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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Retail space
8611 Fairview Rd Mint Hill, NC 28227-7619
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2037384
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
2,800 SF
Lot
1.86 ac (80,934 SF)
Zoning code
I-G(CD)
APN
13901241
UPID
US53-2037384
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
$750k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$720k
Owner & transaction history
Napoli Farms Management Group LLC · 3 yrs held
Napoli Farms Management Group LLC
since 2023
Last sale
$700,000
1 recorded transaction
Zoning & alternative use
I-G(CD) · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Provides for limited industrial uses as well as retail sales and services and other compatible uses. The Conditional Zoning (CD) rezoning process allows for the establishment of certain uses that, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole.
Zone name
General Industrial Conditional
General category
INDUSTRIAL
Zone area
400.48 ac
Source
Realmo
Top alternative use upside
Medical building
$1.1M
+24.4%
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
$735,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
RETAIL STORES
$905,000
Current use
MEDICAL BUILDING
$1,130,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$730,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $700k (Jun 29 2023)
Last sale anchor
$700k
Jun 29 2023
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
$257 / 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
$3,796
Tax year 2023
Assessed value
$543,700
Assessed 2024
Previous assessed
$544,500
-0.1% YoY
Effective rate
0.70%
On assessed value
Assessed land
$459,500
Assessed improvement
$84,200
Land market value
$459,500
Improvement market value
$84,200
Total market value
$543,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
2,800 SF
Lot
1.86 ac (80,934 SF)
Zoning code
I-G(CD)
APN
13901241
UPID
US53-2037384
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-G(CD) · Mint Hill, NCZoning I-G(CD) · permitted uses
I-G(CD) · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Provides for limited industrial uses as well as retail sales and services and other compatible uses. The Conditional Zoning (CD) rezoning process allows for the establishment of certain uses that, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole.
Zone name
General Industrial Conditional
General category
INDUSTRIAL
Zone area
400.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$905,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
1946
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Napoli Farms Management Group LLC
Entity
Mailing address
6126 WILGROVE MINT HL RD, MINT HILL, NC 28227-4403
Ownership since
2023
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
Jun 29, 2023
$700,000
Napoli Farms Management Group LLC
Gene R Carriker
Warranty Deed
$540,000 · First National Bank Of Pennsylvania
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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