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Property profile & analytics
FOR LEASE
Office buildings
222 S Church St, Charlotte, NC 28202
Entity Owned
Free & Clear
Property ID
US53-5273053
For Lease
1 / 2
$16,185,000
222 S Church St, Charlotte, NC 28202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Total area
93,086 SF
Lot
0.64 ac (27,844 SF)
Zoning code
UMUD
APN
7301506
UPID
US53-5273053
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
-
Dixie Dumpsters Waste Management Facility Hazardous Waste Disposal
-
Jazz at Packard Place Music Venue Theater & Performing Art Venue
-
Pinstripe Incorporated (Bike/Boat/Book/etc) Store Corporate Office
-
Divinity Affairs Marketing & Advertising Event Planning
-
Ink N Ivy Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.61M
Blend (final)
Blend
$16.19M
Owner & transaction history
Tavern On Church LLC
Tavern On Church LLC
since 2025
7 recorded transactions
Zoning & alternative use
UMUD · 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
$17,595,000
ML approach
$10,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.19M
Range $14.57M – $17.80M · ±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
$174 / 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
$112,735
Tax year 2023
Assessed value
$15,369,500
Assessed 2024
Previous assessed
$17,077,200
-10.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,550,200
Assessed improvement
$7,819,300
Land market value
$7,550,200
Improvement market value
$7,819,300
Total market value
$15,369,500
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
For Lease
Year built
1928
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
9
Total area
93,086 SF
Lot
0.64 ac (27,844 SF)
Zoning code
UMUD
APN
7301506
UPID
US53-5273053
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD · Charlotte, NC
Zoning UMUD · permitted uses
UMUD · 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
1928
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
9
Lot
0.64 ac
Current owner
From public records · entity-resolved
Tavern On Church LLC
Entity
Free & Clear · 0 yrs held
Mailing address
640 N LA SALLE DR STE #605, CHICAGO, IL 60654-6735
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
Tavern On Church LLC
Np Uptown Charlotte LLC
Deed
—
Jul 9, 2021
$15,400,000
Np Uptown Charlotte LLC
Packard Place Properties LLC
Special Warranty Deed
—
May 1, 2017
—
Packard Place Properties LLC
—
Grant Deed
related
$17,600,000 · Citi R/e Fndg INC
Dec 17, 2010
$3,333,000
Red City Properties LLC
222 South Church Street LLC
Special Warranty Deed
$6,480,000 · Branch Banking And Trust Co
Jan 4, 2006
$5,575,000
222 South Church Street LLC
Transwestern Church Street LLC
Grant Deed
$4,400,000 · First Charter Bank
Dec 20, 1999
—
Church Street Transwestern
Ad Pac Ltd Partn
Grant Deed
related
—
Aug 15, 1996
—
Vinson Realty Co INC
—
Deed Of Trust
related
$851,103 · Branch Banking & Trust Co
Jan 19, 1989
$6,275,000
Ad-pac Ltd Partnership
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.
Try Rey
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