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Property profile & analytics
OFF-MARKET
Estimated value
$11,140,000
Grocery and convenience stores
5818 Highland Shoppes Dr, Charlotte, NC 28269-2662
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0045395
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Total area
68,645 SF
Lot
9.54 ac (415,562 SF)
Zoning code
NS
APN
2931104
UPID
US53-0045395
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
-
Smile Savvy Cosmetic Dentistry Dental Office
-
Juicin Restaurant
-
Joya Lashan Lyons Dental Office
-
Ship on site Courier Service Postal Service
-
ShipOnSite of Highland Creek Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.14M
Owner & transaction history
Runfola Pma I LLC · 4 yrs held
Runfola Pma I LLC
since 2021
7 recorded transactions
Zoning & alternative use
NS · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,000,000
6.5%
$14,770,000
7%
$13,715,000
Blend value · Realmo final
$11.14M
Range $10.03M – $12.25M · ±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
$162 / 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
$101,086
Tax year 2023
Assessed value
$13,781,300
Assessed 2024
Previous assessed
$13,974,700
-1.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,217,000
Assessed improvement
$7,564,300
Land market value
$6,217,000
Improvement market value
$7,564,300
Total market value
$13,781,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
8
Total area
68,645 SF
Lot
9.54 ac (415,562 SF)
Zoning code
NS
APN
2931104
UPID
US53-0045395
Jurisdiction
MECKLENBURG
Zoning & alternative use
NS · Charlotte, NC
Zoning NS · permitted uses
NS · 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
2000
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
8
Lot
9.54 ac
Current owner
From public records · entity-resolved
Runfola Pma I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
560 EPSILON DR, PITTSBURGH, PA 15238-2815
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Runfola Pma I LLC
Echo Highland Creek LLC
Lease
—
Jul 20, 2015
$15,937,000
Echo Highland Creek LLC
Pacolet Milliken Ents INC
Grant Deed
—
Sep 3, 2010
$21,860
Pacolet Milliken Ents INC
Teachers Ins & Annuity Assn Of Am
Grant Deed
—
Feb 8, 2007
$12,900,000
Teachers Ins & Annuity Assn Of Am
Highland Creek Retail LLC
Grant Deed
—
Mar 12, 1999
$231,500
Nexco INC
Wallace,john Woo
Grant Deed
—
Jun 13, 1996
$524,000
Highland Creek Retail LLC
Highland,creek R
Grant Deed
related
—
—
—
Pacolet Milliken Ents INC
—
Deed Of Trust
related
$5,550,000 · Great-west Life & Annuity Ins
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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