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Property profile & analytics
OFF-MARKET
Estimated value
$4,690,000
Commercial land
Pne Oak Rd Waxhaw, NC 28173
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-3645830
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1989
Total area
1,638 SF
Lot
75.23 ac (3,276,801 SF)
Zoning code
CU R-1 WAXHAW
APN
06-165-003A
UPID
US53-3645830
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
$4.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.69M
Owner & transaction history
Widewaters Prescot Ownership LLC · 3 yrs held
Widewaters Prescot Ownership LLC
since 2023
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
CU R-1 WAXHAW · Waxhaw, 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 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
$4,475,000
ML approach
$4,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±10% · vs last sale $4.80M (May 31 2023)
Last sale anchor
$4.80M
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
$2,863 / 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
$71,345
Tax year 2023
Assessed value
$7,029,800
Assessed 2023
Previous assessed
$7,029,800
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$7,029,800
Land market value
$7,029,800
Total market value
$7,029,800
Applied tax rate
528.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1989
Heating
YES
Stories
1
Rooms
5
Bathrooms
1
Total area
1,638 SF
Lot
75.23 ac (3,276,801 SF)
Zoning code
CU R-1 WAXHAW
APN
06-165-003A
UPID
US53-3645830
Jurisdiction
UNION
Zoning & alternative use
CU R-1 WAXHAW · Waxhaw, NC
Zoning CU R-1 WAXHAW · permitted uses
CU R-1 WAXHAW · 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.
Building & site characteristics
From public records
Year built
1989
Heating
YES
Stories
1
Rooms
5
Bathrooms
1
Lot
75.23 ac
Current owner
From public records · entity-resolved
Widewaters Prescot Ownership LLC
Entity
Free & Clear · 3 yrs held
Mailing address
150 3RD AVE S STE #800, NASHVILLE, TN 37201-2027
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
$4,800,000
Widewaters Prescot Ownership LLC
Pnb Holding Co 1 INC
Special Warranty Deed
—
Dec 28, 2018
$5,729,500
Pnb Holding Co 2 INC
Pinnacle Bk
Warranty Deed
—
Jun 6, 2017
$1,780,000
Sams Investments V LLC
Bank Of Nc
Grant Deed
—
Nov 7, 2011
$4,849,300
Bank Of Nc
Wright,carl R
Trustees Deed
related
—
Mar 30, 2007
—
Diamond Oak Dev INC
—
Grant Deed
related
$6,125,000 · Bank Of North Carolina
Sep 28, 2006
$2,824,000
Diamond Oak Dev INC
Mjp Holdings LLC
Grant Deed
$2,900,000 · Bank Of North Carolina
Sep 28, 2006
—
Diamond Oak Dev INC
Mjp Holdings LLC
Grant Deed
related
—
Nov 22, 2005
$168,500
Evergreen Homebuilders LLC
Prescot Dev LLC
Warranty Deed
—
Nov 22, 2005
$90,000
Evergreen Homebuilders LLC
Prescot Dev LLC
Warranty Deed
—
Sep 16, 2005
$174,000
Evergreen Homebuilders LLC
Prescot Dev LLC
Warranty Deed
$4,152,872 · Bank Of America
Jul 15, 2005
$528,000
Evergreen Homebuilders LLC
Prescot Dev LLC
Warranty Deed
$793,280 · Key Bank & Trust
Dec 28, 2004
—
Tab Holdings LLC
Browne,thomas A
Grant Deed
related
—
Oct 4, 2004
$2,100,000
Prescot Dev LLC
Browne,thomas A
Grant Deed
$4,500,000 · First Charter Bank
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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