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Property profile & analytics
OFF-MARKET
Estimated value
$4,885,000
Strip malls
3609 Ss Blvd, Charlotte, NC 28209-2369
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2040546
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
23,000 SF
Lot
2.16 ac (94,264 SF)
Zoning code
TOD-MO
APN
14905446
UPID
US53-2040546
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
-
Sports Injury & Family Chiropractic Alternative Medicine Practice
-
Anytime Fitness Gym & Fitness Center
-
Seoul Poke Bowl Restaurant
-
GW Loso Clothing Store
-
Ski Country Outdoors (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.89M
Owner & transaction history
Lcre 3609 South Boulevard LLC · 8 yrs held
Lcre 3609 South Boulevard LLC
since 2018
6 recorded transactions
Zoning & alternative use
TOD-MO · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.5M
+8.4%
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%
$7,400,000
6.5%
$6,830,000
7%
$6,345,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,875,000
Current use
RETAIL STORES
$7,450,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,995,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.89M
Range $4.40M – $5.37M · ±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
$212 / 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
$62,138
Tax year 2023
Assessed value
$8,471,500
Assessed 2024
Previous assessed
$8,569,900
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,745,400
Assessed improvement
$1,726,100
Land market value
$6,745,400
Improvement market value
$1,726,100
Total market value
$8,471,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
20
Total area
23,000 SF
Lot
2.16 ac (94,264 SF)
Zoning code
TOD-MO
APN
14905446
UPID
US53-2040546
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-MO · Charlotte, NC
Zoning TOD-MO · permitted uses
TOD-MO · 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
$6.9M
RETAIL STORES
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
Units
1
Rooms
20
Lot
2.16 ac
Current owner
From public records · entity-resolved
Lcre 3609 South Boulevard LLC
Entity
Mailing address
440 S CHURCH ST STE #800, CHARLOTTE, NC 28202-2075
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2018
$6,850,000
Lcre 3609 South Boulevard LLC
Stamey LLC
Grant Deed
$4,625,000 · Ubtnc Com'l Fin
Jan 2, 2018
—
Lcre 3609 South Boulevard LLC
Stamey LLC
Grant Deed
—
Mar 31, 2016
$3,237,500
Stamey LLC
Player Family Associates LLC
Grant Deed
$2,800,000 · Yadkin Bk
Nov 23, 2009
—
Player Family Associates LLC
—
Deed Of Trust
related
$6,000,000 · Bank Of America
—
—
Player Family Associates LLC
—
Deed Of Trust
related
$3,000,000 · Vfc Partners 23 LLC
—
—
Player Family Associates
—
Deed Of Trust
related
$2,400,000 · Bank Of America
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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