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Property profile & analytics
OFF-MARKET
Estimated value
$8,370,000
Medical Office Space
11304 Hawthorne Dr Ste 200, Mint Hill, NC 28227-9426
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-2705834
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
40,890 SF
Lot
2.9 ac (126,237 SF)
Zoning code
O-A DO-B(CD)
APN
19518241
UPID
US53-2705834
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
$8.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.37M
Owner & transaction history
11304 Hawthorne Drive LLC · 13 yrs held
11304 Hawthorne Drive LLC
since 2012
4 recorded transactions
Zoning & alternative use
O-A DO-B(CD) · Mint Hill, 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 Mint Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mint Hill 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%
$9,490,000
6.5%
$8,760,000
7%
$8,135,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,245,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.37M
Range $7.53M – $9.21M · ±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
$205 / 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
$102,559
Tax year 2023
Assessed value
$14,691,100
Assessed 2024
Previous assessed
$14,765,000
-0.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$3,490,800
Assessed improvement
$11,200,300
Land market value
$3,490,800
Improvement market value
$11,200,300
Total market value
$14,691,100
Applied tax rate
17.0000
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
40,890 SF
Lot
2.9 ac (126,237 SF)
Zoning code
O-A DO-B(CD)
APN
19518241
UPID
US53-2705834
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-A DO-B(CD) · Mint Hill, NC
Zoning O-A DO-B(CD) · permitted uses
O-A DO-B(CD) · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mint Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$13.2M
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.9 ac
Current owner
From public records · entity-resolved
11304 Hawthorne Drive LLC
Entity
Mailing address
6401 SW 87TH AVESTE115, MIAMI, FL 33173-2500
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2012
$14,125,000
11304 Hawthorne Drive LLC
Mint Hill Medical Office Prop
Grant Deed
—
May 1, 2007
$700,000
Mint Hill Medical Office Prop
Novant Health INC
Deed Of Trust
related
$9,900,000 · Paragon Commercial Bank
—
—
11304 Hawthorne Drive LLC
—
Deed Of Trust
related
$7,000,000 · Wells Fargo Bank
—
—
Mint Hill Medical Office Prop
—
Deed Of Trust
related
$8,700,000 · Capital Bank NA
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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