Back to Search
Property profile & analytics
FOR SALE
Retail space
3800 Brookshire Blvd Charlotte, NC 28216
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-0488174
For Sale
1 / 3
Contact for pricing
3800 Brookshire Blvd, Charlotte, NC 28216
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Total area
2,676 SF
Lot
0.78 ac (33,823 SF)
Zoning code
B-1
APN
3901216
UPID
US53-0488174
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
-
Taco truck Bellos tacos Restaurant
-
Elite Arcade Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$383k
Blend (final)
Blend
$635k
Owner & transaction history
Areia INC · 18 yrs held
Areia INC
since 2007
5 recorded transactions
Zoning & alternative use
B-1 · Charlotte, NC
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
RETAIL STORES
$845,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$695,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$237 / 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
$5,602
Tax year 2023
Assessed value
$763,700
Assessed 2024
Previous assessed
$803,300
-4.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$643,900
Assessed improvement
$119,800
Land market value
$643,900
Improvement market value
$119,800
Total market value
$763,700
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
For Sale
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Total area
2,676 SF
Lot
0.78 ac (33,823 SF)
Zoning code
B-1
APN
3901216
UPID
US53-0488174
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Charlotte, NCZoning B-1 · permitted uses
B-1 · 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
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
5
Lot
0.78 ac
Current owner
From public records · entity-resolved
Areia INC
Entity
Mailing address
6140 E INDEPENDENCE BLVD, CHARLOTTE, NC 28212-6878
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Jun 13, 2024
—
Areia INC
—
Deed
related
$600,000 · American Bank Of The Carolinas
Oct 1, 2007
$325,000
Areia INC
Amiri,siroos & Parvin
Warranty Deed
$702,500 · First Charter Bank
Nov 2, 1999
—
Siroos Amiri
—
Deed Of Trust
related
—
Nov 1, 1999
$305,000
Siroos Amiri
Katopodis,paul
Grant Deed
—
Dec 12, 1991
$360,000
Paul Katopodis
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
