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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Retail space
2825 Central Ave Charlotte, NC 28205-5359
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1078509
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
7,880 SF
Lot
0.25 ac (11,002 SF)
Zoning code
B-1
APN
9509320
UPID
US53-1078509
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
-
felia hair styles (natural hair care specialist/braider) Hair Salon
-
balageru mart - Ethiopian Grocery store Grocery & Convenience Store Food Market
-
All African Hair Braiding & Weaving Center Hair Salon
-
Afro-American Braid Hair Salon Hair Salon Nail Salon
-
cynnscreationz Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.40M
Owner & transaction history
Mecklenburg County · 1 yrs held
Mecklenburg County
since 2024
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
B-1 · 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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,145,000
Current use
OFFICE BUILDING
$2,065,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,055,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Nov 14 2024)
Last sale anchor
$1.40M
Nov 14 2024
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
$178 / 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
$3,931
Tax year 2023
Assessed value
$535,900
Assessed 2024
Previous assessed
$540,100
-0.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$237,100
Assessed improvement
$298,800
Land market value
$237,100
Improvement market value
$298,800
Total market value
$535,900
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
Off-Market
Year built
1951
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
12
Total area
7,880 SF
Lot
0.25 ac (11,002 SF)
Zoning code
B-1
APN
9509320
UPID
US53-1078509
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Charlotte, NCZoning B-1 · permitted uses
B-1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES Current
OFFICE BUILDING
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
1951
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
12
Lot
0.25 ac
Current owner
From public records · entity-resolved
Mecklenburg County
Entity
Free & Clear · 1 yrs held
Mailing address
18914 HALYARD POINTE LN, CORNELIUS, NC 28031-5240
Ownership since
2024
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
Nov 14, 2024
$1,400,000
Mecklenburg County
Central Plaza LLC
Warranty Deed
—
Dec 14, 2005
—
Central Plaza LLC
Ta,nang T & Luu P
Grant Deed
—
May 19, 1997
—
Luu Pham Ta
Ta,luu Pham
Quit Claim Deed
related
—
—
—
Central Plaza LLC
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co
—
—
Central Plaza LLC
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co
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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