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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Retail space
1823 Arbors Dr, Charlotte, NC 28262-2725
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-0529676
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
6,000 SF
Lot
1.66 ac (72,310 SF)
Zoning code
MUDD-O
APN
2901117
UPID
US53-0529676
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
-
MyEyeDr. Eye Care Center Contact Lenses Supplier
-
Brittney Angelo Physician
-
La Unica Mexican Restaurant Charlotte Restaurant
-
Kelci Walters, OD Physician
-
LH Nails Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Wf Arbors LLC · 9 yrs held
Wf Arbors LLC
since 2017
7 recorded transactions
Zoning & alternative use
MUDD-O · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,945,000
Current use
MEDICAL BUILDING
$2,420,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,795,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,565,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$244 / 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
$16,695
Tax year 2023
Assessed value
$2,276,000
Assessed 2024
Previous assessed
$2,573,900
-11.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,775,400
Assessed improvement
$500,600
Land market value
$1,775,400
Improvement market value
$500,600
Total market value
$2,276,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Total area
6,000 SF
Lot
1.66 ac (72,310 SF)
Zoning code
MUDD-O
APN
2901117
UPID
US53-0529676
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD-O · Charlotte, NC
Zoning MUDD-O · permitted uses
MUDD-O · 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
$1.9M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES Current
MEDICAL 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
2014
Heating
STEAM
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Wf Arbors LLC
Entity
Free & Clear · 9 yrs held
Mailing address
10877 WILSHIRE BLVD STE 11057TH XX
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
—
Wf Lake Houston LLC
—
Deed
related
$94,000,000 · Miscellaneous Ins Co
Jul 26, 2017
—
Wf Arbors LLC
—
Grant Deed
related
$94,000,000 · Miscellaneous Ins Co
Jun 23, 2017
$15,268,500
Wf Arbors LLC
Gavi The Arbors II LLC
Grant Deed
—
Aug 19, 2011
—
Gavi The Arbors III LLC
Purser Arbors LLC
Grant Deed
—
Nov 20, 2007
—
Gavi The Arbors III LLC
Purser Arbors LLC
Grant Deed
—
Mar 6, 2007
—
Purser Arbors LLC
Arbors At Mallard Creek LLC
Quit Claim Deed
—
Mar 6, 2007
$2,555,500
Gavi The Arbors III LLC
Arbors At Mallard Creek LLC
Grant Deed
—
Sep 16, 2005
—
Wellmon Family
Arbors At Mallard Creek LLC
Grant Deed
related
—
Feb 17, 2005
—
Arbors At Mallard Creek LLC
Lpfc Retail LLC
Grant Deed
—
Jan 7, 2005
$100,000
William S Mclean
Lpfc Retail LLC
Grant Deed
—
Jan 3, 2005
$1,400,000
Wellmon Family
Arbors At Mallard Creek LLC
Grant Deed
—
Dec 1, 2004
—
Lpfc Retail LLC
Arbors At Mallard Creek LLC
Grant Deed
$3,200,000 · Regions Bank
Aug 6, 2004
$1,200,000
Anna K Mcleod
Crescent Resources LLC
Grant Deed
—
Jun 15, 2004
$100,000
Arbors At Mallard Creek LLC
Crescent Resources LLC
Grant Deed
$798,063 · Regions Bank
Aug 19, 2003
$5,327,000
Pulte Home Corp
First Colony Bank
Grant Deed
—
Jun 19, 2003
$685,000
Charles M Blankenship
Crescent Resources LLC
Grant Deed
—
Jun 19, 2003
$5,391,000
First Colony Corp
Crescent Resources LLC
Grant Deed
related
$4,700,291 · Crescent Resources LLC
—
—
Wf Lake Houston LLC
—
Loan Modification
related
$94,000,000 · Miscellaneous Ins Co
—
—
Gavi The Arbors II LLC
—
Deed Of Trust
related
$9,200,000 · J P Morgan Chase Bank
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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