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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Office buildings
400 Broome St Waxhaw, NC 28173-7032
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-0790379
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
3,973 SF
Lot
0.34 ac (15,028 SF)
Zoning code
TC WAXHAW
APN
05-113-052
UPID
US53-0790379
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 Psychological Services Physician Medical Clinic
-
Cox Law Firm, PLLC Law Firm
-
The Crated Cork Company Specialty Food Shop Wine and Liquor Store
-
Waxhaw Speech, Language and Learning - Dr. Christine Somma Physician
-
Felicia Friesen, MA, LPCS Counselor Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$910k
Owner & transaction history
Broome Street LLC · 12 yrs held
Broome Street LLC
since 2014
5 recorded transactions
Zoning & alternative use
TC WAXHAW · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+69.5%
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%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
RETAIL STORES
$1,100,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$630,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$229 / 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
$7,102
Tax year 2023
Assessed value
$699,800
Assessed 2023
Previous assessed
$699,800
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$120,800
Assessed improvement
$579,000
Land market value
$120,800
Improvement market value
$579,000
Total market value
$699,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Stories
2
Rooms
8
Total area
3,973 SF
Lot
0.34 ac (15,028 SF)
Zoning code
TC WAXHAW
APN
05-113-052
UPID
US53-0790379
Jurisdiction
UNION
Zoning & alternative use
TC WAXHAW · Waxhaw, NCZoning TC WAXHAW · permitted uses
TC WAXHAW · Waxhaw, 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
OFFICE BUILDING Current
Est. value
$650,000
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
WOOD
Heating
YES
Stories
2
Rooms
8
Lot
0.34 ac
Current owner
From public records · entity-resolved
Broome Street LLC
Entity
Mailing address
400 N BROOME ST STE #400, WAXHAW, NC 28173-7033
Ownership since
2014
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 5, 2014
—
Broome Street LLC
Commercial Loan Solutions III LLC
Quit Claim Deed
related
$249,900 · North State Bank
Jan 16, 2014
$495,000
Commercial Loan Solutions III
Substitute Te Svcs INC
Trustees Deed
related
—
Oct 21, 2005
$94,500
Broome Street LLC
Nr Associates
Warranty Deed
—
—
—
Broome Street LLC
—
Deed Of Trust
related
$564,738 · Lapointe Trust (pt)
—
—
Broome Street LLC
—
Deed Of Trust
related
$1,000,000 · Lapointe Trust (pt)
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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