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Property profile & analytics
FOR LEASE
Medical Office Space
16928 Lancaster Hwy, Charlotte, NC 28277
Individually Owned
10-yr Hold
Property ID
US53-1368144
For Lease
1 / 8
$32 SF/Yr
16928 Lancaster Hwy, Charlotte, NC 28277
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
10,096 SF
Lot
1.65 ac (71,830 SF)
Zoning code
O-1(CD)
APN
22304102
UPID
US53-1368144
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
-
Tina Maids Of Charlotte Hardware & Home Improvement
-
Laurel Castano Physician Medical Clinic
-
Akash Aghera Dental Office
-
Todd Greene, CPA, PLLC Accountants Accounting Firm
-
VITAL Men's Health Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
John A Mitchener · 10 yrs held
John A Mitchener
since 2015
7 recorded transactions
Zoning & alternative use
O-1(CD) · 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%
$2,330,000
6.5%
$2,150,000
7%
$2,000,000
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±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
$181 / 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
$21,554
Tax year 2023
Assessed value
$2,938,500
Assessed 2024
Previous assessed
$2,938,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$980,800
Assessed improvement
$1,957,700
Land market value
$980,800
Improvement market value
$1,957,700
Total market value
$2,938,500
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
For Lease
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
10,096 SF
Lot
1.65 ac (71,830 SF)
Zoning code
O-1(CD)
APN
22304102
UPID
US53-1368144
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1(CD) · Charlotte, NC
Zoning O-1(CD) · permitted uses
O-1(CD) · 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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
1.65 ac
Current owner
From public records · entity-resolved
John A Mitchener
Individual
Mailing address
16928 LANCASTER HWY, CHARLOTTE, NC 28277-4858
Ownership since
2015
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 22, 2020
—
Bridgehampton Professional Center L
—
Deed
related
$2,193,750 · First Citizens Bank & Trust Co
Oct 2, 2017
—
Bridgehampton Prof Center LLC
—
Deed
related
$2,050,000 · Branch Bk&tr
Sep 2, 2015
—
John A Mitchener
Builder Support Svcs Of Carolinas
Quit Claim Deed
related
—
Sep 2, 2015
$317,500
Bridgehampton Prof Center LLC
Mitchener,john A
Warranty Deed
—
Apr 8, 2009
—
John A Mitchener
Mitchener Calvin C Trust
Quit Claim Deed
related
—
—
—
Bridgehampton Prof Center LLC
—
Deed Of Trust
related
$1,600,000 · Bank Of America
—
—
Bridgehampton Prof Center LLC
—
Deed Of Trust
related
$2,050,000 · 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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