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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Medical Office Space
1700 Abbey Pl, Charlotte, NC 28209-3742
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5717166
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
13,742 SF
Lot
1.7 ac (74,183 SF)
Zoning code
MUDD-O
APN
17514208
UPID
US53-5717166
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
-
Werner Devorah R Medical Clinic
-
PMG Research of Charlotte Medical Clinic
-
SouthPark Pediatrics, PA Hospital Children's Hospital
-
George Raad Pediatrician Physician
-
Centro Montford Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.97M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.77M
Owner & transaction history
Centro Montford Owner LLC · 1 yrs held
Centro Montford Owner LLC
since 2024
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
MUDD-O · 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
$4,975,000
ML approach
$4,970,000
CAP Approach
CAP Return
Estimation
6%
$3,170,000
6.5%
$2,925,000
7%
$2,715,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,540,000
Current use
OFFICE BUILDING
$4,970,000
Change: -10% · Conversion: Easy
RETAIL STORES
$4,450,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±10% · vs last sale $4.65M (Aug 3 2023)
Last sale anchor
$4.65M
Aug 3 2023
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
$347 / 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
$23,743
Tax year 2023
Assessed value
$3,237,000
Assessed 2024
Previous assessed
$3,241,700
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,921,700
Assessed improvement
$315,300
Land market value
$2,921,700
Improvement market value
$315,300
Total market value
$3,237,000
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
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
7
Total area
13,742 SF
Lot
1.7 ac (74,183 SF)
Zoning code
MUDD-O
APN
17514208
UPID
US53-5717166
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD-O · Charlotte, NC
Zoning MUDD-O · permitted uses
MUDD-O · 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
MEDICAL BUILDING Current
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
7
Lot
1.7 ac
Current owner
From public records · entity-resolved
Centro Montford Owner LLC
Entity
Mailing address
2100 CRES AVE STE #200, CHARLOTTE, NC 28207-1589
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$5,200,000
Centro Montford Owner LLC
Centro Montford LLC
Special Warranty Deed
—
Aug 3, 2023
$4,650,000
Centro Montford LLC
Abbey Place Apartments LLC
Special Warranty Deed
—
Aug 8, 2014
$1,700,000
Abbey Place Apartments LLC
Metrotimwatch LLC
Special Warranty Deed
$1,200,000 · First Citizens Bank & Trust Co
Dec 10, 2004
$1,705,000
Metrotimwatch LLC
Sunchase American Ltd
Warranty Deed
$1,705,000 · Central Carolina Bank & Trust
Jun 25, 1999
$1,125,000
Sunchase American Ltd
Fuller,david E S
Grant Deed
—
Mar 31, 1999
—
David E Fuller SR.
Fac Associates
Grant Deed
related
—
—
—
Metrotimwatch LLC
—
Deed Of Trust
related
$1,445,000 · Suntrust Bank NA
—
—
Abbey Place Apartments LLC
—
Deed Of Trust
related
$950,000 · Ubtnc Com'l Fin
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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