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Property profile & analytics
OFF-MARKET
Estimated value
$16,965,000
Office buildings
2201 Coronation Blvd, Charlotte, NC 28227-6747
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0959305
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
41,600 SF
Lot
3.2 ac (139,392 SF)
Zoning code
I-1
APN
19311404
UPID
US53-0959305
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
-
Hartford Life Insurance Agency
-
Choi Kiho CPA Accounting Firm Tax Preparation
-
Social Security Administration Social Security Office Government Office
-
WEBPRO | Charlotte Website Design & SEO Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
-
S S I Office Social Security Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.98M
Comparable Approach
Comparable
$18.93M
Blend (final)
Blend
$16.97M
Owner & transaction history
Charlotte Nc I Fgf LLC · 6 yrs held
Charlotte Nc I Fgf LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.6M
+103.3%
Medical building
$16.8M
+28.2%
Retail stores
$13.5M
+3.0%
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%
$12,970,000
6.5%
$11,975,000
7%
$11,115,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,075,000
Current use
RESTAURANT
$26,585,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$16,765,000
Change: +28% · Conversion: Easy
RETAIL STORES
$13,475,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,435,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,840,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$16.97M
Range $15.27M – $18.66M · ±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
$408 / 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
$76,799
Tax year 2023
Assessed value
$10,470,200
Assessed 2024
Previous assessed
$10,970,700
-4.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,413,100
Assessed improvement
$9,057,100
Land market value
$1,413,100
Improvement market value
$9,057,100
Total market value
$10,470,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
25
Total area
41,600 SF
Lot
3.2 ac (139,392 SF)
Zoning code
I-1
APN
19311404
UPID
US53-0959305
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
$13.1M
RESTAURANT
Est. value
$26.6M
MEDICAL BUILDING
Est. value
$16.8M
RETAIL STORES
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$10.8M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
25
Lot
3.2 ac
Current owner
From public records · entity-resolved
Charlotte Nc I Fgf LLC
Entity
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
$10,678,500
Charlotte Nc I Fgf LLC
Charlotte Gsa Properties Ltd
Grant Deed
—
Jul 16, 2013
$3,750,000
Charlotte Gsa Properties Ltd
Dennis Properties LLC
Warranty Deed
—
Sep 15, 2004
—
Dennis Properties LLC
—
Trustees Deed
related
$1,200,000 · American Community Bk & Tr
Oct 8, 1997
$3,263,000
Nationwide Life Insurance
Nationwide Life
Grant Deed
related
—
Nov 28, 1989
$375,000
Cem Doar Limited Ptnsp
Unknown
Grant Deed
—
—
—
Charlotte Gsa Properties Ltd
—
Deed Of Trust
related
$2,500,000 · Croghan Colonial Bk
—
—
Charlotte Gsa Properties Ltd
—
Deed Of Trust
related
$3,900,000 · Croghan Colonial Bank
—
—
Dennis Properties LLC
—
Deed Of Trust
related
$4,500,000 · Carolina First 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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