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Property profile & analytics
OFF-MARKET
Estimated value
$5,370,000
Strip malls
901 Kings Dr Charlotte, NC 28204-2916
Entity Owned
38-yr Hold
Free & Clear
Property ID
US53-0867514
Property summary
AI-generated overview
Kings Court, located at 901 S Kings Dr in Charlotte, NC 28204, offers a fantastic opportunity for retail businesses seeking a vibrant location. This strip center boasts a total of 25,000 square feet of retail space, with multiple units currently available. Individual spaces range from a minimum of 585 square feet to a maximum contiguous space of 936 square feet, providing flexibility for various business needs. The property benefits from ample parking, with 127 spaces available for customers and employees. Its strategic location places it in a highly desirable area, centrally situated between Midtown, Myers Park, Dilworth, and Uptown Charlotte, ensuring high visibility and convenient access for a diverse customer base. This prime retail space presents a unique opportunity to establish or expand a business in a thriving and well-connected Charlotte neighborhood. The property is a neighborhood center, offering excellent exposure and accessibility. The available spaces are ideal for a variety of retail uses. Interested parties should inquire about current availability and lease terms.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
25,285 SF
Lot
2.23 ac (97,052 SF)
Zoning code
O-6(CD)
APN
12524381
UPID
US53-0867514
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
-
Great Harvest Bread Co. Bakery Specialty Food Shop
-
Run For Your Life Clothing & Fashion Store
-
Maharani Indian Cuisine Restaurant
-
Kings Court Shopping Center Shopping Center & Mall
-
Cross Conditioning Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Kings Court Associates · 38 yrs held
Kings Court Associates
since 1988
2 recorded transactions
Zoning & alternative use
O-6(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.2M
+8.4%
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 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%
$8,135,000
6.5%
$7,510,000
7%
$6,975,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,560,000
Current use
RETAIL STORES
$8,190,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,590,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.37M
Range $4.83M – $5.91M · ±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
$212 / 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
$63,622
Tax year 2023
Assessed value
$8,673,800
Assessed 2024
Previous assessed
$9,284,700
-6.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,673,700
Assessed improvement
$100
Land market value
$8,673,700
Improvement market value
$100
Total market value
$8,673,800
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
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
25
Total area
25,285 SF
Lot
2.23 ac (97,052 SF)
Zoning code
O-6(CD)
APN
12524381
UPID
US53-0867514
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-6(CD) · Charlotte, NC
Zoning O-6(CD) · permitted uses
O-6(CD) · 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
$7.6M
RETAIL STORES
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
25
Lot
2.23 ac
Current owner
From public records · entity-resolved
Kings Court Associates
Entity
Free & Clear · 38 yrs held
Mailing address
4530 PARK RD STE #300, CHARLOTTE, NC 28209-3790
Ownership since
1988
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
Mar 31, 1988
$1,000,000
Kings Court Associates
Unknown
Grant Deed
—
—
—
Kings Court Investors LLC
—
Deed Of Trust
related
$3,150,000 · Miscellaneous Ins Co
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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