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Property profile & analytics
OFF-MARKET
Estimated value
$17,740,000
Medical Office Space
13557 Steelecroft Pkwy Charlotte, NC 28278-0057
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-4017825
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
35,824 SF
Lot
1.9 ac (82,633 SF)
Zoning code
CC
APN
19955119
UPID
US53-4017825
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
-
Stacy Jayne Ostapko Pediatrician Medical Clinic
-
Claire Presswood Physician
-
Dr. Allen Tauro Physician
-
Christopher Buehrig Physician
-
Juliana Atei Ofori Mante Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.04M
Blend (final)
Blend
$17.74M
Owner & transaction history
Cpi Ahp Steelecroft Mob Owner LLC · 5 yrs held
Cpi Ahp Steelecroft Mob Owner LLC
since 2020
Last sale
$16.4M
6 recorded transactions
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
1,676.32 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$24.7M
+71.4%
Restaurant
$22.9M
+58.6%
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
$19,035,000
ML approach
$10,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$14,440,000
Current use
COMMERCIAL (GENERAL)
$24,745,000
Change: +71% · Conversion: Easy
RESTAURANT
$22,895,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$12,960,000
Change: -10% · Conversion: Easy
RETAIL STORES
$11,605,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$17.74M
Range $15.97M – $19.51M · ±10% · vs last sale $16.44M (Oct 13 2020)
Last sale anchor
$16.44M
Oct 13 2020
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
$495 / 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
$117,576
Tax year 2023
Assessed value
$16,029,500
Assessed 2024
Previous assessed
$16,090,700
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,094,100
Assessed improvement
$13,935,400
Land market value
$2,094,100
Improvement market value
$13,935,400
Total market value
$16,029,500
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
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
35,824 SF
Lot
1.9 ac (82,633 SF)
Zoning code
CC
APN
19955119
UPID
US53-4017825
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NCZoning CC · permitted uses
CC · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
1,676.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$14.4M
COMMERCIAL (GENERAL)
Est. value
$24.7M
RESTAURANT
Est. value
$22.9M
OFFICE BUILDING
Est. value
$13.0M
RETAIL STORES
Est. value
$11.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Cpi Ahp Steelecroft Mob Owner LLC
Entity
Mailing address
425 7TH ST NE, CHARLOTTESVILLE, VA 22902-4723
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
—
Cpi Ahp Steelecroft Mob Owner LLC
—
Deed
related
$67,250,000 · Webster Bank NA
Oct 13, 2020
$16,440,000
Cpi Ahp Steelecroft Mob Owner LLC
13557 Steelecroft Mob LLC
Special Warranty Deed
$46,738,250 · Synovus Bank
Jun 3, 2019
$12,708,000
13557 Steelecroft Mob LLC
Charlotte Med LLC
Special Warranty Deed
$7,100,000 · South State Bank
Jun 27, 2014
—
Charlotte Med LLC
—
Grant Deed
related
$6,500,000 · Capital Bk
May 25, 2011
$8,270,000
Charlotte Med LLC
Steelecroft Office LLC
Deed Of Trust
$5,789,000 · Bank Of North Carolina
Dec 15, 2005
—
Steelecroft Office LLC
Kfi
Warranty 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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