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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
9247 Lawyers Rd Mint Hill, NC 28227-5143
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0614430
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
2,000 SF
Lot
0.24 ac (10,638 SF)
Zoning code
B-P
APN
13722204
UPID
US53-0614430
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
$550k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$550k
Owner & transaction history
Salah Real Estate LLC · 2 yrs held
Salah Real Estate LLC
since 2024
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
B-P · Mint Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Provides for retail sales and services in facilities planned as an architectural unit in one or more structures, and providing common off-street parking areas and landscaping on the site, as well as uniformity in signs and other accessory uses.
Zone name
Planned Business
General category
COMMERCIAL
Zone area
25.08 ac
Source
Realmo
Top alternative use upside
Medical building
$805,000
+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 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
Alternative Use
Use
Estimation
RETAIL STORES
$650,000
Current use
MEDICAL BUILDING
$805,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$520,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jan 4 2024)
Last sale anchor
$550k
Jan 4 2024
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
$275 / 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
$2,107
Tax year 2023
Assessed value
$301,800
Assessed 2024
Previous assessed
$314,600
-4.1% YoY
Effective rate
0.70%
On assessed value
Assessed land
$268,900
Assessed improvement
$32,900
Land market value
$268,900
Improvement market value
$32,900
Total market value
$301,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Total area
2,000 SF
Lot
0.24 ac (10,638 SF)
Zoning code
B-P
APN
13722204
UPID
US53-0614430
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-P · Mint Hill, NCZoning B-P · permitted uses
B-P · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Provides for retail sales and services in facilities planned as an architectural unit in one or more structures, and providing common off-street parking areas and landscaping on the site, as well as uniformity in signs and other accessory uses.
Zone name
Planned Business
General category
COMMERCIAL
Zone area
25.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$650,000
MEDICAL BUILDING
Est. value
$805,000
OFFICE BUILDING
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Salah Real Estate LLC
Entity
Mailing address
5015 ABODE LILLY LN, CHARLOTTE, NC 28227-2678
Ownership since
2024
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
Jan 4, 2024
$550,000
Salah Real Estate LLC
Alan D Blackburn
Warranty Deed
$280,000 · Alan Blackburn
Jan 4, 2024
—
Alan D Blackburn
Alan D Blackburn
Intrafamily Transfer
related
—
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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