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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
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, NC
Zoning 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
Mint Hill. Always verify with local authorities before improvements.
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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