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Property profile & analytics
OFF-MARKET Estimated value $5,795,000
Medical Office Space

10512 Park Rd Charlotte, NC 28210-8475

38,942 SF 2.21 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US53-0459397
Property summary
AI-generated overview

This meticulously renovated, two-story Class A medical office building, located at 10512 Park Rd in Charlotte, NC, offers 10,019 square feet of vacant space. Currently, there are two available suites ranging from 475 to 3,167 square feet, perfect for a variety of medical practices. The building boasts a modern design with a striking brick exterior featuring curves and glass lines, creating an inviting atmosphere for patients and staff. Situated in Mecklenburg County, this property benefits from a prime location, less than half a mile from I-485 and Highway 51, providing excellent accessibility. Its proximity to Carolinas Medical Center Pineville further enhances its desirability. Ample surface parking is available for patients and staff, along with opportunities for prominent exterior signage. Competitive lease terms and generous tenant improvement allowances are offered to prospective tenants. The building's location near Carolina Place Mall adds to its convenience and appeal, making it an exceptional opportunity for healthcare professionals seeking a thriving location for their practice. The entire building is available for lease.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Total area 38,942 SF
Lot 2.21 ac (96,137 SF)
Zoning code O-C
APN 20710215
UPID US53-0459397
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
  • Norma Cano Pediatrician Physician
  • Dr. Michael Miltich Physician
  • Dr. Lois Osier Physician
  • Serena Weidner, NP-C Physician Medical Clinic
  • Elias Joseph Arbid Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.80M
Owner & transaction history
10512 Park Road LLC · 5 yrs held
10512 Park Road LLC
since 2020
4 recorded transactions
2020
Price N/A
2020
Price N/A
1989
$818,500
1969
Price N/A
Zoning & alternative use
O-C · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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