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Property profile & analytics
OFF-MARKET
Estimated value
$38,105,000
Strip malls
Pineville, NC 28134
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-2050810
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
294,045 SF
Lot
23.24 ac (1,012,117 SF)
Zoning code
B4
APN
22119144
UPID
US53-2050810
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.11M
Owner & transaction history
Centro Heritage Spe 4 LLC · 19 yrs held
Centro Heritage Spe 4 LLC
since 2007
4 recorded transactions
Zoning & alternative use
B4 · Pineville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$130 / 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
$366,606
Tax year 2023
Assessed value
$48,358,500
Assessed 2024
Previous assessed
$49,236,300
-1.8% YoY
Effective rate
0.76%
On assessed value
Assessed land
$9,131,500
Assessed improvement
$39,227,000
Land market value
$9,131,500
Improvement market value
$39,227,000
Total market value
$48,358,500
Applied tax rate
21.0000
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
1987
Heating
STEAM
Cooling
CENTRAL
Buildings
16
Stories
1
Units
1
Total area
294,045 SF
Lot
23.24 ac (1,012,117 SF)
Zoning code
B4
APN
22119144
UPID
US53-2050810
Jurisdiction
MECKLENBURG
Zoning & alternative use
B4 · Pineville, NC
Zoning B4 · permitted uses
B4 · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pineville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
16
Units
1
Lot
23.24 ac
Current owner
From public records · entity-resolved
Centro Heritage Spe 4 LLC
Entity
Mailing address
500 E BROWARD BLVD STE #1130, FT LAUDERDALE, FL 33394-3022
Ownership since
2007
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
Jan 19, 2007
—
Centro Heritage Spe 4 LLC
Heritage Spe LLC
Deed
$226,109,468 · Jpmorgan Chase Bank NA
Jul 9, 1999
—
Heritage Realty Ltd Partne
Net Realty Holdi
Grant Deed
related
—
Jan 26, 1995
$22,450,000
Barry J Leo
Barry,j Leo
Grant Deed
related
—
Feb 14, 1992
$21,500,000
Mcmullen Associates
Unknown
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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