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Property profile & analytics
OFF-MARKET
Estimated value
$26,045,000
Medical Office Space
1025 Morehead Medical Dr Charlotte, NC 28204-2963
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-2472936
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
200,283 SF
Lot
0.94 ac (40,833 SF)
Zoning code
O2
APN
15301229B
UPID
US53-2472936
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
-
Atrium Health Morehead Medical Plaza Medical Clinic
-
Michelle Matthews, MD Medical Clinic
-
Atrium Health Transplant Center, a facility of Carolinas Medical Center Medical Clinic
-
Jean-Francois Lefaivre, MD Physician Medical Clinic
-
David C. A. Fisher, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.05M
Owner & transaction history
Hta-morehead Mob LLC · 9 yrs held
Hta-morehead Mob LLC
since 2017
1 recorded transaction
Zoning & alternative use
O2 · Charlotte, 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 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
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
$316,328
Tax year 2023
Assessed value
$43,125,800
Assessed 2024
Previous assessed
$43,143,000
0.0% YoY
Effective rate
0.73%
On assessed value
Assessed improvement
$43,125,800
Improvement market value
$43,125,800
Total market value
$43,125,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Bathrooms
12
Total area
200,283 SF
Lot
0.94 ac (40,833 SF)
Zoning code
O2
APN
15301229B
UPID
US53-2472936
Jurisdiction
MECKLENBURG
Zoning & alternative use
O2 · Charlotte, NC
Zoning O2 · permitted uses
O2 · 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.
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Bathrooms
12
Lot
0.94 ac
Current owner
From public records · entity-resolved
Hta-morehead Mob LLC
Entity
Mailing address
16435 N SCOTTSDALE RD, SCOTTSDALE, AZ 85254-1533
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Hta-morehead Mob LLC
Duke Realty LP
Trustees Deed
$59,800,000 · Duke Realty LP
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
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