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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Retail space
9208 Ardrey Kell Rd Charlotte, NC 28277-0786
Entity Owned
Free & Clear
Property ID
US53-5367168
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
9,920 SF
Lot
2.1 ac (91,432 SF)
Zoning code
NS
APN
22905103
UPID
US53-5367168
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
-
Amazing Lash Studio Hair Salon Nail Salon
-
The Nail Creative Company, LLC Hair Salon Nail Salon
-
Lenox Salons Hair Salon Nail Salon
-
Fringe Hair Salon Blakeney Hair Salon
-
Aspen Luxe Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$4.83M
Owner & transaction history
Walescan LLC
Walescan LLC
since 2025
Last sale
$4.6M
2 recorded transactions
Zoning & alternative use
NS · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Neighborhood Services District (NS) is to encourage and accommodate the development and continued existence of mixed use districts, which provide a focus for neighborhood retail and service activities
Zone name
Neighborhood Services District
General category
MIXED_USE
Zone area
738.10 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$6.9M
+113.3%
Restaurant
$6.3M
+97.3%
Medical building
$4.0M
+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 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
$5,285,000
ML approach
$5,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,215,000
Current use
COMMERCIAL (GENERAL)
$6,850,000
Change: +113% · Conversion: Easy
RESTAURANT
$6,340,000
Change: +97% · Conversion: Easy
MEDICAL BUILDING
$4,000,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,280,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,965,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±10% · vs last sale $4.55M (Dec 11 2025)
Last sale anchor
$4.55M
Dec 11 2025
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
$487 / 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
$31,895
Tax year 2023
Assessed value
$4,348,300
Assessed 2024
Previous assessed
$4,401,700
-1.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,908,200
Assessed improvement
$1,440,100
Land market value
$2,908,200
Improvement market value
$1,440,100
Total market value
$4,348,300
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
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,920 SF
Lot
2.1 ac (91,432 SF)
Zoning code
NS
APN
22905103
UPID
US53-5367168
Jurisdiction
MECKLENBURG
Zoning & alternative use
NS · Charlotte, NCZoning NS · permitted uses
NS · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Neighborhood Services District (NS) is to encourage and accommodate the development and continued existence of mixed use districts, which provide a focus for neighborhood retail and service activities
Zone name
Neighborhood Services District
General category
MIXED_USE
Zone area
738.10 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RESTAURANT
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Walescan LLC
Entity
Free & Clear · 0 yrs held
Mailing address
22551 JOHN GAMBLE RD, CORNELIUS, NC 28031-6673
Ownership since
2025
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
Dec 11, 2025
$4,550,000
Walescan LLC
Mlh Holdings LLC
Special Warranty Deed
—
Jun 16, 2021
$4,500,000
Mlh Holdings LLC
Blakeney Commons LLC
Special Warranty Deed
$2,631,000 · First Bank
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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