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Property profile & analytics
OFF-MARKET
Estimated value
$20,900,000
Office buildings
11111 Carmel Cmns Blvd Charlotte, NC 28226-5319
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0182231
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
85,687 SF
Lot
5.71 ac (248,597 SF)
Zoning code
B-1SCD
APN
22144103
UPID
US53-0182231
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
by Request
CAP Approach
CAP
$21.72M
Comparable Approach
Comparable
$23.98M
Blend (final)
Blend
$20.90M
Owner & transaction history
Carmel Park Partners LLC · 6 yrs held
Carmel Park Partners LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-1SCD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.5M
+6.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,525,000
6.5%
$21,715,000
7%
$20,165,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$32,505,000
Current use
MEDICAL BUILDING
$34,535,000
Change: +6% · Conversion: Easy
RETAIL STORES
$27,755,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$20.90M
Range $18.81M – $22.99M · ±10%
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
$244 / 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
$109,387
Tax year 2023
Assessed value
$14,913,000
Assessed 2024
Previous assessed
$15,220,100
-2.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,327,300
Assessed improvement
$9,585,700
Land market value
$5,327,300
Improvement market value
$9,585,700
Total market value
$14,913,000
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
1981
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
1
Rooms
50
Total area
85,687 SF
Lot
5.71 ac (248,597 SF)
Zoning code
B-1SCD
APN
22144103
UPID
US53-0182231
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1SCD · Charlotte, NC
Zoning B-1SCD · permitted uses
B-1SCD · 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
$32.5M
MEDICAL BUILDING
Est. value
$34.5M
RETAIL STORES
Est. value
$27.8M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Rooms
50
Lot
5.71 ac
Current owner
From public records · entity-resolved
Carmel Park Partners LLC
Entity
Mailing address
100 ASHFORD CTR N STE #310, ATLANTA, GA 30338-4847
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2019
$36,175,000
Carmel Park Partners LLC
Cpvf Il Carmel Park LLC
Grant Deed
related
—
Aug 31, 2015
$23,000,000
Cpfv II Carmel Park LLC
Carmel Park II LP
Grant Deed
—
Aug 31, 2015
—
Cpvf II Carmel Park LLC
Carmel Park II Ltd Partnership
Deed
$19,900,000 · Jpmorgan Chase Bank NA
Nov 17, 2005
$5,000,000
Carmel Park I LP
Carmel Park Associates LLC
Special Warranty Deed
$5,000,000 · Timarron Capital INC
Mar 5, 2004
$110,000
Franklin Rodriguez
Household Realty Corp
Grant Deed
$110,000 · Myers Park Mortgage INC
Nov 26, 2003
$13,050,000
Carmel Park Associates LLC
Carmel Park INC
Grant Deed
related
$11,250,000 · Gmac Commercial Mortgage Corp
Dec 8, 1997
$17,675,000
Carmel Park INC
Carmel Park INC
Grant Deed
related
—
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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