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    Property profile & analytics
    OFF-MARKET Estimated value $26,540,000
    Medical Office Space

    1718 4th St, Charlotte, NC 28204-3261

    155,502 SF 0 ac lot Built 1989
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US53-2777297
    Property summary
    AI-generated overview

    Presbyterian Plaza Tower offers 2,626 square feet of fully vacant medical office space, ideally situated within the vibrant Midtown Medical Campus in Mecklenburg County. This multi-tenant building provides 12 available suites, ranging in size from a minimum of 278 square feet to a maximum contiguous space of 2,626 square feet. The property boasts convenient access via an attached parking deck, eliminating parking hassles for both staff and patients. Seamless connectivity to adjacent medical office buildings is ensured through the use of Sky Bridges, fostering collaboration and ease of access. The building's prime location offers direct access to Novant Health Presbyterian Medical Center, a significant advantage for medical professionals. Tenant and visitor convenience is further enhanced by an on-site cafe located on the third floor. Finally, dedicated on-site building management ensures a well-maintained and efficient environment, providing peace of mind and a professional atmosphere for your medical practice. This is a rare opportunity to secure a substantial, fully vacant medical office space in a highly desirable location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1989
    Total area 155,502 SF
    Lot 0 ac (173 SF)
    Zoning code MUDD-O
    APN 15501324
    UPID US53-2777297
    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
    • Novant Health Maternal-Fetal Medicine - Charlotte Physician
    • Novant Health Breast Center Mammography Service
    • McKay Urology: O'Neill Michael R MD Physician Medical Clinic
    • Dr. Dennis N. Wilson, MD Physician
    • Dr. Michael J. Miller, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $33.10M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $26.54M
    Owner & transaction history
    Benchmark Investments X LP · 6 yrs held
    Benchmark Investments X LP
    since 2019
    5 recorded transactions
    2019
    2019
    $52.5M
    2014
    $36.3M
    2006
    $27.0M
    1969
    Zoning & alternative use
    MUDD-O · Charlotte, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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