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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Medical Office Space
16525 Holly Crst Ln Huntersville, NC 28078-4909
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1799282
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
33,302 SF
Lot
4.22 ac (183,649 SF)
Zoning code
HC(CD)
APN
927232
UPID
US53-1799282
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
-
Southeast Children's Urology Pediatrician
-
Presbyterian Endoscopy Center Medical Clinic
-
Dr. Thomas A. Brown, DMD Dental Office
-
Lane H. Luke, PA-C Pediatrician Physician
-
Lakeside Family Physicians: Cathey Laura Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
$7.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Huntersville 16525 Mp Rk6 LP · 2 yrs held
Huntersville 16525 Mp Rk6 LP
since 2024
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
HC(CD) · Huntersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Mixed Use TC (CD) Conditional Zoning Town Center District Mixed Use CI (CD) Conditional Zoning Campus Institutional District Mixed Use TOD-E (CD) Conditional Transit-Oriented Development District - Employment Commercial HC (CD) Conditional Zoning Highway Commercial District Commercial CB (CD) Conditional Zoning Corporate Business District Commercial VS (CD)…
Zone name
Conditional Highway Commercial
General category
COMMERCIAL
Zone area
718.37 ac
Source
Print Preview
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
$8,000,000
ML approach
$8,000,000
CAP Approach
CAP Return
Estimation
6%
$7,730,000
6.5%
$7,135,000
7%
$6,625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,040,000
Current use
RETAIL STORES
$10,570,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$10,555,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (May 31 2024)
Last sale anchor
$8.00M
May 31 2024
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
$240 / 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
$58,729
Tax year 2023
Assessed value
$9,047,700
Assessed 2024
Effective rate
0.65%
On assessed value
Assessed land
$3,586,500
Assessed improvement
$5,461,200
Land market value
$3,586,500
Improvement market value
$5,461,200
Total market value
$9,047,700
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
32
Total area
33,302 SF
Lot
4.22 ac (183,649 SF)
Zoning code
HC(CD)
APN
927232
UPID
US53-1799282
Jurisdiction
MECKLENBURG
Zoning & alternative use
HC(CD) · Huntersville, NCZoning HC(CD) · permitted uses
HC(CD) · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Mixed Use TC (CD) Conditional Zoning Town Center District Mixed Use CI (CD) Conditional Zoning Campus Institutional District Mixed Use TOD-E (CD) Conditional Transit-Oriented Development District - Employment Commercial HC (CD) Conditional Zoning Highway Commercial District Commercial CB (CD) Conditional Zoning Corporate Business District Commercial VS (CD) Conditional Passenger Vehicle Sales District Commercial SP (CD) Conditional Zoning Spe
Zone name
Conditional Highway Commercial
General category
COMMERCIAL
Zone area
718.37 ac
Source
Print Preview
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$12.0M
RETAIL STORES
Est. value
$10.6M
OFFICE BUILDING
Est. value
$10.6M
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
32
Lot
4.22 ac
Current owner
From public records · entity-resolved
Huntersville 16525 Mp Rk6 LP
Entity
Mailing address
1 TOWN CTR RD STE #300, BOCA RATON, FL 33486-1014
Ownership since
2024
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
May 31, 2024
$8,000,000
Huntersville 16525 Mp Rk6 LP
Novant Health INC
Special Warranty Deed
$258,350,000 · Capital One Bank NA
Jun 9, 1999
$6,650,000
Novant Health INC
Cabarrus Medical
Grant Deed
—
Jan 1, 1998
—
Cabarrus Medical Partners
Cabarrus Medical
Quit Claim 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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