Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Retail space
1425 Central Ave Charlotte, NC 28205-5004
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0535094
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
18,998 SF
Lot
0.43 ac (18,534 SF)
Zoning code
B2
APN
8117509
UPID
US53-0535094
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
-
The QC Realtor Real Estate Agency
-
Tom White - RE/MAX Metro Realty Real Estate Agency
-
RE/MAX Metro Realty Real Estate Agency
-
Kim Parker RE/MAX Metro Realty Real Estate Agency
-
The Nook Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$3.36M
Owner & transaction history
Mission Ctrl Venture One LLC · 14 yrs held
Mission Ctrl Venture One LLC
since 2012
6 recorded transactions
Zoning & alternative use
B2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,170,000
Current use
OFFICE BUILDING
$4,980,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,950,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±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
$177 / 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
$32,718
Tax year 2023
Assessed value
$4,460,500
Assessed 2024
Previous assessed
$4,465,300
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,625,800
Assessed improvement
$2,834,700
Land market value
$1,625,800
Improvement market value
$2,834,700
Total market value
$4,460,500
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
2013
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
18,998 SF
Lot
0.43 ac (18,534 SF)
Zoning code
B2
APN
8117509
UPID
US53-0535094
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2 · Charlotte, NC
Zoning B2 · permitted uses
B2 · 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
RETAIL STORES Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES Current
OFFICE BUILDING
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Mission Ctrl Venture One LLC
Entity
Free & Clear · 14 yrs held
Mailing address
338 S SHARON AMITY RD STE #510, CHARLOTTE, NC 28211-2806
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2017
—
Mission Ctrl Venture One LLC
—
Deed
related
$3,705,000 · Pinnacle Bk
Jul 19, 2012
—
Mission Ctrl Venture One LLC
—
Trustees Deed
related
$1,650,000 · Bank Of Ozark
Feb 9, 2012
$400,000
Mission Ctrl Venture One LLC
Rudolph Moore Props II LLC
Warranty Deed
—
Aug 13, 2008
$425,000
Rudolph Moore Props II LLC
Squires Realty INC
Warranty Deed
$340,000 · Park Sterling Bank
—
—
Mission Ctrl Venture One LLC
—
Loan Modification
related
$1,650,000 · Bank Of The Ozarks
—
—
Mission Ctrl Venture One LLC
—
Deed Of Trust
related
$3,705,000 · Pinnacle Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1425 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
