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Property profile & analytics
FOR LEASE
Strip malls
3250 Wilkinson Blvd, Charlotte, NC 28208
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-2895260
For Lease
1 / 6
$4,695,000
3250 Wilkinson Blvd, Charlotte, NC 28208
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Property summary
AI-generated overview
The Shops at Westerly Station, located at 3250 Wilkinson Blvd in Charlotte, NC 28208, offers exceptional retail space for lease. This prime location boasts excellent visibility along one of Charlotte's busiest thoroughfares, Wilkinson Boulevard, providing unparalleled access to a high volume of potential customers. The property consists of a 22,277 square foot retail center with two suites currently available. Each space is highly adaptable, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 4,000 square feet
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
22,677 SF
Lot
1.97 ac (85,726 SF)
Zoning code
B2
APN
6101132
UPID
US53-2895260
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
-
The Shops at Westerly Station Business Service Center Corporate Office
-
Superior Insurance/ Wilkinson Boulevard. Insurance Agency
-
Cash America Pawn Discount Store (Bike/Boat/Book/etc) Store
-
North Carolina DMV License Plate Agency Department Of Motor Vehicles
-
DTLR Clothing & Fashion Store (Bike/Boat/Book/etc) 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
$4.70M
Owner & transaction history
3250 Wilkinson Boulevard LLC · 13 yrs held
3250 Wilkinson Boulevard LLC
since 2013
4 recorded transactions
Zoning & alternative use
B2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.5M
+10.8%
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
$6,780,000
Current use
RETAIL STORES
$7,510,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$6,770,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,910,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±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
$207 / 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
$34,802
Tax year 2023
Assessed value
$4,744,600
Assessed 2024
Previous assessed
$5,284,800
-10.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,708,500
Assessed improvement
$3,036,100
Land market value
$1,708,500
Improvement market value
$3,036,100
Total market value
$4,744,600
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
2007
Heating
STEAM
Cooling
CENTRAL
Stories
1
Total area
22,677 SF
Lot
1.97 ac (85,726 SF)
Zoning code
B2
APN
6101132
UPID
US53-2895260
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2 · Charlotte, NC
Zoning B2 · permitted uses
B2 · 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
$6.8M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2007
Heating
STEAM
Cooling
Yes
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
3250 Wilkinson Boulevard LLC
Entity
Mailing address
PO BOX 161150, AUSTIN, TX 78716-1150
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
Oct 30, 2023
—
3250 Wilkinson Boulevard LLC
—
Deed
related
$2,300,000 · Civic FCU
Jun 20, 2013
$3,750,000
3250 Wilkinson Boulevard LLC
Westerly Station Partners LLC
Special Warranty Deed
$2,700,000 · Ubs Real Estates Securities INC
Apr 18, 2012
—
Westerly Station Partners LLC
—
Deed Of Trust
related
$5,625,000 · Rref Kb Acquisitions LLC
Nov 17, 2006
—
Westerly Station Ptshp LLC
Westerly Station Partners LLC
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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