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Property profile & analytics
OFF-MARKET
Estimated value
$33,055,000
Strip malls
3126 Milton Rd, Charlotte, NC 28215-3778
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3936682
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
181,783 SF
Lot
15.98 ac (696,002 SF)
APN
9923102
UPID
US53-3936682
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
-
Med.ish Laser Spa and WeightLoss: Charlotte's Most Affordable Semaglutide and Tirzepatide $275 Per Month Weight Loss Service Facial Spa
-
Mary Maracle Sutton - Therapist Psychotherapist
-
Kareem Puranda Counselor Practitioner Service Location
-
Resolute Charlotte Inc. Charitable Organization Social Service Agency
-
Chris Hallberg - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$30.95M
Blend (final)
Blend
$33.06M
Owner & transaction history
Sharon Pointe Noah LLC · 1 yrs held
Sharon Pointe Noah LLC
since 2025
Last sale
$34.5M
7 recorded transactions
Zoning & alternative use
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
$32,280,000
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
$54,340,000
Current use
AUTO REPAIR, GARAGE
$47,370,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$33.06M
Range $29.75M – $36.36M · ±10% · vs last sale $34.50M (Mar 21 2025)
Last sale anchor
$34.50M
Mar 21 2025
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
$182 / 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
$155,164
Tax year 2023
Assessed value
$21,153,900
Assessed 2024
Previous assessed
$21,153,900
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,303,000
Assessed improvement
$16,850,900
Land market value
$4,303,000
Improvement market value
$16,850,900
Total market value
$21,153,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
1
Units
1
Total area
181,783 SF
Lot
15.98 ac (696,002 SF)
APN
9923102
UPID
US53-3936682
Jurisdiction
MECKLENBURG
Zoning & alternative use
Zoning · permitted uses
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$54.3M
AUTO REPAIR, GARAGE
Est. value
$47.4M
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
9
Units
1
Lot
15.98 ac
Current owner
From public records · entity-resolved
Sharon Pointe Noah LLC
Entity
Mailing address
1800 CAMDEN RD STE #107, CHARLOTTE, NC 28203-0001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$34,500,000
Sharon Pointe Noah LLC
Sharon Pointe Owner LLC
Special Warranty Deed
$19,102,000 · Berkeley Point Capital LLC
Feb 15, 2022
—
Sharon Pointe Owner LLC
—
Deed
related
$1,834,000 · Pgim Real Estate Agency Financing LLC
Dec 17, 2020
—
East Town Market Nc LLC
—
Deed
related
$8,000,000 · Bvb-nc LLC
Sep 23, 2020
—
East Town Market Nc LLC
—
Deed
related
$2,000,000 · Sterling Mtg Income Fund Ltd
Sep 27, 2017
$13,000,000
East Town Market Nc LLC
East Town Market LP
Grant Deed
$8,000,000 · Bvb-nc LLC
Sep 27, 2017
—
East Town Market Nc LLC
East Town Market L P
Intrafamily Transfer
related
—
—
—
East Town Market Nc LLC
—
Loan Modification
related
$2,000,000 · Sterling Mtg Income Fund Ltd
—
—
East Town Market Nc LLC
—
Loan Modification
related
$8,000,000 · Bvb-nc 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.
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