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Property profile & analytics
OFF-MARKET
Estimated value
$12,925,000
Auto shops
5033 Ss Blvd, Charlotte, NC 28217-2740
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5756914
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1984
Total area
42,482 SF
Lot
4.17 ac (181,515 SF)
Zoning code
B2
APN
17105209
UPID
US53-5756914
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
-
The Grit Haus - Gym in Charlotte, NC Gym & Fitness Center
-
Uptown Cheapskate South End Thrift Store Used Clothing Store
-
Fern & Ivy Hair Haus Hair Salon
-
Integral Performance Training Gym & Fitness Center
-
Fabulash Charlotte Eyelash Extensions Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.83M
Blend (final)
Blend
$12.93M
Owner & transaction history
Abi Madison Corners LLC · 2 yrs held
Abi Madison Corners LLC
since 2023
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
B2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.0M
+71.2%
Medical building
$17.1M
+54.7%
Retail stores
$16.1M
+45.5%
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 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
$15,505,000
ML approach
$10,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,070,000
Current use
OFFICE BUILDING
$18,955,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$17,120,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$16,100,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,700,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$12.93M
Range $11.63M – $14.22M · ±10% · vs last sale $14.50M (Sep 22 2023)
Last sale anchor
$14.50M
Sep 22 2023
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
$304 / 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
$56,832
Tax year 2023
Assessed value
$7,748,100
Assessed 2024
Previous assessed
$7,902,600
-2.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,471,100
Assessed improvement
$3,277,000
Land market value
$4,471,100
Improvement market value
$3,277,000
Total market value
$7,748,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
28
Total area
42,482 SF
Lot
4.17 ac (181,515 SF)
Zoning code
B2
APN
17105209
UPID
US53-5756914
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2 · Charlotte, NC
Zoning B2 · permitted uses
B2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$11.1M
OFFICE BUILDING
Est. value
$19.0M
MEDICAL BUILDING
Est. value
$17.1M
RETAIL STORES
Est. value
$16.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
28
Lot
4.17 ac
Current owner
From public records · entity-resolved
Abi Madison Corners LLC
Entity
Mailing address
200 S COLLEGE ST STE #1520, CHARLOTTE, NC 28202-2065
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$14,500,000
Abi Madison Corners LLC
Seneca Place Partners LLC
Special Warranty Deed
$5,750,000 · First Bank
Sep 22, 2023
—
Abi Madison Corners LLC
Seneca Place Partners LLC
Quit Claim Deed
related
$5,750,000 · First Bank
Sep 27, 2018
—
Seneca Place Partners LLC
Ricker,carl H JR & Janis L
Grant Deed
—
Aug 24, 2018
—
Seneca Place Partners LLC
Ricker,carl H JR & Janis L
Quit Claim Deed
related
—
Aug 24, 2018
$5,000,000
Seneca Place Partners LLC
Ricker,carl H JR & Janis L
Grant Deed
$3,392,000 · Ready Cap Structured Fin
Sep 12, 2003
$34,500
Carl H Ricker
Crosland-erwin & Associates
Grant Deed
—
Sep 12, 2003
—
Carl H Ricker
Crosland-erwin & Associates
Grant Deed
$2,621,929 · Capital Bank NA
—
—
Carl H Ricker
—
Deed Of Trust
related
$310,571 · Capital Bank NA
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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