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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Retail space
8124 Blair Rd Mint Hill, NC 28227-7634
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-5773356
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
37,224 SF
Lot
5.55 ac (241,714 SF)
Zoning code
IGCUD
APN
13901153
UPID
US53-5773356
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
$3.95M
Owner & transaction history
Whitley Commons LLC · 13 yrs held
Whitley Commons LLC
since 2013
7 recorded transactions
Zoning & alternative use
IGCUD · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
PowerPoint Presentation
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 Mint Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mint Hill 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
$106 / 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
$26,535
Tax year 2023
Assessed value
$3,801,000
Assessed 2024
Previous assessed
$4,013,600
-5.3% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,408,100
Assessed improvement
$2,392,900
Land market value
$1,408,100
Improvement market value
$2,392,900
Total market value
$3,801,000
Applied tax rate
17.0000
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
37,224 SF
Lot
5.55 ac (241,714 SF)
Zoning code
IGCUD
APN
13901153
UPID
US53-5773356
Jurisdiction
MECKLENBURG
Zoning & alternative use
IGCUD · Mint Hill, NCZoning IGCUD · permitted uses
IGCUD · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
PowerPoint Presentation
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
5.55 ac
Current owner
From public records · entity-resolved
Whitley Commons LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2390 MCDONALD AVE, BROOKLYN, NY 11223-4740
Ownership since
2013
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
Jul 15, 2021
—
Whitley Commons LLC
—
Deed
related
$2,850,000 · Ameris Bank
May 31, 2016
—
Whitley Commons LLC
—
Deed
related
$2,300,000 · Branch Bk&tr
May 14, 2013
$3,040,000
Whitley Commons LLC
Genesis 2006 Properties LLC
Grant Deed
—
May 26, 2006
$3,050,000
Genesis 2006 Properties LLC
Fex Associates
Warranty Deed
$2,520,000 · Deutsche Bank Mtg Cap LLC
Feb 28, 2006
$2,900,000
Fex Associates
Whitley Commons
Warranty Deed
$312,734 · Whitley Commons LP
Aug 13, 1999
$2,630,000
Rocky Mount Lt Sportsworld
Mh Associates Lt
Grant Deed
—
—
—
Whitley Commons LLC
—
Deed Of Trust
related
$2,300,000 · Branch Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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