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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Community centers
1201 Broome St Waxhaw, NC 28173-9379
Trust Owned
8-yr Hold
Free & Clear
Property ID
US53-1843048
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Total area
23,418 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C-3 WAXHAW
APN
06-141-045B
UPID
US53-1843048
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
-
Family Dollar (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
El Vallarta Restaurant
-
H&R Block Tax Preparation
-
Best Brains Learning Center - Waxhaw Training Center Tutoring Service
-
Second Chance Boutique by Turning Point Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.32M
Owner & transaction history
Wallace,john M III Family Trust · 8 yrs held
Wallace,john M III Family Trust
since 2018
2 recorded transactions
Zoning & alternative use
C-3 WAXHAW · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+7.8%
Auto repair, garage
$3.7M
+4.5%
Commercial (general)
$3.7M
+3.6%
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 Waxhaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waxhaw 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
NEIGHBORHOOD: SHOPPING CENTER
$3,550,000
Current use
OFFICE BUILDING
$3,825,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,710,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,680,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$99 / 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
$22,061
Tax year 2023
Assessed value
$2,173,700
Assessed 2023
Previous assessed
$2,173,700
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$214,000
Assessed improvement
$1,959,700
Land market value
$214,000
Improvement market value
$1,959,700
Total market value
$2,173,700
Applied tax rate
528.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2004
Heating
YES
Stories
1
Total area
23,418 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C-3 WAXHAW
APN
06-141-045B
UPID
US53-1843048
Jurisdiction
UNION
Zoning & alternative use
C-3 WAXHAW · Waxhaw, NC
Zoning C-3 WAXHAW · permitted uses
C-3 WAXHAW · Waxhaw, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waxhaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
YES
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Wallace,john M III Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
4201 CONGRESS ST STE #170, CHARLOTTE, NC 28209-4707
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2018
—
Wallace,john M III Family Trust
Jm Wallace Land Co LLC
Quit Claim Deed
—
Jun 30, 2008
—
Jm Wallace Land Co LLC
Wallace Independence Props LLC
Quit Claim Deed
—
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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