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Property profile & analytics
OFF-MARKET
Estimated value
$6,400,000
Retail space
4847 Shopton Rd Charlotte, NC 28278-6747
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5566592
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
25,412 SF
Lot
13.24 ac (576,734 SF)
Zoning code
B1
APN
19959106
UPID
US53-5566592
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
-
Shopton Dental of Charlotte Dental Office
-
Smallcakes Steele Creek Bakery Specialty Food Shop
-
OneSixty Kitchen & Cocktails Grocery & Convenience Store Food Market
-
Dr. Pushpinder Kaur Dental Office
-
Bonzai Thai Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.40M
CAP Approach
CAP
$6.55M
Comparable Approach
Comparable
$8.17M
Blend (final)
Blend
$6.40M
Owner & transaction history
Fof II Shopton Property Owner LLC · 2 yrs held
Fof II Shopton Property Owner LLC
since 2024
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
B1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.2M
+24.4%
Office building
$9.2M
+11.7%
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
$6,400,000
ML approach
$6,400,000
CAP Approach
CAP Return
Estimation
6%
$7,090,000
6.5%
$6,545,000
7%
$6,080,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,230,000
Current use
MEDICAL BUILDING
$10,240,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$9,195,000
Change: +12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,595,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,620,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.04M · ±10% · vs last sale $6.40M (Mar 18 2024)
Last sale anchor
$6.40M
Mar 18 2024
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
$252 / 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
Assessed value
$5,984,200
Assessed 2024
Previous assessed
$6,127,100
-2.3% YoY
Assessed land
$3,091,800
Assessed improvement
$2,892,400
Land market value
$3,091,800
Improvement market value
$2,892,400
Total market value
$5,984,200
Applied tax rate
18.0000
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
2009
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
25,412 SF
Lot
13.24 ac (576,734 SF)
Zoning code
B1
APN
19959106
UPID
US53-5566592
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1 · Charlotte, NCZoning B1 · permitted uses
B1 · 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
$8.2M
MEDICAL BUILDING
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
13.24 ac
Current owner
From public records · entity-resolved
Fof II Shopton Property Owner LLC
Entity
Mailing address
32301 WOODWARD AVE, ROYAL OAK, MI 48073-0946
Ownership since
2024
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
Mar 18, 2024
$6,400,000
Fof II Shopton Property Owner LLC
Food Lion LLC
Special Warranty Deed
$3,300,000 · Symetra Life Insurance Company An I
Jan 4, 2024
$6,190,000
Agree Central LLC
Boos Gw Shopton LLC
Special Warranty Deed
—
Apr 25, 2023
$595,000
Boos Gw Shopton LLC
Food Lion LLC
Special Warranty Deed
$4,824,650 · Flagship Bank
Jul 3, 2012
$5,176,000
Food Lion LLC
Shopton Sq Retail Invtrs I LLC
Grant Deed
—
Jun 2, 2008
$3,546,500
Shopton Sq Retail Invtrs I LLC
Byrum,agnes S
Warranty 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.
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