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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Specialty properties
222 Rampart St Charlotte, NC 28203-4932
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0025490
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1959
Total area
24,105 SF
Lot
1.03 ac (44,693 SF)
Zoning code
TOD-UC
APN
12103210
UPID
US53-0025490
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
-
Skiptown Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Cpus South End Collection LP · 5 yrs held
Cpus South End Collection LP
since 2021
Last sale
$14,000
7 recorded transactions
Zoning & alternative use
TOD-UC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.7M
+35.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$1,245,000
Current use
INDUSTRIAL (GENERAL)
$1,685,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $14k (May 28 2021)
Last sale anchor
$14k
May 28 2021
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
$52 / 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
$71,514
Tax year 2023
Assessed value
$9,749,700
Assessed 2024
Previous assessed
$9,785,800
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,680,900
Assessed improvement
$2,068,800
Land market value
$7,680,900
Improvement market value
$2,068,800
Total market value
$9,749,700
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
7
Total area
24,105 SF
Lot
1.03 ac (44,693 SF)
Zoning code
TOD-UC
APN
12103210
UPID
US53-0025490
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-UC · Charlotte, NC
Zoning TOD-UC · permitted uses
TOD-UC · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
VETERINARY, ANIMAL HOSPITAL Current
INDUSTRIAL (GENERAL)
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
1959
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
7
Lot
1.03 ac
Current owner
From public records · entity-resolved
Cpus South End Collection LP
Entity
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$14,000
Cpus South End Collection LP
Ap 222 Rampart St LP
Special Warranty Deed
—
May 28, 2021
—
Cpus South End Collection LP
Ap 222 Rampart St LP
Quit Claim Deed
related
—
Jun 11, 2018
—
Ap 222 Rampart St LP
—
Grant Deed
related
$153,549,000 · Wells Fargo Bk
Jun 26, 2017
$4,550,000
Ap 222 Rampart St LLC
Ccip Rampart LLC
Grant Deed
—
Jun 26, 2017
—
Ap 222 Rampart St LLC
Ccip Rampart LLC
Grant Deed
related
—
Jan 27, 2014
$2,550,000
Ccip Rampart LLC
Southend Dev Group LLC
Grant Deed
—
Jan 27, 2014
—
Ccip Rampart LLC
Southend Dev Group LLC
Grant Deed
—
Jul 7, 2008
$1,000
Southend Dev Group LLC
City Of Charlotte
Quit Claim Deed
related
—
Mar 13, 2008
$1,700,000
Southend Dev Group LLC
Simpson,kenny & Tausha
Warranty Deed
$2,137,000 · First Charter Bank
Nov 13, 2006
$950,000
Kenny Simpson
Mitchell,ralph E & Sharon
Warranty Deed
—
—
—
Southend Dev Group LLC
—
Deed Of Trust
related
$69,695 · Fifth Third Bank
—
—
Southend Dev Group LLC
—
Deed Of Trust
related
$210,712 · Fifth Third Bank
—
—
Southend Dev Group LLC
—
Deed Of Trust
related
$191,000 · Fifth Third 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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