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Property profile & analytics
OFF-MARKET
Estimated value
$4,955,000
Drug stores
1510 Sardis N Rd Charlotte, NC 28270-1408
Entity Owned
~
Est. High Equity
Property ID
US53-2560261
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Total area
14,670 SF
Lot
1.88 ac (81,806 SF)
Zoning code
R-17MF
APN
21322164
UPID
US53-2560261
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
-
Walgreens Pharmacy Pharmacy
-
USPS Drop Box Post Office
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Lena H. Patel, Lena Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.63M
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.96M
Owner & transaction history
Carolina Commercial Rentals LLC
Carolina Commercial Rentals LLC
since 2025
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
R-17MF · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.9M
+24.4%
Office building
$5.3M
+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
$6,660,000
ML approach
$6,630,000
CAP Approach
CAP Return
Estimation
6%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,750,000
Current use
MEDICAL BUILDING
$5,915,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$5,310,000
Change: +12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,385,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,825,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.96M
Range $4.46M – $5.45M · ±10% · vs last sale $4.05M (Aug 5 2025)
Last sale anchor
$4.05M
Aug 5 2025
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
$338 / 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
$39,470
Tax year 2023
Assessed value
$5,381,000
Assessed 2024
Previous assessed
$5,475,500
-1.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,525,700
Assessed improvement
$2,855,300
Land market value
$2,525,700
Improvement market value
$2,855,300
Total market value
$5,381,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
14,670 SF
Lot
1.88 ac (81,806 SF)
Zoning code
R-17MF
APN
21322164
UPID
US53-2560261
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-17MF · Charlotte, NC
Zoning R-17MF · permitted uses
R-17MF · 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
$4.8M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.8M
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
2005
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Carolina Commercial Rentals LLC
Entity
Mailing address
PO BOX 982223, PARK CITY, UT 84098-2223
Ownership since
2025
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
Nov 5, 2025
$4,050,000
Carolina Commercial Rentals LLC
Cab Group Wba Lc
Special Warranty Deed
$2,430,000 · Td Bank NA
Jul 2, 2020
$5,750,000
Cab Group Wba Lc
Whitney Sardis LLC
Grant Deed
—
Jul 2, 2020
—
Cab Group Wba L C
Whitney Sardis LLC
Deed
—
Sep 12, 2012
$5,435,000
Whitney Sardis LLC
Sardis Walgreens I LLC
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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