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Property profile & analytics
OFF-MARKET
Estimated value
$5,025,000
Strip malls
809 Arrowood Rd, Charlotte, NC 28217-5820
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-0838373
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
33,212 SF
Lot
3.09 ac (134,818 SF)
Zoning code
UR-2(CD)
APN
20523107
UPID
US53-0838373
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
-
Peake Improvement & Construction LLC Roofing Company General Contractor
-
Red Tag Fabric Inc (Bike/Boat/Book/etc) Store
-
European Nails by NV Nail Salon
-
Suave the barber Barber Shop
-
Detailing World Charlotte Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.03M
Owner & transaction history
Donlou Capital LLC · 6 yrs held
Donlou Capital LLC
since 2019
7 recorded transactions
Zoning & alternative use
UR-2(CD) · 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
$151 / 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
$37,648
Tax year 2023
Assessed value
$5,132,700
Assessed 2024
Previous assessed
$5,188,600
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,926,000
Assessed improvement
$3,206,700
Land market value
$1,926,000
Improvement market value
$3,206,700
Total market value
$5,132,700
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
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
33,212 SF
Lot
3.09 ac (134,818 SF)
Zoning code
UR-2(CD)
APN
20523107
UPID
US53-0838373
Jurisdiction
MECKLENBURG
Zoning & alternative use
UR-2(CD) · Charlotte, NC
Zoning UR-2(CD) · permitted uses
UR-2(CD) · 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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.09 ac
Current owner
From public records · entity-resolved
Donlou Capital LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 78281, CHARLOTTE, NC 28271-7029
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Finch Capital LLC
—
Deed
related
$1,700,000 · First Bank
Mar 17, 2020
—
Donlou Capital LLC
—
Deed
related
$1,700,000 · Atlantic Union Bk
Jul 12, 2019
$4,325,000
Donlou Capital LLC
Lcre Arrowood LLC
Special Warranty Deed
—
Sep 1, 2017
$2,400,000
Lcre Arrowood LLC
Victory Christian Center INC
Warranty Deed
—
Sep 22, 2010
—
Victory Christian Center INC
Victory Christian Center INC
Quit Claim Deed
$15,460,498 · Bank Of America
May 15, 2006
$1,775,000
Victory Christian Center INC
South Boulevard LP 1
Deed Of Trust
$5,000,000 · Bank Of America
Apr 28, 1989
$75,000
South Blvd Limited
Unknown
Grant Deed
—
—
—
Donlou Capital LLC
—
Deed Of Trust
related
$1,700,000 · Atlantic Union Bk
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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