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Property profile & analytics
OFF-MARKET
Estimated value
$18,150,000
Office buildings
1618 Camden Rd, Charlotte, NC 28203-4756
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-5733466
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
78,481 SF
Lot
0.93 ac (40,601 SF)
Zoning code
I1
APN
12306108
UPID
US53-5733466
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
-
Raggs Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.89M
Comparable Approach
Comparable
$15.97M
Blend (final)
Blend
$18.15M
Owner & transaction history
1616 Center LLC · 11 yrs held
1616 Center LLC
since 2014
7 recorded transactions
Zoning & alternative use
I1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,550,000
6.5%
$19,890,000
7%
$18,470,000
Blend value · Realmo final
$18.15M
Range $16.34M – $19.97M · ±10%
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
$231 / 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
$183,817
Tax year 2023
Assessed value
$25,060,300
Assessed 2024
Previous assessed
$25,245,800
-0.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,252,900
Assessed improvement
$16,807,400
Land market value
$8,252,900
Improvement market value
$16,807,400
Total market value
$25,060,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Heating
STEAM
Cooling
AC.PACKAGE
Buildings
3
Stories
3
Units
1
Rooms
1
Total area
78,481 SF
Lot
0.93 ac (40,601 SF)
Zoning code
I1
APN
12306108
UPID
US53-5733466
Jurisdiction
MECKLENBURG
Zoning & alternative use
I1 · Charlotte, NC
Zoning I1 · permitted uses
I1 · 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.
Building & site characteristics
From public records
Year built
2015
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
3
Units
1
Rooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
1616 Center LLC
Entity
Free & Clear · 11 yrs held
Mailing address
500 E MOREHEAD ST STE #200, CHARLOTTE, NC 28202-3353
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2019
—
Ap North Davidson Phase 1 LP
—
Deed
related
$14,501,340 · Synovus Bk
Oct 8, 2014
$2,700,000
1616 Center LLC
B & B Southend LLC
Grant Deed
—
Apr 11, 2007
$1,810,000
B & B Southend LLC
Gribble,rex N JR & Nancy H
Warranty Deed
$1,493,250 · Rex N JR & Nancy H Gribble
Feb 23, 2006
—
Rex N Gribble JR.
Eshet,nachum & Mary G
Grant Deed
—
Mar 11, 2005
—
Rex N Gribble JR.
Owens,robin P & Sarah G
Grant Deed
related
—
Dec 30, 2004
—
Rex N Gribble JR.
Owens,robin P & Sarah G
Grant Deed
related
—
Dec 14, 2004
—
Gribble Rex N SR Trust
Gribble,rex N SR
Quit Claim Deed
related
—
Dec 23, 1997
—
Rex N Gribble JR.
Gribble,jr Rex N
Quit Claim Deed
related
—
—
—
Rex N Gribble
—
Deed Of Trust
related
$250,000 · First Citizens Bank & Trust Co
—
—
Ap North Davidson Phase 1 LP
—
Deed Of Trust
related
$14,501,340 · Synovus Bk
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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