Property profile

11840 Southmore Dr Charlotte, NC 28277

OFF-MARKET
Medical Office Space
Property ID
US53-4042851
36,016 SF 2.63 ac lot Built 2015
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2015
Total area 36,016 SF
Lot 2.63 ac (114,563 SF)
Zoning code MUDD-O
APN 23113119
UPID US53-4042851

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11840 Southmore Dr Charlotte, NC 28277-4817
Charlotte metro Census 5850 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.68M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.58M

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2017
Price N/A
2017
$6.5M

Zoning & alternative use

MUDD-O · Charlotte, NC
Zoning description

The Mixed Use Development District encourages mixed use development and its accompanying support commercial and office uses while maintaining a strong emphasis on pedestrian scale, urban development, and amenities, when…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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