
APN
22109118
UPID
US53-0041368
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-4 · Pineville, NC
Zoning B-4 · permitted uses
B-4 · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pineville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.4M
RETAIL STORES
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.42 ac
Current owner
From public records · entity-resolved
Hayden Dr LLC
Entity
Mailing address
226 OWEN BLVD, CHARLOTTE, NC 28213-5646
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$9,650,000
Hayden Dr LLC
Carolina Parkway LLC
Special Warranty Deed
$7,720,000 · Carolinas Telco FCU
Jun 24, 2022
—
Hayden Dr LLC
Carolina Parkway LLC
Warranty Deed
—
Jun 13, 2005
$9,318,000
Carolina Parkway LLC
Carolina Place Investors LLC
Special Warranty Deed
$6,400,000 · Merrill Lynch Mortgage Lending INC
Jan 13, 2004
—
Pinevill Town Nc
Carolina Place Investors INC
Grant 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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