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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Medical Office Space
223 Gilead Rd, Huntersville, NC 28078-6897
Entity Owned
~
Est. High Equity
Property ID
US53-0907669
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
5,685 SF
Lot
0.53 ac (23,090 SF)
Zoning code
NR
APN
1710702
UPID
US53-0907669
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
-
Marc Allen Orthodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$1.14M
Owner & transaction history
Mitchell Healthcare Properties LLC
Mitchell Healthcare Properties LLC
since 2025
6 recorded transactions
Zoning & alternative use
NR · Huntersville, 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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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%
$1,320,000
6.5%
$1,220,000
7%
$1,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,805,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,800,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$200 / 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
$10,788
Tax year 2023
Assessed value
$1,662,000
Assessed 2024
Previous assessed
$1,668,100
-0.4% YoY
Effective rate
0.65%
On assessed value
Assessed land
$415,600
Assessed improvement
$1,246,400
Land market value
$415,600
Improvement market value
$1,246,400
Total market value
$1,662,000
Applied tax rate
4.0000
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
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,685 SF
Lot
0.53 ac (23,090 SF)
Zoning code
NR
APN
1710702
UPID
US53-0907669
Jurisdiction
MECKLENBURG
Zoning & alternative use
NR · Huntersville, NC
Zoning NR · permitted uses
NR · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Huntersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
OFFICE BUILDING
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Mitchell Healthcare Properties LLC
Entity
Mailing address
PO BOX 471276, CHARLOTTE, NC 28247-1276
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
$2,280,000
Mitchell Healthcare Properties LLC
223 Gilead LLC
Special Warranty Deed
$2,316,301 · First National Bank Of Pennsylvania
Oct 26, 2020
—
223 Gilead LLC
—
Deed
related
$1,425,000 · Aquesta Bank
Jun 18, 2019
$2,036,000
223 Gilead LLC
Allen,marc E
Grant Deed
—
Dec 20, 2012
$705,500
Marc E Allen
Tlcw Ltd
Warranty Deed
$1,348,765 · Carolina Premier Bank
Aug 29, 2003
$52,000
Webb Family Enterprises Ltd
Holbrook,elizabeth S
Grant Deed
$100,000 · Scottish Bank
—
—
Tlcw Ltd
—
Deed Of Trust
related
$1,147,500 · Carolina Premier 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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