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Property profile & analytics
FOR LEASE
Medical Office Space
2115 E 7Th St, Charlotte, NC 28204
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0064451
For Lease
1 / 2
$1,455,000
2115 E 7Th St, Charlotte, NC 28204
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
9,120 SF
Lot
0.6 ac (25,966 SF)
Zoning code
UR-2(CD)
APN
12704407
UPID
US53-0064451
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
-
MADabolic Elizabeth Gym & Fitness Center
-
Dr. Jeanea R. Hundley, MD Physician
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
Dr. John Diehl Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Pecan Investments 2115 E 7th St LLC · 1 yrs held
Pecan Investments 2115 E 7th St LLC
since 2025
7 recorded transactions
Zoning & alternative use
UR-2(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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,940,000
7%
$1,800,000
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$160 / 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
$17,972
Tax year 2023
Assessed value
$2,450,200
Assessed 2024
Previous assessed
$2,474,400
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,518,700
Assessed improvement
$931,500
Land market value
$1,518,700
Improvement market value
$931,500
Total market value
$2,450,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
22
Total area
9,120 SF
Lot
0.6 ac (25,966 SF)
Zoning code
UR-2(CD)
APN
12704407
UPID
US53-0064451
Jurisdiction
MECKLENBURG
Zoning & alternative use
UR-2(CD) · Charlotte, NC
Zoning UR-2(CD) · permitted uses
UR-2(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.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
22
Lot
0.6 ac
Current owner
From public records · entity-resolved
Pecan Investments 2115 E 7th St LLC
Entity
Mailing address
2115 E 7TH ST, CHARLOTTE, NC 28204-3307
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
—
Pecan Investments 2115 E 7th St LLC
—
Deed
related
$2,795,642 · First Bank
Apr 25, 2025
—
Pecan Investments 2115 E 7th St LLC
Randolph Road Redevelopment LLC
Quitclaim Deed
related
$820,000 · Kirsten E Foyles
Apr 25, 2025
$2,950,000
Pecan Investments 2115 E 7th St LLC
Randolph Road Redevelopment LLC
Special Warranty Deed
—
Apr 6, 2015
$8,800,000
Randolph Road Redev LLC
Langtree Ventures Mob LLC
Grant Deed
$2,800,000 · Branch Bk&tr
Sep 28, 2012
$7,612,500
Grove In Elizabeth LLC
Langtree Ventures INC
Grant Deed
—
Jun 30, 2011
—
Langtree Ventures INC
—
Trustees Deed
related
$200,000 · Donald N & Peggy H Dimperio
Jan 26, 2007
$1,670,000
Langtree Ventures INC
Asclepios INC
Warranty Deed
$830,000 · Branch Banking And Trust Co
—
—
Langtree Ventures Mob LLC
—
Loan Modification
related
$8,311,218 · Jefferies Loancore LLC
—
—
Langtree Ventures INC
—
Deed Of Trust
related
$50,000 · Blueharbor Bank
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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