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Property profile & analytics
OFF-MARKET
Estimated value
$48,060,000
Retail space
650 Brooklyn Vlg Ave Charlotte, NC 28202-3400
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-5674446
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
322,006 SF
Lot
2.64 ac (114,998 SF)
Zoning code
UMUD
APN
12517102
UPID
US53-5674446
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.06M
Owner & transaction history
650 Stonewall LLC · 9 yrs held
650 Stonewall LLC
since 2017
6 recorded transactions
Zoning & alternative use
UMUD · 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
$149 / 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
$661,540
Tax year 2023
Assessed value
$90,189,500
Assessed 2024
Previous assessed
$90,273,200
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$21,422,100
Assessed improvement
$68,767,400
Land market value
$21,422,100
Improvement market value
$68,767,400
Total market value
$90,189,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Heating
STEAM
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
1
Total area
322,006 SF
Lot
2.64 ac (114,998 SF)
Zoning code
UMUD
APN
12517102
UPID
US53-5674446
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD · Charlotte, NC
Zoning UMUD · permitted uses
UMUD · 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
2017
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
650 Stonewall LLC
Entity
Free & Clear · 9 yrs held
Mailing address
929 W ADAMS ST, CHICAGO, IL 60607-3021
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
650 Stonewall LLC
—
Deed
related
$46,500,000 · Miscellaneous Ins Co
Jan 17, 2017
—
650 Stonewall LLC
Wedgewood Properties LLC
Quit Claim Deed
related
—
Jan 17, 2017
$4,500,000
650 Stonewall LLC
Wedgewood Properties LLC
Grant Deed
—
Sep 17, 2007
$252,500
City Of Charlotte
Wedgewood Properties LLC
Warranty Deed
—
Jan 8, 1999
—
Bradford Trust Company
Nationsbank,nati
Grant Deed
related
—
—
—
650 Stonewall LLC
—
Loan Modification
related
$46,500,000 · Miscellaneous Ins 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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