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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Commercial real estate
9927 Rea Rd Waxhaw, NC 28173-6421
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3797932
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2018
Total area
18,360 SF
Lot
4.78 ac (208,304 SF)
Zoning code
B-2 UNION COUNTY
APN
06-201-007A
UPID
US53-3797932
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
$4.11M
CAP Approach
CAP
$4.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
Reafield Property Owners Associatio · 2 yrs held
Reafield Property Owners Associatio
since 2023
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
B-2 UNION COUNTY · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+132.6%
Retail stores
$5.1M
+76.3%
Office building
$3.0M
+4.0%
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
$3,985,000
ML approach
$4,110,000
CAP Approach
CAP Return
Estimation
6%
$4,390,000
6.5%
$4,055,000
7%
$3,765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,885,000
Current use
RESTAURANT
$6,710,000
Change: +133% · Conversion: Difficult
RETAIL STORES
$5,085,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$3,000,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,910,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,785,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±10% · vs last sale $4.28M (Dec 12 2023)
Last sale anchor
$4.28M
Dec 12 2023
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
$225 / 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
$3,930
Tax year 2023
Assessed value
$628,300
Assessed 2023
Previous assessed
$628,300
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$628,300
Land market value
$628,300
Total market value
$628,300
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
4
Stories
2
Total area
18,360 SF
Lot
4.78 ac (208,304 SF)
Zoning code
B-2 UNION COUNTY
APN
06-201-007A
UPID
US53-3797932
Jurisdiction
UNION
Zoning & alternative use
B-2 UNION COUNTY · Waxhaw, NC
Zoning B-2 UNION COUNTY · permitted uses
B-2 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
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
RESTAURANT
Est. value
$6.7M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2018
Heating
NONE
Stories
2
Buildings
4
Lot
4.78 ac
Current owner
From public records · entity-resolved
Reafield Property Owners Associatio
Entity
Free & Clear · 2 yrs held
Ownership since
2023
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
Dec 12, 2023
—
Reafield Property Owners Associatio
Reafield LLC
Intrafamily Transfer
related
—
Oct 11, 2019
$4,275,000
Barr Properties Master LLC
Reafield LLC
Grant Deed
—
Mar 15, 2017
$1,712,000
Reafield LLC
Longview South LLC
Grant Deed
—
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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