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Property profile & analytics
FOR LEASE
Strip malls
3039 South Blvd, Charlotte, NC 28209
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-0977123
For Lease
1 / 5
$2,625,000
3039 South Blvd, Charlotte, NC 28209
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
14,224 SF
Lot
1.19 ac (51,836 SF)
Zoning code
TOD-NC
APN
14704405
UPID
US53-0977123
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
-
Baker-Pegram Insurance Insurance Agency
-
Subway Take-out & Catering
-
Queen City's Custom Jewelers (Bike/Boat/Book/etc) Store
-
Simple Mobile Authorized Dealer Mobile Phone Store Electronics & Wireless Store
-
Page Plus Authorized Dealer Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Dta South LLC · 10 yrs held
Dta South LLC
since 2015
5 recorded transactions
Zoning & alternative use
TOD-NC · 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,250,000
Current use
AUTO REPAIR, GARAGE
$3,705,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±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
$185 / 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
$25,673
Tax year 2023
Assessed value
$3,500,000
Assessed 2024
Previous assessed
$4,987,300
-29.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,300,000
Assessed improvement
$200,000
Land market value
$3,300,000
Improvement market value
$200,000
Total market value
$3,500,000
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
For Lease
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
14,224 SF
Lot
1.19 ac (51,836 SF)
Zoning code
TOD-NC
APN
14704405
UPID
US53-0977123
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-NC · Charlotte, NC
Zoning TOD-NC · permitted uses
TOD-NC · 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
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Dta South LLC
Entity
Mailing address
1219 JERSEY LN, CHARLOTTE, NC 28209-2437
Ownership since
2015
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
Dec 29, 2016
—
Dta South LLC
—
Deed
related
$1,430,968 · South St Bk
Aug 20, 2015
$1,761,000
Dta South LLC
Tpm Props LP
Grant Deed
$1,464,600 · Branch Bk&tr
Apr 10, 2013
$1,554,000
Tpm Props LP
Greystone Plaza LLC
Warranty Deed
—
—
—
Dta South LLC
—
Deed Of Trust
related
$1,430,968 · South St Bk
—
—
Greystone Plaza LLC
—
Deed Of Trust
related
$88,642 · Craft Commercial LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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