Technical
Financial
Distress signals
Property profile

2040 Milton Rd Charlotte, NC 28215

OFF-MARKET
Assisted living facilities
Property ID
US53-0073475
17,393 SF 6.11 ac lot Built 1987
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1987
Total area 17,393 SF
Lot 6.11 ac (266,239 SF)
Zoning code R-4
APN 9915220
UPID US53-0073475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

2040 Milton Rd Charlotte, NC 28215-3317
Charlotte metro Census 1504 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$711k
Blend (final) Blend
$595k

Owner & transaction history

since 2016
7 recorded transactions
2016
$4.8M
2013
$2.9M
2006
Price N/A
2004
$1.7M
2004
Price N/A
1998
$1.3M
1969
Price N/A

Zoning & alternative use

R-4 · Charlotte, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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