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Property profile & analytics
OFF-MARKET
Estimated value
$6,065,000
Strip malls
1640 Sardis N Rd, Charlotte, NC 28270-2479
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1368859
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
35,172 SF
Lot
4.78 ac (207,999 SF)
Zoning code
I1
APN
19310301
UPID
US53-1368859
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
-
Dino's Cookies Bakery Specialty Food Shop
-
Sift Bakery Bakery Specialty Food Shop
-
Rush My Passport (Bike/Boat/Book/etc) Store
-
Mezcali Mexican restaurant Restaurant
-
FedEx Office Print & Ship Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
Galleria Village Baceline LLC · 8 yrs held
Galleria Village Baceline LLC
since 2017
7 recorded transactions
Zoning & alternative use
I1 · 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
AUTO REPAIR, GARAGE
$9,165,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.07M
Range $5.46M – $6.67M · ±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
$172 / 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
$57,110
Tax year 2023
Assessed value
$7,785,900
Assessed 2024
Previous assessed
$8,080,300
-3.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,268,100
Assessed improvement
$2,517,800
Land market value
$5,268,100
Improvement market value
$2,517,800
Total market value
$7,785,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
35,172 SF
Lot
4.78 ac (207,999 SF)
Zoning code
I1
APN
19310301
UPID
US53-1368859
Jurisdiction
MECKLENBURG
Zoning & alternative use
I1 · Charlotte, NC
Zoning I1 · permitted uses
I1 · 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
AUTO REPAIR, GARAGE
Est. value
$9.2M
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.78 ac
Current owner
From public records · entity-resolved
Galleria Village Baceline LLC
Entity
Mailing address
1391 SPEER BLVD STE #800, DENVER, CO 80204-2555
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2017
$5,150,000
Galleria Village Baceline LLC
Ravid Matthews LLC
Grant Deed
—
Aug 26, 2016
$2,443,000
Guy Properties LLC
Ravid Matthews LLC
Grant Deed
—
Aug 18, 2016
$2,443,000
Guy Properties LLC
Ravid Matthews LLC
Grant Deed
—
Jan 20, 2015
—
Ravid Matthews LLC
—
Grant Deed
related
$8,400,000 · Ows Bca Funding LLC
Oct 3, 2014
$3,905,000
Ravid Matthews LLC
Bscms 2007-pwr16 Galleria Vill
Grant Deed
—
Feb 5, 2014
—
2007-pwr16 Galleria Vill Bscms
Us Bank NA 2007-pwr16
Grant Deed
—
May 25, 2012
$5,470,000
Us Bank NA 2007-pwr16
Kirk William B JR
Trustees Deed
related
—
Mar 15, 2007
$10,550,000
Galleria Village-charlotte LLC
Galleria Village LLC
Grant Deed
—
Mar 15, 2007
—
Galleria Village Charlotte LLC
Galleria Village LLC
Quit Claim Deed
related
—
—
—
Galleria Village LLC
—
Deed Of Trust
related
$4,800,000 · General Electric Capital Corp
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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