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Property profile & analytics
FOR LEASE
Strip malls
8420 University City Blvd, Charlotte, NC 28213
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1136899
For Lease
1 / 2
$5,265,000
8420 University City Blvd, Charlotte, NC 28213
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2021
Total area
7,969 SF
Lot
2.74 ac (119,485 SF)
Zoning code
B-1SCD
APN
4928211
UPID
US53-1136899
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
-
U.S. Bank Branch Bank Loan Service
-
Orangetheory Fitness Gym & Fitness Center
-
Starbucks Cafe & Coffee Shop
-
Commons At Chancellor Park Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$5.27M
Owner & transaction history
Buena Vista Charlotte LLC · 3 yrs held
Buena Vista Charlotte LLC
since 2022
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
B-1SCD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+131.1%
Restaurant
$5.1M
+113.8%
Medical building
$3.2M
+34.8%
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
$5,365,000
ML approach
$5,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,505,000
Change: +131% · Conversion: Easy
RESTAURANT
$5,095,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$3,210,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$5.27M
Range $4.74M – $5.79M · ±10% · vs last sale $5.21M (Aug 16 2022)
Last sale anchor
$5.21M
Aug 16 2022
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
$661 / 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
$37,103
Tax year 2023
Assessed value
$5,058,400
Assessed 2024
Previous assessed
$5,185,000
-2.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,881,700
Assessed improvement
$1,176,700
Land market value
$3,881,700
Improvement market value
$1,176,700
Total market value
$5,058,400
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
For Lease
Year built
2021
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,969 SF
Lot
2.74 ac (119,485 SF)
Zoning code
B-1SCD
APN
4928211
UPID
US53-1136899
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1SCD · Charlotte, NC
Zoning B-1SCD · permitted uses
B-1SCD · 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
COMMERCIAL (GENERAL)
Est. value
$5.5M
RESTAURANT
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2021
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Buena Vista Charlotte LLC
Entity
Mailing address
221 AVE I STE 300TH REDONDO BCH XX
Ownership since
2022
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
Aug 16, 2022
$5,205,000
Buena Vista Charlotte LLC
Charlotte Retail Management LLC
Special Warranty Deed
$3,500,000 · Enterprise Bank
Jan 31, 2022
—
Charlotte Retail Management LLC
—
Deed
related
$3,380,000 · Flagstar Bank Fsb
Nov 12, 2021
—
Starbucks Corporation
Charlotte Retail Management LLC
Lease
—
Aug 19, 2019
$1,500,000
Charlotte Retail Manaquement LLC
O Charleys LLC
Special Warranty Deed
$4,128,000 · Flagstar Bank Fsb
Feb 18, 1998
$2,400,000
Ic Finance LLC
Ic Finance LLC
Grant Deed
related
—
Jun 24, 1993
$460,000
Carolina Restaurant
Unknown
Grant Deed
—
—
—
Ocharleys LLC
—
Deed Of Trust
related
$165,000,000 · Wells Fargo Capital Finance
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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