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Property profile & analytics
OFF-MARKET
Estimated value
$78,120,000
Parking lots & garages
1000 Central Ave Charlotte, NC 28204-2192
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2015773
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2014
Total area
183,177 SF
Lot
2.38 ac (103,455 SF)
Zoning code
B2
APN
8021301
UPID
US53-2015773
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
-
The Gibson Real Estate Agency
-
A.S Consulting Consultant
-
Mobile Marketing Solutions Marketing & Advertising Advertising Agency
-
N/A (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$78.12M
Owner & transaction history
1000 Central Avenue Owner LP · 4 yrs held
1000 Central Avenue Owner LP
since 2022
Last sale
$94.0M
6 recorded transactions
Zoning & alternative use
B2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$126.5M
+23.4%
Restaurant
$117.1M
+14.2%
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
$96,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$102,515,000
Current use
COMMERCIAL (GENERAL)
$126,525,000
Change: +23% · Conversion: Difficult
RESTAURANT
$117,070,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$82,140,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$78.12M
Range $70.31M – $85.93M · ±10% · vs last sale $94.00M (May 11 2022)
Last sale anchor
$94.00M
May 11 2022
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
$426 / 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
$576,874
Tax year 2023
Assessed value
$78,646,800
Assessed 2024
Previous assessed
$78,831,200
-0.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,070,100
Assessed improvement
$70,576,700
Land market value
$8,070,100
Improvement market value
$70,576,700
Total market value
$78,646,800
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Rooms
1
Total area
183,177 SF
Lot
2.38 ac (103,455 SF)
Zoning code
B2
APN
8021301
UPID
US53-2015773
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2 · Charlotte, NC
Zoning B2 · permitted uses
B2 · 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
PARKING LOT Current
Est. value
$102.5M
COMMERCIAL (GENERAL)
Est. value
$126.5M
RESTAURANT
Est. value
$117.1M
OFFICE BUILDING
Est. value
$82.1M
PARKING LOT Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Rooms
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
1000 Central Avenue Owner LP
Entity
Mailing address
1000 CENTRAL AVE OWNER LP 2001ST ROSS AVE ST STE #2800, DALLAS, TX 75201
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$94,000,000
1000 Central Avenue Owner LP
Gibson Venture LLC
Special Warranty Deed
—
May 11, 2022
—
1000 Central Avenue Owner LP
Gibson Venture LLC
Deed
—
Jun 3, 2014
—
Plaza Midwood Owner LLC
E Wayne Jernigan
Deed
—
Jun 3, 2014
$5,250,000
Plaza Midwood Owner LLC
Jernigan,e Wayne
Grant Deed
—
Dec 13, 1988
$330,000
E Wayne Jernigan
Unknown
Grant Deed
—
—
—
Plaza Midwood Owner LLC
—
Loan Modification
related
$25,355,000 · Us Bk
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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