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Property profile & analytics
OFF-MARKET
Estimated value
$2,915,000
Strip malls
3901 Providence Rd Ss Waxhaw, NC 28173-7377
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1441820
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
9,514 SF
Lot
3.56 ac (155,074 SF)
Zoning code
CU C-3 WAXHAW
APN
06-141-008
UPID
US53-1441820
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
-
Waxhaw Escape Arcade & Gaming Center
-
9ROUND Gym & Fitness Center
-
Waxhaw Irrigation General Contractor Construction Company
-
Elite Design & Print Company (Bike/Boat/Book/etc) Store Printing Service
-
Hacienda El Rey Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.92M
Owner & transaction history
312 N Charlotte Avenue LLC · 1 yrs held
312 N Charlotte Avenue LLC
since 2025
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
CU C-3 WAXHAW · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+140.9%
Retail stores
$2.6M
+82.6%
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 Waxhaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waxhaw 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
$2,845,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
RESTAURANT
$3,475,000
Change: +141% · Conversion: Difficult
RETAIL STORES
$2,635,000
Change: +83% · Conversion: Easy
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±10% · vs last sale $3.00M (Jan 28 2025)
Last sale anchor
$3.00M
Jan 28 2025
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
$306 / 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
$26,054
Tax year 2023
Assessed value
$2,567,100
Assessed 2023
Previous assessed
$2,567,100
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$712,000
Assessed improvement
$1,855,100
Land market value
$712,000
Improvement market value
$1,855,100
Total market value
$2,567,100
Applied tax rate
528.0000
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
2004
Heating
YES
Buildings
2
Stories
1
Rooms
5
Total area
9,514 SF
Lot
3.56 ac (155,074 SF)
Zoning code
CU C-3 WAXHAW
APN
06-141-008
UPID
US53-1441820
Jurisdiction
UNION
Zoning & alternative use
CU C-3 WAXHAW · Waxhaw, NC
Zoning CU C-3 WAXHAW · permitted uses
CU C-3 WAXHAW · Waxhaw, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waxhaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$2.6M
RESTAURANT
RETAIL STORES
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
2004
Heating
YES
Stories
1
Buildings
2
Rooms
5
Lot
3.56 ac
Current owner
From public records · entity-resolved
312 N Charlotte Avenue LLC
Entity
Mailing address
PO BOX 1561, MONROE, NC 28111-1561
Ownership since
2025
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
Jan 28, 2025
$3,000,000
312 N Charlotte Avenue LLC
W3 Resource Management LLC
Warranty Deed
$280,812 · W3 Resource Management LLC
Feb 14, 2019
$3,200,000
W3 Resource Management LLC
Arnold Mills & Son LLC
Warranty Deed
$2,720,000 · Branch Bk&tr
Apr 22, 2005
—
Arnold Mills & Son LLC
—
Trustees Deed
related
$179,000 · First Charter Bank
Mar 18, 2004
—
Arnold Mills & Son LLC
Rogers,frank M
Grant 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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