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Property profile & analytics
OFF-MARKET
Estimated value
$35,230,000
Office buildings
2101 Rexford Rd, Charlotte, NC 28211-3477
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5684227
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
214,130 SF
Lot
9.9 ac (431,375 SF)
Zoning code
O-15(CD)
APN
17708215
UPID
US53-5684227
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
-
Coca-Cola Corporate Office
-
Rojo Marketing Advertising Agency Marketing & Advertising
-
Patrick Laraway | American Security Mortgage Loan Service Bank
-
Alex Browning | American Security Mortgage Loan Service Bank
-
American Security Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$41.64M
Blend (final)
Blend
$35.23M
Owner & transaction history
2101 Rexford Owner LLC · 3 yrs held
2101 Rexford Owner LLC
since 2023
Last sale
$31.0M
7 recorded transactions
Zoning & alternative use
O-15(CD) · 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
$33,930,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$57,800,000
Current use
AUTO REPAIR, GARAGE
$55,800,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$35.23M
Range $31.71M – $38.75M · ±10% · vs last sale $31.00M (Jun 8 2023)
Last sale anchor
$31.00M
Jun 8 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
$165 / 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
$224,718
Tax year 2023
Assessed value
$30,636,400
Assessed 2024
Previous assessed
$46,849,500
-34.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$24,012,600
Assessed improvement
$6,623,800
Land market value
$24,012,600
Improvement market value
$6,623,800
Total market value
$30,636,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
99
Total area
214,130 SF
Lot
9.9 ac (431,375 SF)
Zoning code
O-15(CD)
APN
17708215
UPID
US53-5684227
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-15(CD) · Charlotte, NC
Zoning O-15(CD) · permitted uses
O-15(CD) · 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
OFFICE BUILDING Current
Est. value
$57.8M
AUTO REPAIR, GARAGE
Est. value
$55.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
99
Lot
9.9 ac
Current owner
From public records · entity-resolved
2101 Rexford Owner LLC
Entity
Mailing address
301 S COLLEGE ST STE #2800, CHARLOTTE, NC 28202-6033
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
$31,000,000
2101 Rexford Owner LLC
2101 Rexford Road LLC
Special Warranty Deed
—
Jun 8, 2023
—
2101 Rexford Owner LLC
2101 Rexford Road LLC
Intrafamily Transfer
related
—
Sep 8, 2022
—
Rubenstein Direct Lending LLC
—
Deed
related
—
Oct 29, 2021
—
2101 Rexford Road LLC
—
Deed
related
$37,810,000 · Rubenstein Direct Lending LLC
Sep 5, 2014
—
2101 Rexford Road LLC
—
Grant Deed
related
$18,800,000 · Ge Cap Bk
Aug 15, 2014
$25,250,000
2101 Rexford Road LLC
Dra Of Clp Esplanade LP
Grant Deed
—
Dec 18, 2012
—
Dra Of Clp Esplanade LP
—
Deed Of Trust
related
$741,907,256 · Us Bank NA Series 2007-c1 (ce)
Jun 19, 2007
—
Dra Of Clp Esplanade
Colonial Realty
Grant Deed
$741,907,256 · Mortgage Electronic Reg Sys
Jul 14, 2005
$21,433,000
Colonial Realty
Bci Property Co 43 Ltd
Grant Deed
—
Jul 14, 2005
—
Colonial Realty
Bci Property Co 43 Ltd
Grant Deed
—
Aug 6, 1996
—
Carnegie,llc
—
Deed Of Trust
related
$3,000,000 · Wachovia Bank NA
—
—
2101 Rexford Road LLC
—
Deed Of Trust
related
$30,150,000 · Wells Fargo Bk
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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