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Property profile & analytics
OFF-MARKET
Estimated value
$11,540,000
Office buildings
1000 Morehead St, Charlotte, NC 28208-5323
Entity Owned
~
Est. High Equity
Property ID
US53-1093475
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
40,201 SF
Lot
1.18 ac (51,444 SF)
Zoning code
MUDD
APN
7324209
UPID
US53-1093475
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
-
European Cellars Importer Corporate Office
-
Goosehead Insurance - Blake Manhart and Ryan Mahoney Insurance Agency
-
Covenant Recreation & Fitness Gym & Fitness Center
-
AccruePartners Employment Agency
-
TU Covenant P Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.19M
Comparable Approach
Comparable
$11.47M
Blend (final)
Blend
$11.54M
Owner & transaction history
Slt Morehead LLC
Slt Morehead LLC
since 2025
Last sale
$14.7M
7 recorded transactions
Zoning & alternative use
MUDD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.0M
+49.8%
Medical building
$16.2M
+35.1%
Retail stores
$13.3M
+10.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,040,000
6.5%
$10,190,000
7%
$9,460,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,000,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,975,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$16,205,000
Change: +35% · Conversion: Easy
RETAIL STORES
$13,310,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,015,000
Change: +0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,475,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$11.54M
Range $10.39M – $12.69M · ±10% · vs last sale $14.70M (Jun 10 2025)
Last sale anchor
$14.70M
Jun 10 2025
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
$287 / 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
$72,132
Tax year 2023
Assessed value
$9,833,900
Assessed 2024
Previous assessed
$9,877,400
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,134,700
Assessed improvement
$4,699,200
Land market value
$5,134,700
Improvement market value
$4,699,200
Total market value
$9,833,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
2
Total area
40,201 SF
Lot
1.18 ac (51,444 SF)
Zoning code
MUDD
APN
7324209
UPID
US53-1093475
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD · Charlotte, NC
Zoning MUDD · permitted uses
MUDD · 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
OFFICE BUILDING Current
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$16.2M
RETAIL STORES
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$10.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1926
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
2
Lot
1.18 ac
Current owner
From public records · entity-resolved
Slt Morehead LLC
Entity
Mailing address
1000 W MOREHEAD ST STE G140, CHARLOTTE, NC 28208-5323
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
$14,700,000
Slt Morehead LLC
Wm1000 LLC
Special Warranty Deed
$18,720,000 · First Citizens Bank & Trust Co
Sep 10, 2025
—
Slt Morehead LLC
Wm1000 LLC
Warranty Deed
—
Jun 21, 2017
—
Wm1000 LLC
East West Boxer LLC
Quit Claim Deed
related
—
Jun 21, 2017
$7,335,000
Wm1000 LLC
East West Boxer LLC
Special Warranty Deed
—
Mar 2, 2015
—
East West Boxer LLC
Boxer Building LLC
Quit Claim Deed
—
Mar 2, 2015
$4,675,000
East West Boxer LLC
Boxer Building LLC
Special Warranty Deed
$3,506,250 · Paragon Commercial Bank
Jan 8, 1999
—
Betty R Boxer
Boxer Building L
Quit Claim Deed
related
—
Jan 4, 1999
—
Karl M Boxer
—
Deed Of Trust
related
—
—
—
Boxer Building LLC
—
Deed Of Trust
related
$4,240,000 · Rbc Bank (usa)
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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