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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Strip malls
2115 Arbors Dr, Charlotte, NC 28262-2565
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0738492
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
12,886 SF
Lot
1.29 ac (56,062 SF)
Zoning code
MUDDO
APN
2901136
UPID
US53-0738492
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
-
9Round Kickboxing Gym & Fitness Center
-
Arbor smoke shop (Bike/Boat/Book/etc) Store
-
European Wax Center Spa & Massage Center Skin Care Clinic
-
JV Nails spa Nail Salon
-
Peño Mediterranean Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Wf Mallard Arbors I LLC · 7 yrs held
Wf Mallard Arbors I LLC
since 2018
7 recorded transactions
Zoning & alternative use
MUDDO · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+8.4%
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%
$4,145,000
6.5%
$3,825,000
7%
$3,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,850,000
Current use
RETAIL STORES
$4,175,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,360,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$3,250,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±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
$215 / 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
$36,692
Tax year 2023
Assessed value
$5,002,300
Assessed 2024
Previous assessed
$5,002,300
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,572,200
Assessed improvement
$3,430,100
Land market value
$1,572,200
Improvement market value
$3,430,100
Total market value
$5,002,300
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
2005
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
12,886 SF
Lot
1.29 ac (56,062 SF)
Zoning code
MUDDO
APN
2901136
UPID
US53-0738492
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDDO · Charlotte, NC
Zoning MUDDO · permitted uses
MUDDO · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
RETAIL STORES
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
STEAM
Cooling
Yes
Stories
1
Buildings
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Wf Mallard Arbors I LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10877 WILSHIRE BLVD STE 1105TH XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2019
—
Wf Mallard Arbors I LLC
—
Grant Deed
related
$97,175,000 · Miscellaneous Ins Co
Dec 12, 2018
$5,750,000
Wf Mallard Arbors I LLC
Family Trust
Grant Deed
—
Dec 12, 2018
—
Edwards Investments LLC
Barney,karol E
Grant Deed
—
Apr 4, 2017
—
Harcrow Arbors LLC
Fontana Arbors Of Mallard Creek L
Quit Claim Deed
related
—
Dec 30, 2013
—
Thora B Anderson
Blaine N & Dwight R Anderson F
Quit Claim Deed
—
Aug 1, 2013
—
Welsh Abad Arbors LLC
Abad Family Trust
Quit Claim Deed
related
—
Mar 19, 2013
—
Harshman James C & Cheryl A Trust
Harshman,james C & Cheryl A
Quit Claim Deed
related
—
Jul 2, 2010
$1,500
Abad Family Trust Two
Tic Arbors Of Mallard Creek LLC
Grant Deed
—
May 27, 2010
—
Fontana Arbors Of Mallard Creek L
Fontana Andrew F 1991 Trust
Quit Claim Deed
—
Nov 25, 2009
$1,500
Tic Arbors Of Mallard Creek LLC
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Jul 30, 2007
—
Chan Trust
Chan,william & Jannet W C
Quit Claim Deed
related
—
Oct 31, 2006
$175,000
Barbara Potts
1031 Arbors Of Mallard Creek LLC
Grant Deed
—
Oct 31, 2006
$1,000,000
Karol E Barney
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$400,000
James S Wu
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$253,000
Arthur R Mills
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$222,500
William Chan
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$5,225,000
For 1031 Arbors Of Mallard Creek
Lpfc Retail LLC
Grant Deed
—
Oct 31, 2006
$214,500
Blaine N Anderson
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$344,000
James C Harshman
1031 Arbors Of Mallard Creek LLC
Grant Deed
—
Oct 31, 2006
$160,000
Wald Living Trust
1031 Arbors Of Mallard Creek LLC
Grant Deed
—
Oct 31, 2006
$428,500
Grossman Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$131,000
Abad Family Trust 2
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$442,500
Elizabeths Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$200,000
Landers Colleen B Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$382,500
Yoneyama Shin Living Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$750,000
Buchmann Max & Ruth M Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$800,000
Fontana Andrew F 1991 Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Oct 31, 2006
$375,000
Reed Family Trust
For 1031 Arbors Of Mallard Creek
Grant Deed
—
Dec 19, 2005
$1,400,000
Wellmon Family
Arbors At Mallard Creek 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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