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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Medical Office Space
1433 Drexel Pl, Charlotte, NC 28209-2538
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0869705
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
3,072 SF
Lot
0.43 ac (18,650 SF)
Zoning code
R-4
APN
14920352
UPID
US53-0869705
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
$3.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.21M
Owner & transaction history
Mooresville Lodging LLC · 5 yrs held
Mooresville Lodging LLC
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
R-4 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+71.4%
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
$3,475,000
ML approach
$3,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,120,000
Change: +71% · Conversion: Easy
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $3.00M (Dec 23 2020)
Last sale anchor
$3.00M
Dec 23 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
$1,045 / 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
$12,793
Tax year 2023
Assessed value
$1,744,100
Assessed 2024
Previous assessed
$1,778,800
-2.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,084,300
Assessed improvement
$659,800
Land market value
$1,084,300
Improvement market value
$659,800
Total market value
$1,744,100
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
2020
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,072 SF
Lot
0.43 ac (18,650 SF)
Zoning code
R-4
APN
14920352
UPID
US53-0869705
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-4 · Charlotte, NC
Zoning R-4 · permitted uses
R-4 · 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
COMMERCIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL)
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
2020
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Mooresville Lodging LLC
Entity
Free & Clear · 5 yrs held
Mailing address
18132 BEAR TRAK DR, DAVIDSON, NC 28036-7653
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Mooresville Lodging LLC
Greenway Holdings LLC
Grant Deed
—
Dec 23, 2020
$3,000,000
Mooresville Lodging LLC
Greenway Holdings LLC
Grant Deed
—
Apr 9, 2020
—
Greenway Holdings LLC
—
Deed
related
$1,928,750 · Carter Bk&tr
May 23, 2019
$950,000
Greenway Holdings LLC
Culbreth,fay H & Winifred W
Grant Deed
$750,000 · Carter Bk&tr
May 23, 2019
—
Greenway Holdings LLC
Culbreth,fay H & Winifred W
Quit Claim Deed
related
—
Dec 11, 1997
$68,500
Fay H Culbreth
Culbreth,fay H
Grant Deed
related
—
—
—
Greenway Holdings LLC
—
Deed Of Trust
related
$1,928,750 · Carter Bk&tr
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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