Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,020,000
Strip malls
Charlotte, NC 28204
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1824174
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1937
Total area
28,678 SF
Lot
1.44 ac (62,639 SF)
Zoning code
B1
APN
12703109
UPID
US53-1824174
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
$9.79M
CAP Approach
CAP
$8.52M
Comparable Approach
Comparable
$12.95M
Blend (final)
Blend
$13.02M
Owner & transaction history
Efc 7th Street Retail LLC · 3 yrs held
Efc 7th Street Retail LLC
since 2023
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
B1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.8M
+131.1%
Restaurant
$18.3M
+113.8%
Office building
$12.9M
+50.0%
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 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
$13,635,000
ML approach
$9,785,000
CAP Approach
CAP Return
Estimation
6%
$9,225,000
6.5%
$8,515,000
7%
$7,910,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,575,000
Current use
COMMERCIAL (GENERAL)
$19,810,000
Change: +131% · Conversion: Easy
RESTAURANT
$18,330,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$12,860,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$11,560,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$9,290,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$13.02M
Range $11.72M – $14.32M · ±10% · vs last sale $12.75M (May 31 2023)
Last sale anchor
$12.75M
May 31 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
$454 / 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
$91,702
Tax year 2023
Assessed value
$12,502,000
Assessed 2024
Previous assessed
$9,790,500
+27.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,056,100
Assessed improvement
$7,445,900
Land market value
$5,056,100
Improvement market value
$7,445,900
Total market value
$12,502,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1937
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
7
Total area
28,678 SF
Lot
1.44 ac (62,639 SF)
Zoning code
B1
APN
12703109
UPID
US53-1824174
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1 · Charlotte, NC
Zoning B1 · permitted uses
B1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$19.8M
RESTAURANT
Est. value
$18.3M
OFFICE BUILDING
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$11.6M
RETAIL STORES
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1937
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
7
Lot
1.44 ac
Current owner
From public records · entity-resolved
Efc 7th Street Retail LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2820 SELWYN AVE STE #130, CHARLOTTE, NC 28209-1786
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Efc 7th Street Retail LLC
Efc Management Company INC
Intrafamily Transfer
related
—
Apr 26, 2021
$12,750,000
Efc 7th Street Retail LLC
Ap E 7th St LP
Special Warranty Deed
—
Apr 26, 2021
—
Efc 7th Street Retail LLC
Ap E 7th St LP
Quit Claim Deed
related
$12,127,000 · South State Bank NA
Dec 22, 2017
—
Ap E 7th St LP
—
Grant Deed
related
$13,764,000 · Synovus Bk
Jan 3, 2017
$5,250,000
Ap E 7th St LLC
Clhc LLC
Grant Deed
—
Jan 3, 2017
—
Ap E 7th St LLC
Clhc LLC
Grant Deed
related
—
Dec 17, 2015
$1,500,000
Clhc LLC
Lowder Investment Props INC
Warranty Deed
—
—
—
Clhc LLC
—
Loan Modification
related
$2,183,000 · Paragon Com'l Bk
—
—
Lowder Investment Props INC
—
Deed Of Trust
related
$307,400 · First Citizens Bank & Trust Co
—
—
Lowder Investment Props INC
—
Deed Of Trust
related
$100,000 · First Citizens Bank & 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Own this property?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
