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Property profile & analytics
FOR LEASE
Retail space
227 Southside Dr Charlotte, NC 28217
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0655501
For Lease
1 / 5
$10,400,000
227 Southside Dr, Charlotte, NC 28217
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Total area
46,172 SF
Lot
4.01 ac (174,588 SF)
Zoning code
I2
APN
14903107
UPID
US53-0655501
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
-
Carolina Browns Backers Gym & Fitness Center Sports Field & Court
-
Protagonist Beer - LoSo Production Facility Brewery & Distillery
-
US Mech HVAC Service General Contractor
-
JE Dunn Construction Co Construction Company
-
Hawthorn Solar Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.40M
Owner & transaction history
227 Southside Owner LLC · 5 yrs held
227 Southside Owner LLC
since 2020
5 recorded transactions
Zoning & alternative use
I2 · 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%
$12,885,000
6.5%
$11,895,000
7%
$11,045,000
Blend value · Realmo final
$10.40M
Range $9.36M – $11.44M · ±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
$225 / 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
$100,107
Tax year 2023
Assessed value
$13,647,900
Assessed 2024
Previous assessed
$14,728,700
-7.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$10,348,900
Assessed improvement
$3,299,000
Land market value
$10,348,900
Improvement market value
$3,299,000
Total market value
$13,647,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1963
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Total area
46,172 SF
Lot
4.01 ac (174,588 SF)
Zoning code
I2
APN
14903107
UPID
US53-0655501
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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.
Building & site characteristics
From public records
Year built
1963
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
4.01 ac
Current owner
From public records · entity-resolved
227 Southside Owner LLC
Entity
Mailing address
411 W PUTNAM AVE, GREENWICH, CT 06830-6261
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
—
227 Southside Owner LLC
—
Deed
related
$14,740,000 · Bank Of America NA
Dec 30, 2020
$14,500,000
227 Southside Owner LLC
Southside Assets LLC
Grant Deed
$13,050,000 · Southside Assets LLC
Sep 30, 2019
—
Piedmont Natural Gas Co INC
Wingate University
Grant Deed
—
Sep 18, 2006
—
Southside Assets LLC
Byrum Seed Co
Deed
—
Jul 11, 1997
—
Byrum Seed Company
—
Deed Of Trust
related
$1,000,000 · Colonial Financial
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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