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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Retail space
332 Bland St Charlotte, NC 28203-4106
Entity Owned
~
Est. High Equity
Property ID
US53-5635743
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
41,904 SF
Lot
1.33 ac (58,022 SF)
Zoning code
TOD-UC
APN
7308303
UPID
US53-5635743
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
-
Ruby Sunshine Restaurant Cafe & Coffee Shop
-
KILLER COFFEE Cafe & Coffee Shop
-
The Curio Machine Resort
-
Resident Culture - South End Bar & Pub
-
El Toro Bruto Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.02M
CAP Approach
CAP
$10.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.52M
Owner & transaction history
Spa Bland Street LLC
Spa Bland Street LLC
since 2026
7 recorded transactions
Zoning & alternative use
TOD-UC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops
Zone name
Transit Oriented Development Urban Center Zoning District
General category
UNKNOWN
Zone area
473.41 ac
Source
Realmo
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
$10,015,000
CAP Approach
CAP Return
Estimation
6%
$11,695,000
6.5%
$10,795,000
7%
$10,025,000
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±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
$203 / 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
$133,868
Tax year 2023
Assessed value
$18,250,600
Assessed 2024
Previous assessed
$18,312,100
-0.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$12,250,000
Assessed improvement
$6,000,600
Land market value
$12,250,000
Improvement market value
$6,000,600
Total market value
$18,250,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
41,904 SF
Lot
1.33 ac (58,022 SF)
Zoning code
TOD-UC
APN
7308303
UPID
US53-5635743
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-UC · Charlotte, NCZoning TOD-UC · permitted uses
TOD-UC · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops
Zone name
Transit Oriented Development Urban Center Zoning District
General category
UNKNOWN
Zone area
473.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Spa Bland Street LLC
Entity
Mailing address
532 GOVERNOR MORRISON ST STE #201, CHARLOTTE, NC 28211-3372
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
—
Spa Bland Street LLC
Ferncroft 332 LLC
Special Warranty Deed
—
Oct 26, 2022
—
Ferncroft 332 LLC
—
Deed
related
—
Oct 21, 2022
—
Spa Bland Street LLC
—
Deed
related
$10,000,000 · South State Bank NA
Jun 6, 2022
—
Ferncroft 332 LLC
332 West Bland Street LLC
Deed
—
Jun 6, 2022
$24,000,000
Ferncroft 332 LLC
332 West Bland Street LLC
Special Warranty Deed
—
Oct 1, 2019
—
332 West Bland Street LLC
—
Deed
related
$10,700,000 · Latitude Management Real Estate Capital
Apr 30, 2018
—
West Bland Street LLC
332 West Bland Street LLC
Quit Claim Deed
related
—
Nov 15, 2017
—
332 West Bland Street LLC
Bob Poffenbarger LLC
Quit Claim Deed
—
Nov 15, 2017
$4,250,000
332 West Bland Street LLC
Bob Poffenbarger LLC
Warranty Deed
—
Jul 7, 2010
$60,000
Bob Poffenbarger LLC
Wepak Corp
Grant Deed
—
Oct 30, 2007
$1,200,000
Bob Poffenbarger LLC
Poffenbarger & Associates INC
Grant Deed
$1,000,000 · Poffenbarger & Associates INC
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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