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Property profile & analytics
OFF-MARKET
Estimated value
$7,575,000
Strip malls
5706 Wyalong Dr Charlotte, NC 28227-7843
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0459222
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
65,097 SF
Lot
7.98 ac (347,435 SF)
Zoning code
NS
APN
19304368
UPID
US53-0459222
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
-
Harris Teeter Money Services Bank Credit Union
-
Western Union Bank Credit Union
-
higi Physician
-
PNC Bank ATM Atm
-
Harris Teeter Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.58M
Owner & transaction history
Mintworth Commons Holdings LLC · 3 yrs held
Mintworth Commons Holdings LLC
since 2023
4 recorded transactions
Zoning & alternative use
NS · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Neighborhood Services District (NS) is to encourage and accommodate the development and continued existence of mixed use districts, which provide a focus for neighborhood retail and service activities
Zone name
Neighborhood Services District
General category
MIXED_USE
Zone area
738.10 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±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
$116 / 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
$64,987
Tax year 2023
Assessed value
$8,859,800
Assessed 2024
Previous assessed
$9,998,800
-11.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,377,200
Assessed improvement
$6,482,600
Land market value
$2,377,200
Improvement market value
$6,482,600
Total market value
$8,859,800
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
2006
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
65,097 SF
Lot
7.98 ac (347,435 SF)
Zoning code
NS
APN
19304368
UPID
US53-0459222
Jurisdiction
MECKLENBURG
Zoning & alternative use
NS · Charlotte, NCZoning NS · permitted uses
NS · 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 Neighborhood Services District (NS) is to encourage and accommodate the development and continued existence of mixed use districts, which provide a focus for neighborhood retail and service activities
Zone name
Neighborhood Services District
General category
MIXED_USE
Zone area
738.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.98 ac
Current owner
From public records · entity-resolved
Mintworth Commons Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1201 EDWARDS ML RD STE #300, RALEIGH, NC 27607-3625
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
Mintworth Commons Holdings LLC
Pratik Desai
Warranty Deed
—
Aug 12, 2020
$6,950,000
Pratik Desai
Bbr Mintworth LLC
Special Warranty Deed
$5,560,000 · Select Bank & Trust Co
May 20, 2016
$7,000,000
Bbr Mintworth LLC
Mintworth Dei LLC
Special Warranty Deed
$5,000,000 · Marthas Vineyard Savings Bank
Aug 14, 2006
$8,775,000
Mintworth Dei LLC
Mintworth Commons LLC
Grant Deed
related
$2,300,000 · Equitrust Life Insurance Co
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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