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Property profile & analytics
OFF-MARKET Estimated value $5,390,000
Retail space

931 Polk St Pineville, NC 28134-8567

50,462 SF 5.13 ac lot Built 1974
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US53-1241680
Property summary
AI-generated overview

This exceptional retail property, located at 931 N Polk St in Pineville, NC, offers a significant opportunity for businesses seeking a prominent location in the Charlotte submarket. The single-building center boasts a total of 50,925 square feet, with a substantial 38,275 square feet currently available for lease. This contiguous space is ideal for a large-scale tenant or can be potentially subdivided (minimum divisible 38,275 SF). The property sits on a generous 5.14 acres of land, providing ample parking and visibility. A complete facade renovation and a 30,000 square foot addition were finished in 2019, ensuring modern and attractive aesthetics. The strategic location offers excellent access to major transportation arteries, being only half a mile from I-485 and Highway 51, ensuring high traffic flow and convenient access for customers and employees. The building features a unique layout with 8,275 square feet of retail space in the front, seamlessly flowing into 30,000 square feet of space in the rear. This versatile space is situated in Mecklenburg County, within the thriving Charlotte submarket, making it an attractive option for businesses seeking a high-traffic, easily accessible location. The property's size, recent renovations, and prime location make it an outstanding investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Total area 50,462 SF
Lot 5.13 ac (223,550 SF)
Zoning code B3
APN 20508105
UPID US53-1241680
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
  • NAPA Auto Parts Auto Parts Store
  • Carpet & Flooring Liquidators Carpet & Flooring Store Hardware & Home Improvement
  • PPG Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.39M
Owner & transaction history
Harsh Investors LLC · 16 yrs held
Harsh Investors LLC
since 2009
6 recorded transactions
2019
Price N/A
2009
Price N/A
2009
$850,000
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B3 · Pineville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source TOWN OF PINEVILLE
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