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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail space
4001 Park Rd Charlotte, NC 28209-2275
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2116381
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
5,058 SF
Lot
0.47 ac (20,565 SF)
Zoning code
B-2(CD)
APN
17518104
UPID
US53-2116381
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
-
Petit Philippe Fine Wine - Myers Park Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
P2 Park Road Venture LLC · 5 yrs held
P2 Park Road Venture LLC
since 2021
6 recorded transactions
Zoning & alternative use
B-2(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the district is to create and protect business areas for the retailing of merchandise, the provision of professional and business services and, in some cases, wholesaling services to serve a large population, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts…
Zone name
General Business Conditional Zoning District
General category
COMMERCIAL
Zone area
468.01 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$149 / 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
$8,458
Tax year 2023
Assessed value
$1,153,100
Assessed 2024
Previous assessed
$828,300
+39.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$828,100
Assessed improvement
$325,000
Land market value
$828,100
Improvement market value
$325,000
Total market value
$1,153,100
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
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
3
Total area
5,058 SF
Lot
0.47 ac (20,565 SF)
Zoning code
B-2(CD)
APN
17518104
UPID
US53-2116381
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2(CD) · Charlotte, NCZoning B-2(CD) · permitted uses
B-2(CD) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the district is to create and protect business areas for the retailing of merchandise, the provision of professional and business services and, in some cases, wholesaling services to serve a large population, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
General Business Conditional Zoning District
General category
COMMERCIAL
Zone area
468.01 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
P2 Park Road Venture LLC
Entity
Mailing address
4001 PARK RD, CHARLOTTE, NC 28209-2275
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 7, 2024
—
P2 Park Road Venture LLC
—
Deed
related
$138,000 · Business Expansion Funding Corporation A
Sep 13, 2023
—
P2 Park Road Venture LLC
—
Deed
related
$165,000 · Townebank
May 11, 2021
$1,750,000
P2 Park Road Venture LLC
Hawkins Park Road LLC
Special Warranty Deed
$1,375,000 · Townebank
May 11, 2021
—
P2 Park Road Venture LLC
Hawkins Park Road LLC
Deed
$1,375,000 · Townebank
Feb 28, 2012
$330,000
Hawkins Park Road LLC
Geddings,debbie
Grant Deed
—
—
—
Hawkins Park Road LLC
—
Deed Of Trust
related
$500,000 · Branch Bk&tr
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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