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Property profile & analytics
OFF-MARKET
Estimated value
$12,205,000
Showrooms
8215 Ikea Blvd Charlotte, NC 28262-5015
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3299062
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2010
Total area
71,998 SF
Lot
7.03 ac (306,357 SF)
Zoning code
CC
APN
4722139
UPID
US53-3299062
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
-
Furniture Row - Bedroom Furniture & Home Goods Home Decor Store
-
Furniture Row Furniture & Home Goods Home Decor Store
-
Furniture Row - Dining Furniture & Home Goods Home Decor Store
-
Denver Mattress Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.21M
Owner & transaction history
Furniture Row USA LLC · 13 yrs held
Furniture Row USA LLC
since 2013
1 recorded transaction
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
1,676.32 ac
Source
Realmo
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%
$17,820,000
6.5%
$16,450,000
7%
$15,275,000
Blend value · Realmo final
$12.21M
Range $10.98M – $13.43M · ±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
$170 / 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
$65,496
Tax year 2023
Assessed value
$8,929,200
Assessed 2024
Previous assessed
$9,084,100
-1.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,638,200
Assessed improvement
$6,291,000
Land market value
$2,638,200
Improvement market value
$6,291,000
Total market value
$8,929,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
71,998 SF
Lot
7.03 ac (306,357 SF)
Zoning code
CC
APN
4722139
UPID
US53-3299062
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NCZoning CC · permitted uses
CC · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
1,676.32 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
7.03 ac
Current owner
From public records · entity-resolved
Furniture Row USA LLC
Entity
Mailing address
5641 BROADWAY, DENVER, CO 80216-1021
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2013
—
Furniture Row USA LLC
—
Deed Of Trust
related
$110,000,000 · Us Bank NA
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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