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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Strip malls
3909 Providence S Rd Waxhaw, NC 28173-7479
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-2137048
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
14,430 SF
Lot
1.99 ac (86,684 SF)
Zoning code
CU C-3 WAXHAW
APN
06-141-007B
UPID
US53-2137048
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
-
Master Calvin Fleming Gym & Fitness Center Alternative Medicine Practice
-
Labor Of Love B. E. STRONG Medical Clinic
-
WOW Taekwondo Training Center Sports School
-
Robert Cureton Physician
-
Encompass Dance Project Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.52M
Owner & transaction history
Honey Properties INC · 18 yrs held
Honey Properties INC
since 2007
3 recorded transactions
Zoning & alternative use
CU C-3 WAXHAW · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+7.8%
Auto repair, garage
$2.3M
+4.5%
Commercial (general)
$2.3M
+3.6%
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
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
$2,190,000
Current use
OFFICE BUILDING
$2,360,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,285,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,265,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$105 / 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
$15,379
Tax year 2023
Assessed value
$1,515,300
Assessed 2023
Previous assessed
$1,515,300
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$398,000
Assessed improvement
$1,117,300
Land market value
$398,000
Improvement market value
$1,117,300
Total market value
$1,515,300
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
2005
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
14,430 SF
Lot
1.99 ac (86,684 SF)
Zoning code
CU C-3 WAXHAW
APN
06-141-007B
UPID
US53-2137048
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2005
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Honey Properties INC
Entity
Free & Clear · 18 yrs held
Mailing address
6701 FAIRVIEW RD STE C, CHARLOTTE, NC 28210-3878
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2007
$35,000
Honey Properties INC
Holevas-holton Properties LLC
Warranty Deed
—
Aug 8, 2005
—
Holevas-holton Properties LLC
—
Trustees Deed
related
$1,480,000 · Trinity Bank
Nov 18, 2004
$566,000
Holevas-holton Properties LLC
Rogers,wiley D III & Gladys M
Warranty Deed
$362,970 · Trinity Bank
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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