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Property profile & analytics
OFF-MARKET
Estimated value
$10,030,000
Strip malls
9229 Lawyers Rd Mint Hill, NC 28227-5132
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-0608186
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
54,876 SF
Lot
6.35 ac (276,432 SF)
Zoning code
R
APN
13722203
UPID
US53-0608186
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
by Request
CAP Approach
CAP
$12.44M
Comparable Approach
Comparable
$9.89M
Blend (final)
Blend
$10.03M
Owner & transaction history
Arrowood Hix LLC
Arrowood Hix LLC
since 2026
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
R · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to encourage the protection of the natural and manmade environment and resources and the retention of existing farm lands, rural estates, forested and water areas and other open type uses. This district contains diverse modes of living and housing types by encouraging building lots of varying size and dwelling unit densities consist…
Zone name
Residential
General category
RESIDENTIAL
Zone area
19,714.25 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,470,000
6.5%
$12,435,000
7%
$11,545,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$16,405,000
Current use
AUTO REPAIR, GARAGE
$14,300,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$10.03M
Range $9.03M – $11.03M · ±10% · vs last sale $8.90M (Feb 6 2026)
Last sale anchor
$8.90M
Feb 6 2026
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
$183 / 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
$47,182
Tax year 2023
Assessed value
$6,758,600
Assessed 2024
Previous assessed
$7,004,300
-3.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$3,405,400
Assessed improvement
$3,353,200
Land market value
$3,405,400
Improvement market value
$3,353,200
Total market value
$6,758,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
28
Total area
54,876 SF
Lot
6.35 ac (276,432 SF)
Zoning code
R
APN
13722203
UPID
US53-0608186
Jurisdiction
MECKLENBURG
Zoning & alternative use
R · Mint Hill, NCZoning R · permitted uses
R · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to encourage the protection of the natural and manmade environment and resources and the retention of existing farm lands, rural estates, forested and water areas and other open type uses. This district contains diverse modes of living and housing types by encouraging building lots of varying size and dwelling unit densities consistent with the stated goals and objectives for promoting and protecting the unique rural and country village character of the Town set forth in the adopted Land Use Plan. Other selected uses, consistent with the needs of the community, are also provided for in this district.
Zone name
Residential
General category
RESIDENTIAL
Zone area
19,714.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.4M
AUTO REPAIR, GARAGE
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
28
Lot
6.35 ac
Current owner
From public records · entity-resolved
Arrowood Hix LLC
Entity
Mailing address
1829 E FRANKLIN ST STE 800F, CHAPEL HILL, NC 27514-5867
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
$8,900,000
Arrowood Hix LLC
Pgp Mint Hill LLC
Special Warranty Deed
$6,000,000 · First Bank
May 25, 2023
—
Dolgencorp LLC
Pgp Mint Hill LLC
Assignment Of Lease (leasehold Sale)
—
Nov 20, 2019
$6,400,000
Pgp Mint Hill LLC
Hemingway Joan LLC
Grant Deed
$4,730,000 · Miscellaneous Ins Co
Jun 1, 2016
$2,300,000
Hemingway Joan LLC
Rs Mint Hill LLC
Grant Deed
—
Mar 5, 2012
$2,050,000
Rs Mint Hill LLC
Lawyers Square Hh LLC
Grant Deed
—
Oct 4, 2010
$2,000,000
Lawyers Square Hh LLC
Kirk,william B JR
Trustees Deed
related
—
Feb 1, 1999
$2,705,000
Square Investors L Lawyers
Pine Valley Part
Grant Deed
—
Jan 29, 1999
$2,705,000
Square Investors L Lawyers
Pine Valley Part
Grant Deed
—
Dec 16, 1997
$2,095,000
Pine Valley Partners LLC
Pine Valley Part
Grant Deed
related
—
—
—
Rs Mint Hill LLC
—
Deed Of Trust
related
$2,640,000 · Regions 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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