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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Medical Office Space
15811 Brookway Dr Huntersville, NC 28078-3221
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0458870
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
6,000 SF
Lot
0.59 ac (25,484 SF)
Zoning code
CBCD
APN
933119
UPID
US53-0458870
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
$1.75M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.69M
Owner & transaction history
Brookway Partners LLC · 3 yrs held
Brookway Partners LLC
since 2022
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
CBCD · Huntersville, NC
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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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
$1,670,000
ML approach
$1,745,000
CAP Approach
CAP Return
Estimation
6%
$1,395,000
6.5%
$1,285,000
7%
$1,195,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,170,000
Current use
RETAIL STORES
$1,905,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,900,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $1.67M (Aug 23 2022)
Last sale anchor
$1.67M
Aug 23 2022
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
$281 / 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
$8,623
Tax year 2023
Assessed value
$1,328,400
Assessed 2024
Previous assessed
$1,340,200
-0.9% YoY
Effective rate
0.65%
On assessed value
Assessed land
$382,600
Assessed improvement
$945,800
Land market value
$382,600
Improvement market value
$945,800
Total market value
$1,328,400
Applied tax rate
4.0000
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
Buildings
2
Stories
1
Total area
6,000 SF
Lot
0.59 ac (25,484 SF)
Zoning code
CBCD
APN
933119
UPID
US53-0458870
Jurisdiction
MECKLENBURG
Zoning & alternative use
CBCD · Huntersville, NCZoning CBCD · permitted uses
CBCD · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
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Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
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
1
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Brookway Partners LLC
Entity
Mailing address
PO BOX 2608, CORNELIUS, NC 28031-2608
Ownership since
2022
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
Aug 23, 2022
$1,665,000
Brookway Partners LLC
Vicatech LLC
Special Warranty Deed
$1,324,000 · The Fidelity Bank
Feb 11, 2009
$900,000
Vicatech LLC
Mfcf Properties LLC
Warranty Deed
$704,000 · First Citizens Bank & Trust Co
Jun 1, 2007
$440,000
Mfcf Properties LLC
Stegall Properties Of Charlotte LLC
Warranty Deed
$733,500 · First Trust Bank
—
—
Vicatech LLC
—
Deed Of Trust
related
$578,000 · Centralina Development Corp
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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