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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Grocery and convenience stores
2526 Little Rock Rd, Charlotte, NC 28214-2720
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-0457194
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Total area
33,328 SF
Lot
2.61 ac (113,822 SF)
Zoning code
B-D
APN
5535135
UPID
US53-0457194
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
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Western Union Bank Credit Union
-
Food Lion Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$5.01M
Owner & transaction history
Charlotte Joint Venture LLC · 13 yrs held
Charlotte Joint Venture LLC
since 2013
4 recorded transactions
Zoning & alternative use
B-D · 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
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±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
$150 / 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
$25,769
Tax year 2023
Assessed value
$3,513,200
Assessed 2024
Previous assessed
$4,418,900
-20.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,322,000
Assessed improvement
$2,191,200
Land market value
$1,322,000
Improvement market value
$2,191,200
Total market value
$3,513,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1982
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
5
Total area
33,328 SF
Lot
2.61 ac (113,822 SF)
Zoning code
B-D
APN
5535135
UPID
US53-0457194
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-D · Charlotte, NC
Zoning B-D · permitted uses
B-D · 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
1982
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
5
Lot
2.61 ac
Current owner
From public records · entity-resolved
Charlotte Joint Venture LLC
Entity
Mailing address
PO BOX 1330, SALISBURY, NC 28145-1330
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2013
$1,200,000
Charlotte Joint Venture LLC
Nsp Little Rock Road LLC
Special Warranty Deed
$960,000 · Branch Banking And Trust Co
May 13, 2009
—
Nk-remainder Interest LLC
Newkirk Carolion
Grant Deed
—
May 13, 2009
$885,000
Nsp Little Rock Road LLC
Nk Remainder Interest LLC
Special Warranty Deed
$708,000 · First Trust Bank
Apr 13, 2004
—
Nk-remainder Interest LLC
Congregation Bnai Yisreal Of Arm
Quit Claim Deed
related
—
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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