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Property profile & analytics
OFF-MARKET
Estimated value
$7,265,000
Strip malls
5618 Albemarle Rd, Charlotte, NC 28212-1693
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-5790507
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
49,368 SF
Lot
5.02 ac (218,497 SF)
Zoning code
B1CD
APN
13305107B
UPID
US53-5790507
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
-
Maternity Dresses Store Clothing & Fashion Store
-
Total By Verizon Mobile Phone Store Electronics & Wireless Store
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
-
Prestige Staffing LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.27M
Owner & transaction history
MELCHOR DTP CHARLOTTE LLC
MELCHOR DTP CHARLOTTE LLC
Zoning & alternative use
B1CD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$147 / 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
$58,019
Tax year 2023
Assessed value
$7,909,900
Assessed 2024
Previous assessed
$8,076,200
-2.1% YoY
Effective rate
0.73%
On assessed value
Assessed improvement
$7,909,900
Improvement market value
$7,909,900
Total market value
$7,909,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
49,368 SF
Lot
5.02 ac (218,497 SF)
Zoning code
B1CD
APN
13305107B
UPID
US53-5790507
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1CD · Charlotte, NC
Zoning B1CD · permitted uses
B1CD · 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.
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
MELCHOR DTP CHARLOTTE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
711 CENTRAL AVE, CHARLOTTE, NC 28204-2037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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