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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Retail space
13551 Steelecroft Pkwy Charlotte, NC 28278-7563
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-2891037
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
9,260 SF
Lot
1.13 ac (49,266 SF)
Zoning code
CC
APN
19955120
UPID
US53-2891037
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
-
Luigi's Pizza Restaurant
-
Crumbl - Steele Creek Bakery Take-out & Catering
-
Adam Christopher Smigiel Dental Office
-
West Charlotte Dental Dental Office
-
WetPaint Nail Bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$2.33M
Owner & transaction history
Steelecroft Plaza LLC · 13 yrs held
Steelecroft Plaza LLC
since 2012
3 recorded transactions
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
1,676.32 ac
Source
Realmo
Top alternative use upside
Medical building
$3.7M
+24.4%
Office building
$3.4M
+11.7%
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%
$2,585,000
6.5%
$2,385,000
7%
$2,215,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,000,000
Current use
MEDICAL BUILDING
$3,730,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,350,000
Change: +12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,770,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,415,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±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
$251 / 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
$27,101
Tax year 2023
Assessed value
$3,694,800
Assessed 2024
Previous assessed
$3,981,800
-7.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,440,600
Assessed improvement
$2,254,200
Land market value
$1,440,600
Improvement market value
$2,254,200
Total market value
$3,694,800
Applied tax rate
8.0000
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
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,260 SF
Lot
1.13 ac (49,266 SF)
Zoning code
CC
APN
19955120
UPID
US53-2891037
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NCZoning CC · permitted uses
CC · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
1,676.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Steelecroft Plaza LLC
Entity
Mailing address
16532 FLINTROCK FLS LN, CHARLOTTE, NC 28278-8103
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
Dec 28, 2023
—
Steelecroft Plaza LLC
—
Deed
related
$532,406 · Townebank
Sep 10, 2012
$2,475,000
Steelecroft Plaza LLC
Steelecroft Office LLC
Special Warranty Deed
$170,000 · Branch Banking And Trust Co
Dec 15, 2005
—
Steelecroft Office LLC
Kfi
Warranty 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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