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Property profile & analytics
OFF-MARKET
Estimated value
$26,400,000
Hospitals
1901 Randolph Rd, Charlotte, NC 28207-1101
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1121270
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1970
Total area
473,942 SF
Lot
5.89 ac (256,656 SF)
Zoning code
O2
APN
12703901
UPID
US53-1121270
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
-
Ms. Melissa Williams Physician
-
Bernard Reen Physician
-
Dean L. Moniot, MS Physician
-
Novant Health Imaging at Charlotte Orthopedic Hospital Medical Clinic
-
Thomas Smarz Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.40M
Owner & transaction history
Charlotte 1915 Mp Rk6 LP · 1 yrs held
Charlotte 1915 Mp Rk6 LP
since 2024
Last sale
$26.4M
2 recorded transactions
Zoning & alternative use
O2 · 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
$26,400,000
ML approach
$26,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.40M
Range $23.76M – $29.04M · ±10% · vs last sale $26.40M (Oct 24 2024)
Last sale anchor
$26.40M
Oct 24 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
$56 / 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
$636,425
Tax year 2023
Assessed value
$86,765,500
Assessed 2024
Effective rate
0.73%
On assessed value
Assessed land
$18,114,100
Assessed improvement
$68,651,400
Land market value
$18,114,100
Improvement market value
$68,651,400
Total market value
$86,765,500
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Rooms
93
Total area
473,942 SF
Lot
5.89 ac (256,656 SF)
Zoning code
O2
APN
12703901
UPID
US53-1121270
Jurisdiction
MECKLENBURG
Zoning & alternative use
O2 · Charlotte, NC
Zoning O2 · permitted uses
O2 · 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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
93
Lot
5.89 ac
Current owner
From public records · entity-resolved
Charlotte 1915 Mp Rk6 LP
Entity
Mailing address
2085 FRONTIS PLZ BLVD, WINSTON SALEM, NC 27103-5614
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
$26,400,000
Charlotte 1915 Mp Rk6 LP
Novant Health Matthews Medical Ctr
Deed
$255,492,000 · Capital One NA
Mar 1, 1993
$17,276,000
Presbyterian-orthopaedic
Unknown
Grant Deed
—
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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