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Property profile & analytics
OFF-MARKET
Estimated value
$14,955,000
Strip malls
11930 Providence W Rd, Charlotte, NC 28277-2020
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4761594
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
32,543 SF
Lot
4.64 ac (201,944 SF)
APN
22313558
UPID
US53-4761594
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
-
Hair life grooming for men and boys Barber Shop
-
Daniella Cecilia Salon Hair Salon
-
Best Impressions of Charlotte Med Spa Spa & Massage Center Alternative Medicine Practice
-
Queen City Sculpt Weight Loss Service Medical Spa
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.08M
Blend (final)
Blend
$14.96M
Owner & transaction history
Csim Olde Lancaster Owner LLC · 1 yrs held
Csim Olde Lancaster Owner LLC
since 2024
Last sale
$15.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.5M
+131.1%
Restaurant
$20.8M
+113.8%
Medical building
$13.1M
+34.8%
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
$14,955,000
ML approach
$14,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,730,000
Current use
COMMERCIAL (GENERAL)
$22,480,000
Change: +131% · Conversion: Easy
RESTAURANT
$20,800,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$13,115,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$10,760,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$10,540,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$14.96M
Range $13.46M – $16.45M · ±10% · vs last sale $14.96M (Aug 27 2024)
Last sale anchor
$14.96M
Aug 27 2024
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
$460 / 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
$78,394
Tax year 2023
Assessed value
$10,687,600
Assessed 2024
Previous assessed
$10,726,900
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,304,000
Assessed improvement
$5,383,600
Land market value
$5,304,000
Improvement market value
$5,383,600
Total market value
$10,687,600
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
2006
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
32,543 SF
Lot
4.64 ac (201,944 SF)
APN
22313558
UPID
US53-4761594
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
$9.7M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RESTAURANT
Est. value
$20.8M
MEDICAL BUILDING
Est. value
$13.1M
OFFICE BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
4.64 ac
Current owner
From public records · entity-resolved
Csim Olde Lancaster Owner LLC
Entity
Mailing address
4201 CONGRESS ST STE #170, CHARLOTTE, NC 28209-4707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 27, 2024
$14,955,000
Csim Olde Lancaster Owner LLC
Somera Lancaster Retail LLC
Special Warranty Deed
$500,000 · Cibc Bank USA
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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