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Property profile & analytics
FOR LEASE
Strip malls
8535 Hankins Rd, Charlotte, NC 28269
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0867502
For Lease
1 / 2
$1,870,000
8535 Hankins Rd, Charlotte, NC 28269
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
10,304 SF
Lot
1.01 ac (43,952 SF)
Zoning code
I-1
APN
2501303
UPID
US53-0867502
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
-
Philly Corner Restaurant
-
Gems and Bodied Dental Office
-
Atlantic Residential Realty Property Management Company
-
Plush Blooms of Charlotte (Bike/Boat/Book/etc) Store Florist
-
Thee House of nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.87M
Owner & transaction history
Shoppes At Lakeview LLC · 1 yrs held
Shoppes At Lakeview LLC
since 2024
Last sale
$1.9M
1 recorded transaction
Zoning & alternative use
I-1 · 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
Method
Estimation
Statistic approach
$1,870,000
ML approach
$1,870,000
CAP Approach
CAP Return
Estimation
6%
$2,745,000
6.5%
$2,535,000
7%
$2,355,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,080,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.87M (Sep 20 2024)
Last sale anchor
$1.87M
Sep 20 2024
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
$181 / 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
$11,278
Tax year 2023
Assessed value
$1,537,500
Assessed 2024
Previous assessed
$1,537,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$656,200
Assessed improvement
$881,300
Land market value
$656,200
Improvement market value
$881,300
Total market value
$1,537,500
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
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
7
Total area
10,304 SF
Lot
1.01 ac (43,952 SF)
Zoning code
I-1
APN
2501303
UPID
US53-0867502
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
1.01 ac
Current owner
From public records · entity-resolved
Shoppes At Lakeview LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2929 PO BOX 77524TH RD, CHARLOTTE, NC 28271-7012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 20, 2024
$1,870,000
Shoppes At Lakeview LLC
Shops At Lakeview LLC
Special Warranty Deed
—
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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