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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Retail space
3231 Wilkinson Blvd Charlotte, NC 28208-5629
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5644817
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
5,900 SF
Lot
0.78 ac (34,011 SF)
Zoning code
I-2
APN
11705207
UPID
US53-5644817
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
-
HUSTLER® Hollywood (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Yongdeli Of North Carolina INC · 6 yrs held
Yongdeli Of North Carolina INC
since 2020
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
I-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+21.7%
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
$1,585,000
ML approach
$1,595,000
CAP Approach
CAP Return
Estimation
6%
$1,645,000
6.5%
$1,520,000
7%
$1,410,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,955,000
Current use
MEDICAL BUILDING
$2,380,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,765,000
Change: -10% · Conversion: Moderate
OFFICE BUILDING
$1,760,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.37M (Mar 3 2020)
Last sale anchor
$1.37M
Mar 3 2020
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
$253 / 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
$9,422
Tax year 2023
Assessed value
$1,284,500
Assessed 2024
Previous assessed
$1,329,900
-3.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$767,300
Assessed improvement
$517,200
Land market value
$767,300
Improvement market value
$517,200
Total market value
$1,284,500
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
1984
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Rooms
3
Total area
5,900 SF
Lot
0.78 ac (34,011 SF)
Zoning code
I-2
APN
11705207
UPID
US53-5644817
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NCZoning I-2 · permitted uses
I-2 · 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
$2.0M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
0.78 ac
Current owner
From public records · entity-resolved
Yongdeli Of North Carolina INC
Entity
Mailing address
913 GRAND PROVINCIAL AVE, MATTHEWS, NC 28105-1834
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 3, 2020
$1,370,000
Yongdeli Of North Carolina INC
Mike & Pat Fund LLC
Special Warranty Deed
$1,027,500 · Silver Hill Financial LLC
Nov 1, 2018
$1,075,000
Mike & Pat Fund LLC
Prestige Property Investments LLC
Special Warranty Deed
$945,600 · First Mid Bank & Trust NA
Mar 30, 2006
$1,200,000
Prestige Property Invs LLC
Mac 1 Family
Warranty Deed
$1,050,000 · Mac 1 Family LP
Jul 18, 1996
—
Mac I Family Limited
Mac I Family Lim
Quit Claim Deed
related
—
Jan 28, 1992
$85,000
Mac Family Ltd Ptnrsp I
Unknown
Grant Deed
—
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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