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Property profile & analytics
OFF-MARKET
Estimated value
$8,320,000
Strip malls
2001 7th St Charlotte, NC 28204-3311
Entity Owned
~
Est. High Equity
Property ID
US53-1070411
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
16,417 SF
Lot
1.2 ac (52,098 SF)
Zoning code
NS
APN
12704502
UPID
US53-1070411
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
-
Bang Bang Burgers Restaurant
-
Sunflour Baking Company Take-out & Catering Catering Service
-
Ho Ho Cherry House Restaurant
-
Fit Kitchen Meal Prep Restaurant
-
Jersey Mike's Subs Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.41M
Blend (final)
Blend
$8.32M
Owner & transaction history
Efc Pecan Point LLC
Efc Pecan Point LLC
since 2025
Last sale
$10.5M
6 recorded transactions
Zoning & alternative use
NS · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.3M
+131.1%
Restaurant
$10.5M
+113.8%
Office building
$7.4M
+50.0%
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
COMMERCIAL (GENERAL)
$11,340,000
Change: +131% · Conversion: Easy
RESTAURANT
$10,490,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$7,360,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$6,615,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$5,315,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$8.32M
Range $7.49M – $9.15M · ±10% · vs last sale $10.50M (Jul 16 2025)
Last sale anchor
$10.50M
Jul 16 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
$507 / 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
$55,768
Tax year 2023
Assessed value
$7,603,000
Assessed 2024
Previous assessed
$7,652,500
-0.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,304,500
Assessed improvement
$3,298,500
Land market value
$4,304,500
Improvement market value
$3,298,500
Total market value
$7,603,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
12
Total area
16,417 SF
Lot
1.2 ac (52,098 SF)
Zoning code
NS
APN
12704502
UPID
US53-1070411
Jurisdiction
MECKLENBURG
Zoning & alternative use
NS · Charlotte, NC
Zoning NS · permitted uses
NS · 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
$11.3M
RESTAURANT
Est. value
$10.5M
OFFICE BUILDING
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$5.3M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
12
Lot
1.2 ac
Current owner
From public records · entity-resolved
Efc Pecan Point LLC
Entity
Mailing address
131 PROVIDENCE RD STE #105, CHARLOTTE, NC 28207-1251
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$10,500,000
Efc Pecan Point LLC
Pecan Point LLC
Special Warranty Deed
$10,100,000 · Investors Title Exchange Corporatio
Oct 16, 2025
—
Efc Pecan Point LLC
Pecan Point LLC
Warranty Deed
—
Jul 22, 2021
—
Pecan Point LLC
Efc Elizabeth LLC
Intrafamily Transfer
related
—
Nov 11, 2003
—
Pecan Point LLC
Krug,david R
Grant Deed
related
—
—
—
Pecan Point LLC
—
Deed Of Trust
related
$2,225,000 · Bank Of Commerce
—
—
Pecan Point LLC
—
Deed Of Trust
related
$2,450,000 · American Equity Inv Life Ins
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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