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Property profile & analytics
OFF-MARKET
Estimated value
$8,070,000
Strip malls
9021 Albemarle Rd, Charlotte, NC 28227-2619
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1030393
Property summary
AI-generated overview
Albemarle Square, a thriving retail center located at 9021 Albemarle Road in Charlotte, North Carolina (zip code 28227), offers a prime opportunity for businesses seeking high-traffic exposure. This multi-tenant property boasts a total of 52,104 square feet situated on a generous 6.44-acre lot. Currently, one retail space is available, measuring 1,300 square feet, ideal for a variety of uses. The center is strategically positioned along the rapidly developing Albemarle Road corridor, benefiting from significant daily traffic volume. Its prominent location ensures high visibility and accessibility for customers. The property is anchored by a Food Lion grocery store, providing a strong draw for shoppers and creating a synergistic environment for complementary businesses. This presents a unique chance to establish a presence in a well-established and growing retail hub. The property's size and location make it an attractive investment for businesses seeking a strong foothold in the Charlotte market. Interested parties should inquire about the available space and lease terms.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
55,576 SF
Lot
10.7 ac (465,918 SF)
Zoning code
CC
APN
10909209
UPID
US53-1030393
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
-
Coinstar Bank Credit Union
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Food Lion Grocery & Convenience Store Food Market
-
ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.07M
Owner & transaction history
PC Flp LLC · 4 yrs held
PC Flp LLC
since 2022
Last sale
$7.9M
5 recorded transactions
Zoning & alternative use
CC · 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
$8,090,000
ML approach
$8,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.07M
Range $7.26M – $8.88M · ±10% · vs last sale $7.85M (Jun 7 2022)
Last sale anchor
$7.85M
Jun 7 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
$145 / 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
$65,686
Tax year 2023
Assessed value
$8,955,100
Assessed 2024
Previous assessed
$9,196,100
-2.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,323,000
Assessed improvement
$4,632,100
Land market value
$4,323,000
Improvement market value
$4,632,100
Total market value
$8,955,100
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
1992
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
55,576 SF
Lot
10.7 ac (465,918 SF)
Zoning code
CC
APN
10909209
UPID
US53-1030393
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
10.7 ac
Current owner
From public records · entity-resolved
PC Flp LLC
Entity
Mailing address
4539 HEDGEMORE DR STE #104, CHARLOTTE, NC 28209-3237
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$7,850,000
PC Flp LLC
Albemarle Square Investment Group L
Special Warranty Deed
$6,045,000 · Encore Bank NA
Sep 21, 1998
—
City Of Charlotte
City Of Charlott
Quit Claim Deed
related
—
Aug 22, 1991
$800,000
Prop P Charter Project
Unknown
Grant Deed
—
—
—
Albemarle Square Inv Group LLC
—
Deed Of Trust
related
$5,000,000 · Starwood Mtg Cap
—
—
Albemarle Square Inv Group LLC
—
Deed Of Trust
related
$5,000,000 · Wachovia Bank NA
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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