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Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Retail space
701 Trade St Charlotte, NC 28202-3033
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2145549
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Total area
26,820 SF
Lot
0.86 ac (37,337 SF)
Zoning code
UMUD
APN
8008401
UPID
US53-2145549
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
-
Percision Contractors Construction Company General Contractor
-
Alexander St Investors Financial Advisor
-
Cogent Communications Charlotte Telecommunications Service Data Center
-
Slaytons Inc Computer & Electronic Repair
-
Neutral Tandem Inc Telecommunications Service Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
Cadc Charlotte 701 LLC · 6 yrs held
Cadc Charlotte 701 LLC
since 2019
4 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,485,000
6.5%
$6,910,000
7%
$6,415,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,685,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,015,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,990,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±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
$205 / 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
$86,428
Tax year 2023
Assessed value
$11,783,000
Assessed 2024
Previous assessed
$11,501,600
+2.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,177,300
Assessed improvement
$6,605,700
Land market value
$5,177,300
Improvement market value
$6,605,700
Total market value
$11,783,000
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
1968
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
45
Total area
26,820 SF
Lot
0.86 ac (37,337 SF)
Zoning code
UMUD
APN
8008401
UPID
US53-2145549
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
45
Lot
0.86 ac
Current owner
From public records · entity-resolved
Cadc Charlotte 701 LLC
Entity
Mailing address
800 BOYLSTON ST, BOSTON, MA 02199-1900
Ownership since
2019
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
Dec 27, 2019
$14,925,000
Cadc Charlotte 701 LLC
Velocis Lincoln Trade LP
Special Warranty Deed
—
Aug 6, 2015
$10,000,000
Velocis Lincoln Trade LP
Alexander Street Investors LLC
Special Warranty Deed
$7,345,000 · Veritex Community Bank
Nov 9, 1998
$2,900,000
Alexander Street Investors
Equity Associate
Grant Deed
—
Aug 11, 1988
—
Equity Associates Charlott
Equity Associate
Quit Claim Deed
related
—
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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