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Property profile & analytics
OFF-MARKET
Estimated value
$13,855,000
Grocery and convenience stores
14124 Steele Crk Rd, Charlotte, NC 28273-3968
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2539572
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2018
Total area
25,405 SF
Lot
2.35 ac (102,322 SF)
Zoning code
CC
APN
21906105
UPID
US53-2539572
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
-
Sprouts Farmers Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.86M
Owner & transaction history
Afp3 Holdings LLC · 2 yrs held
Afp3 Holdings LLC
since 2024
Last sale
$13.9M
4 recorded transactions
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.6M
+113.3%
Restaurant
$16.2M
+97.3%
Medical building
$10.2M
+24.4%
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
$13,855,000
ML approach
$13,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,550,000
Change: +113% · Conversion: Easy
RESTAURANT
$16,235,000
Change: +97% · Conversion: Easy
MEDICAL BUILDING
$10,240,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$13.86M
Range $12.47M – $15.24M · ±10% · vs last sale $13.85M (Jan 3 2024)
Last sale anchor
$13.85M
Jan 3 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
$545 / 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
$35,552
Tax year 2023
Assessed value
$4,846,900
Assessed 2024
Previous assessed
$4,962,800
-2.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,311,000
Assessed improvement
$2,535,900
Land market value
$2,311,000
Improvement market value
$2,535,900
Total market value
$4,846,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
25,405 SF
Lot
2.35 ac (102,322 SF)
Zoning code
CC
APN
21906105
UPID
US53-2539572
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$17.6M
RESTAURANT
Est. value
$16.2M
MEDICAL BUILDING
Est. value
$10.2M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Afp3 Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2708 FOOTHILL BLVD #318, LA CRESCENTA, CA 91214-3516
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$13,853,000
Afp3 Holdings LLC
Boos Sm Charlotte LLC
Special Warranty Deed
—
Feb 23, 2023
$5,485,000
Boos Sm Charlotte LLC
Rgop 2 LLC
Special Warranty Deed
$8,481,000 · Vast Bank NA
Apr 17, 2017
—
Rgop 2 LLC
Steele Creek 1997 LLC
Grant Deed
—
Apr 24, 2008
$760,000
Steele Creek 1997
Reynolds,william E & Jane L
Grant 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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