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Property profile & analytics
OFF-MARKET
Estimated value
$16,075,000
Hotels
15139 Ballancroft Pkwy, Charlotte, NC 28277-4857
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-3842513
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
66,102 SF
Lot
2.37 ac (103,281 SF)
Zoning code
CC
APN
22313236
UPID
US53-3842513
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
$11.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.16M
Blend (final)
Blend
$16.08M
Owner & transaction history
Panther Hotel Operating Company II · 4 yrs held
Panther Hotel Operating Company II
since 2021
Last sale
$17.4M
3 recorded transactions
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$26.6M
+161.5%
Office building
$21.9M
+114.5%
Retail stores
$21.4M
+110.1%
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
$20,370,000
ML approach
$11,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,190,000
Current use
MEDICAL BUILDING
$26,640,000
Change: +161% · Conversion: Difficult
OFFICE BUILDING
$21,855,000
Change: +115% · Conversion: Difficult
RETAIL STORES
$21,410,000
Change: +110% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,760,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$16.08M
Range $14.47M – $17.68M · ±10% · vs last sale $17.35M (Sep 30 2021)
Last sale anchor
$17.35M
Sep 30 2021
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
$243 / 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
$101,456
Tax year 2023
Assessed value
$13,831,700
Assessed 2024
Previous assessed
$13,863,300
-0.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$868,600
Assessed improvement
$12,963,100
Land market value
$868,600
Improvement market value
$12,963,100
Total market value
$13,831,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
123
Total area
66,102 SF
Lot
2.37 ac (103,281 SF)
Zoning code
CC
APN
22313236
UPID
US53-3842513
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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
HOTEL/MOTEL Current
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$26.6M
OFFICE BUILDING
Est. value
$21.9M
RETAIL STORES
Est. value
$21.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
123
Lot
2.37 ac
Current owner
From public records · entity-resolved
Panther Hotel Operating Company II
Entity
Mailing address
3625 N HALL ST STE #900, DALLAS, TX 75219-5147
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$17,350,000
Panther Hotel Operating Company II
Ohm Hotels 52 LLC
Special Warranty Deed
$22,250,000 · Congressional Bank
Dec 6, 2018
—
Ohm Hotels 521 LLC
—
Deed
related
$495,000 · Branch Bk&tr
—
—
Ohm Hotels 521 LLC
—
Deed Of Trust
related
$495,000 · Branch 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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