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Property profile & analytics
FOR LEASE
Office buildings
9432 Southern Pine Blvd Charlotte, NC 28273
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1093491
For Lease
1 / 2
$13 SF/Yr
9432 Southern Pine Blvd, Charlotte, NC 28273
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
23,693 SF
Lot
2.75 ac (119,659 SF)
Zoning code
I-1
APN
20302126
UPID
US53-1093491
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
-
Corporate Headquarters-- Bojangles' Restaurants, Inc. Corporate Office Business Park
-
Bojangles Restaurant Support Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.01M
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$4.70M
Owner & transaction history
Bojangles Restaurants · 28 yrs held
Bojangles Restaurants
since 1997
3 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.7M
+50.6%
Neighborhood: shopping center
$7.1M
+39.0%
Auto repair, garage
$6.2M
+21.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,505,000
6.5%
$6,005,000
7%
$5,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,095,000
Current use
RETAIL STORES
$7,675,000
Change: +51% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,085,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,175,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±10%
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
$198 / 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
$27,107
Tax year 2023
Assessed value
$3,695,600
Assessed 2024
Previous assessed
$4,105,000
-10.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,093,100
Assessed improvement
$2,602,500
Land market value
$1,093,100
Improvement market value
$2,602,500
Total market value
$3,695,600
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
32
Total area
23,693 SF
Lot
2.75 ac (119,659 SF)
Zoning code
I-1
APN
20302126
UPID
US53-1093491
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.1M
RETAIL STORES
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.2M
OFFICE BUILDING Current
RETAIL STORES
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
32
Lot
2.75 ac
Current owner
From public records · entity-resolved
Bojangles Restaurants
Individual
Mailing address
301 S COLLEGE ST, CHARLOTTE, NC 28202-6000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 1997
—
Bojangles Restaurants
—
Deed Of Trust
related
$25,000,000 · Ing Us Capital
Oct 31, 1996
—
Restaurants Bojangles
—
Deed Of Trust
related
$25,000,000 · Internationale Nederlanden
Oct 29, 1996
—
Restaurants Bojangles
—
Deed Of Trust
related
$25,000,000 · Internationale Nederlanden
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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