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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Warehouses
9518 New Town Rd Waxhaw, NC 28173-8574
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-1101528
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
13,500 SF
Lot
5.01 ac (218,236 SF)
Zoning code
LI UNION COUNTY
APN
06-204-001A
UPID
US53-1101528
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
-
Golf Ball Hero Golf Course (Bike/Boat/Book/etc) Store
-
Challenge Golf (Bike/Boat/Book/etc) Store
-
Aqua Shag Golf Course (Bike/Boat/Book/etc) Store
-
D.H. Hutson Enterprises Golf Course (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.79M
Owner & transaction history
Hutson Investments LLC · 11 yrs held
Hutson Investments LLC
since 2015
4 recorded transactions
Zoning & alternative use
LI UNION COUNTY · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+53.4%
Auto repair, garage
$2.1M
+48.7%
Commercial (general)
$2.1M
+47.5%
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 Waxhaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waxhaw 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%
$1,920,000
6.5%
$1,770,000
7%
$1,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,440,000
Current use
OFFICE BUILDING
$2,205,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,140,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,120,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,045,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±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
$133 / 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
$9,782
Tax year 2023
Assessed value
$1,563,900
Assessed 2023
Previous assessed
$1,563,900
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$241,400
Assessed improvement
$1,322,500
Land market value
$241,400
Improvement market value
$1,322,500
Total market value
$1,563,900
Applied tax rate
926.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
13,500 SF
Lot
5.01 ac (218,236 SF)
Zoning code
LI UNION COUNTY
APN
06-204-001A
UPID
US53-1101528
Jurisdiction
UNION
Zoning & alternative use
LI UNION COUNTY · Waxhaw, NC
Zoning LI UNION COUNTY · permitted uses
LI UNION COUNTY · Waxhaw, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waxhaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
5.01 ac
Current owner
From public records · entity-resolved
Hutson Investments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 429, WAXHAW, NC 28173-1047
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2015
—
Hutson Investments LLC
Hutson Investments LLC
Quit Claim Deed
—
Jul 31, 2008
—
Hutson Investments LLC
—
Trustees Deed
related
$1,500,000 · Branch Banking & Trust Co
Mar 22, 2001
—
Hutson Investments LLC
Hutson,daniel H
Quit Claim Deed
related
—
—
—
Hutson Investments LLC
—
Deed Of Trust
related
$2,000,000 · Branch Banking & Trust Co
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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