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Property profile & analytics
FOR LEASE
Medical Office Space
2028 Randolph Rd, Charlotte, NC 28207
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-0910891
For Lease
1 / 9
$29 SF/Yr
2028 Randolph Rd, Charlotte, NC 28207
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Property summary
AI-generated overview
This exceptional 5,346-square-foot office building, located at 2028 Randolph Road in Charlotte, NC (zip code 28207), presents a unique opportunity. Situated in the Elizabeth submarket's Randolph Road Medical Corridor, near Novant/Presbyterian Hospital and other medical providers, this Class B building offers convenient access and high visibility. Built in 1972 and renovated in 2016, the two-story structure features separate entrances to each floor, providing privacy and flexibility. The interior boasts numerous private offices, a large break room, and multiple restrooms. Currently vacant, the property is initially available as a sublease until September 2026, with a longer-term lease negotiable and subject to owner approval. Note that a portion of the second floor is reserved for owner storage. The building's electric power system and single-tenant occupancy make it ideal for a variety of uses, particularly within the medical or coworking sectors. This prime location and adaptable space offer significant potential for a discerning tenant.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
5,346 SF
Lot
0.28 ac (12,194 SF)
Zoning code
O-2
APN
15501116
UPID
US53-0910891
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
-
Dr. Lisa C. Buckingham, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Gca Realty LLC · 13 yrs held
Gca Realty LLC
since 2013
2 recorded transactions
Zoning & alternative use
O-2 · 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%
$1,235,000
6.5%
$1,140,000
7%
$1,055,000
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$13,661
Tax year 2023
Assessed value
$1,862,400
Assessed 2024
Previous assessed
$1,870,900
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,421,900
Assessed improvement
$440,500
Land market value
$1,421,900
Improvement market value
$440,500
Total market value
$1,862,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
4
Total area
5,346 SF
Lot
0.28 ac (12,194 SF)
Zoning code
O-2
APN
15501116
UPID
US53-0910891
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-2 · Charlotte, NC
Zoning O-2 · permitted uses
O-2 · 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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Gca Realty LLC
Entity
Free & Clear · 13 yrs held
Mailing address
5820 PORTBURN RD, CHARLOTTE, NC 28211-4262
Ownership since
2013
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
Jun 11, 2013
—
Gca Realty LLC
Andrinopoulos,george C
Grant Deed
—
Jun 14, 1989
$345,510
George C Andrinopoulos
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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