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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
8308 Fairview Rd, Mint Hill, NC 28227-7622
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-1184578
Property summary
AI-generated overview
This single-story, 2,182 square foot commercial building, located at 8308 Fairview Rd in Mint Hill, NC 28227, presents a unique investment opportunity. Built in 1948 and renovated in 1984, the property is classified as Class C and currently vacant, ensuring immediate occupancy for the new owner. The building sits on a 0.31-acre lot, providing ample parking. The interior features four offices, ideal for consultations or treatments, and three large storage areas adaptable to various business needs. The flexible layout makes it suitable for a range of uses, including executive offices, medical offices, or traditional office spaces. The property's location in Mint Hill offers excellent accessibility and visibility. The asking price is $700,000. The building will be vacant at closing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
2,182 SF
Lot
0.23 ac (10,055 SF)
Zoning code
BG
APN
19703145
UPID
US53-1184578
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
$630k
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$620k
Owner & transaction history
Carole Dulin · 5 yrs held
Carole Dulin
since 2020
2 recorded transactions
Zoning & alternative use
BG · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$790,000
+15.0%
Retail stores
$695,000
+1.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
MEDICAL BUILDING
$790,000
Change: +15% · Conversion: Easy
RETAIL STORES
$695,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$284 / 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
$2,239
Tax year 2023
Assessed value
$320,700
Assessed 2024
Previous assessed
$320,700
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$98,000
Assessed improvement
$222,700
Land market value
$98,000
Improvement market value
$222,700
Total market value
$320,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Total area
2,182 SF
Lot
0.23 ac (10,055 SF)
Zoning code
BG
APN
19703145
UPID
US53-1184578
Jurisdiction
MECKLENBURG
Zoning & alternative use
BG · Mint Hill, NC
Zoning BG · permitted uses
BG · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mint Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$685,000
MEDICAL BUILDING
Est. value
$790,000
RETAIL STORES
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$600,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Carole Dulin
Individual
Free & Clear · 5 yrs held
Mailing address
524 HERITAGE VW, INDIAN TRAIL, NC 28079-7703
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2020
—
Carole Dulin
Dulin Properties LLC
Quit Claim Deed
related
—
Sep 13, 2017
—
Dulin Properties LLC
Dulin,odus H & Rebecca C
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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